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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 42,422 $ 19,121
Royalty income receivable (net of allowance for credit losses) 42,011 32,210
Royalty income receivable—related party 3,679 1,998
Other current assets 658 665
Total current assets 88,770 53,994
Property:    
Oil and natural gas interests, full cost method of accounting ($1,319,256 and $1,364,906 excluded from depletion at June 30, 2021 and December 31, 2020, respectively) 2,896,361 2,895,542
Land 5,688 5,688
Accumulated depletion and impairment (545,040) (496,176)
Property, net 2,357,009 2,405,054
Other assets 4,383 2,327
Total assets 2,450,162 2,461,375
Current liabilities:    
Accounts payable 39 43
Accrued liabilities 17,159 18,262
Derivative instruments 51,762 26,593
Total current liabilities 68,960 44,898
Long-term debt, net 534,180 555,644
Total liabilities 603,140 600,542
Commitments and contingencies (Note 12)
Unitholders’ equity:    
General partner 769 809
Common units (64,546,377 units issued and outstanding as of June 30, 2021 and 65,817,281 units issued and outstanding as of December 31, 2020) 594,777 633,415
Class B units (90,709,946 units issued and outstanding as of June 30, 2021 and December 31, 2020) 981 1,031
Total Viper Energy Partners LP unitholders’ equity 596,527 635,255
Non-controlling interest 1,250,495 1,225,578
Total equity 1,847,022 1,860,833
Total liabilities and unitholders’ equity $ 2,450,162 $ 2,461,375