CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 23,681	$ 13,020
Accounts receivable, net of allowance for credit losses	118,594	45,849
Derivative assets	11,478	75,506
Prepaid and other current assets	20,998	19,045
Assets held for sale	11,400	0
Total current assets	186,151	153,420
Property and equipment, net (full cost method)	1,383,348	723,549
Derivative assets	2,092	25,449
Other assets	5,017	4,908
Total assets	1,576,608	907,326
Current liabilities
Accounts payable and accrued liabilities	214,381	63,089
Derivative liabilities	50,372	85,106
Current portion of long-term debt	4,129	0
Total current liabilities	268,882	148,195
Deferred income taxes	2,793	0
Derivative liabilities	23,815	28,434
Other non-current liabilities	10,358	8,362
Long-term debt, net	601,252	509,497
Commitments and contingencies (Note 14)
Equity
Preferred stock	0	0
Paid-in capital	273,329	203,463
Retained earnings	49,583	9,354
Accumulated other comprehensive loss	(111)	(131)
Ranger Oil shareholders’ equity	323,532	212,838
Noncontrolling interest	345,976	0
Total equity	669,508	212,838
Total liabilities and shareholders’ equity	$ 1,576,608	$ 907,326
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Class A Common Stock
Equity
Common stock	$ 729	$ 152
Class B Common Stock
Equity
Common stock	$ 2	$ 0