CONDENSED CONSOLIDATED BALANCE SHEETS — UNAUDITED - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 22,303	$ 505,179
Restricted cash	43,535	42,151
Accounts receivable
Oil and natural gas revenues	201,612	224,860
Joint interest billings	220,126	180,947
Other	39,013	48,011
Derivative instruments	0	3,930
Lease and well equipment inventory	30,848	15,184
Prepaid expenses and other current assets	76,966	51,570
Total current assets	634,403	1,071,832
Oil and natural gas properties, full-cost method
Evaluated	8,857,450	6,862,455
Unproved and unevaluated	1,207,186	977,502
Midstream properties	1,153,915	1,057,668
Other property and equipment	36,810	32,847
Less accumulated depletion, depreciation and amortization	(4,816,115)	(4,512,275)
Net property and equipment	6,439,246	4,418,197
Other assets
Other long-term assets	58,689	64,476
Total assets	7,132,338	5,554,505
Current liabilities
Accounts payable	75,275	58,848
Accrued liabilities	350,343	261,310
Royalties payable	137,795	117,698
Amounts due to affiliates	17,163	32,803
Derivative instruments	11,796	0
Advances from joint interest owners	47,378	52,357
Other current liabilities	47,222	52,857
Total current liabilities	686,972	575,873
Long-term liabilities
Borrowings under Credit Agreement	560,000	0
Borrowings under San Mateo Credit Facility	460,000	465,000
Senior unsecured notes payable	1,182,718	695,245
Asset retirement obligations	63,246	52,985
Deferred income taxes	545,415	428,351
Other long-term liabilities	16,557	19,960
Total long-term liabilities	2,827,936	1,661,541
Commitments and contingencies
Shareholders’ equity
Common stock - $0.01 par value, 160,000,000 shares authorized; 119,272,719 and 118,953,381 shares issued; and 119,147,205 and 118,948,624 shares outstanding, respectively	1,192	1,190
Additional paid-in capital	2,106,987	2,101,999
Retained earnings	1,299,753	1,007,642
Treasury stock, at cost, 125,514 and 4,757 shares, respectively	(5,076)	(34)
Total Matador Resources Company shareholders’ equity	3,402,856	3,110,797
Non-controlling interest in subsidiaries	214,574	206,294
Total shareholders’ equity	3,617,430	3,317,091
Total liabilities and shareholders’ equity	$ 7,132,338	$ 5,554,505