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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 103,734 $ 26,397
Receivables:    
Crude oil, natural gas, and natural gas liquids sales 1,097,700 1,196,262
Joint interest and other 310,682 350,907
Allowance for credit losses (3,570) (3,172)
Receivables, net 1,404,812 1,543,997
Derivative assets 129,079 353,261
Inventories 202,851 190,762
Prepaid expenses and other 90,680 33,450
Total current assets 1,931,156 2,147,867
Net property and equipment, based on successful efforts method of accounting 19,492,650 19,786,889
Investment in unconsolidated affiliates 246,579 240,484
Operating lease right-of-use assets 29,766 38,656
Derivative assets, noncurrent 114,540 155,252
Other noncurrent assets 18,092 18,293
Total assets 21,832,783 22,387,441
Current liabilities:    
Accounts payable trade 827,904 835,012
Revenues and royalties payable 648,737 768,381
Accrued liabilities and other 300,182 354,537
Current portion of incentive compensation liability 57,646 130,583
Current portion of income tax liabilities 719 84,556
Derivative liabilities 26,678 0
Current portion of operating lease liabilities 12,014 18,112
Current portion of long-term debt 2,541 895,105
Total current liabilities 1,876,421 3,086,286
Long-term debt, net of current portion 5,377,370 5,734,007
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,916,017 2,867,283
Incentive compensation liability, noncurrent 24,390 41,707
Asset retirement obligations, noncurrent 400,838 391,957
Derivative liabilities, noncurrent 132 586
Operating lease liabilities, noncurrent 16,727 19,482
Other noncurrent liabilities 441,900 36,346
Total other noncurrent liabilities 3,800,004 3,357,361
Commitments and contingencies (Note 8)
Equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 1,000,000,000 shares authorized 299,610,267 shares issued and outstanding at June 30, 2024 and December 31, 2023 2,996 2,996
Retained earnings 10,412,107 9,850,687
Total shareholders’ equity attributable to Continental Resources 10,415,103 9,853,683
Noncontrolling interests 363,885 356,104
Total equity 10,778,988 10,209,787
Total liabilities and equity $ 21,832,783 $ 22,387,441