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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 7,592 $ 23,681
Accounts receivable, net of allowance for credit losses 139,715 118,594
Derivative assets 29,714 11,478
Prepaid and other current assets 22,264 20,998
Assets held for sale 1,186 11,400
Total current assets 200,471 186,151
Property and equipment, net 1,809,000 1,383,348
Derivative assets 316 2,092
Other assets 4,420 5,017
Total assets 2,014,207 1,576,608
Current liabilities    
Accounts payable and accrued liabilities 265,609 214,381
Derivative liabilities 67,933 50,372
Current portion of long-term debt 0 4,129
Total current liabilities 333,542 268,882
Deferred income taxes 6,216 2,793
Derivative liabilities 3,416 23,815
Other non-current liabilities 9,934 10,358
Long-term debt, net 604,077 601,252
Commitments and contingencies (Note 14)
Equity    
Preferred stock 0 0
Paid-in capital 220,062 273,329
Retained earnings 264,256 49,583
Accumulated other comprehensive loss (111) (111)
Ranger Oil shareholders’ equity 484,399 323,532
Noncontrolling interest 572,623 345,976
Total equity 1,057,022 669,508
Total liabilities and equity $ 2,014,207 $ 1,576,608
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 $ 190 $ 729
Class B Common Stock    
Equity    
Common stock $ 2 $ 2