CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash	$ 448,723	$ 505,179
Restricted cash	54,705	42,151
Accounts receivable
Oil and natural gas revenues	178,846	224,860
Joint interest billings	188,498	180,947
Other	45,568	48,011
Derivative instruments	0	3,930
Lease and well equipment inventory	20,039	15,184
Prepaid expenses and other current assets	70,115	51,570
Total current assets	1,006,494	1,071,832
Oil and natural gas properties, full-cost method
Evaluated	7,168,997	6,862,455
Unproved and unevaluated	1,069,330	977,502
Midstream properties	1,071,181	1,057,668
Other property and equipment	35,248	32,847
Less accumulated depletion, depreciation and amortization	(4,638,600)	(4,512,275)
Net property and equipment	4,706,156	4,418,197
Other assets
Other long-term assets	69,455	64,476
Total assets	5,782,105	5,554,505
Current liabilities
Accounts payable	45,284	58,848
Accrued liabilities	328,909	261,310
Royalties payable	118,074	117,698
Amounts due to affiliates	12,215	32,803
Derivative instruments	3,136	0
Advances from joint interest owners	42,552	52,357
Other current liabilities	51,202	52,857
Total current liabilities	601,372	575,873
Long-term liabilities
Borrowings under Credit Agreement	0	0
Borrowings under San Mateo Credit Facility	475,000	465,000
Senior unsecured notes payable	695,515	695,245
Asset retirement obligations	54,240	52,985
Deferred income taxes	483,180	428,351
Other long-term liabilities	16,968	19,960
Total long-term liabilities	1,724,903	1,661,541
Commitments and contingencies
Shareholders’ equity
Common stock - $0.01 par value, 160,000,000 shares authorized; 119,232,002 and 118,953,381 shares issued; and 119,205,783 and 118,948,624 shares outstanding, respectively	1,192	1,190
Additional paid-in capital	2,099,926	2,101,999
Retained earnings	1,153,004	1,007,642
Treasury stock, at cost, 26,219 and 4,757 shares, respectively	(1,270)	(34)
Total Matador Resources Company shareholders’ equity	3,252,852	3,110,797
Non-controlling interest in subsidiaries	202,978	206,294
Total shareholders’ equity	3,455,830	3,317,091
Total liabilities and shareholders’ equity	$ 5,782,105	$ 5,554,505