Other Accrued Expenses and Other Liabilities (Notes)

9 Months Ended

Sep. 30, 2021

Accrued Liabilities and Other Liabilities [Abstract]

Other Income and Other Expense Disclosure [Text Block]

NOTE 7 - ACCOUNTS RECEIVABLE, OTHER ACCRUED EXPENSES AND OTHER LIABILITIES

Accounts Receivable. The following table presents the components of accounts receivable, net of allowance for doubtful accounts, as of the dates indicated:

	September 30, 2021		December 31, 2020
	(in thousands)
Crude oil, natural gas and NGLs sales	$	343,022	$	178,147
Joint interest billings	21,257		35,396
Other	11,104		37,471
Allowance for doubtful accounts	(6,772)		(6,763)
Accounts receivable, net	$	368,611	$	244,251

Other Accrued Expenses. The following table presents the components of other accrued expenses as of the dates indicated:

	September 30, 2021		December 31, 2020
	(in thousands)
Employee benefits	$	24,106	$	23,304
Asset retirement obligations	33,875		33,933
Environmental expenses	11,992		10,139
Operating and finance leases	7,532		7,986
Other	8,015		6,353
Other accrued expenses	$	85,520	$	81,715

Other Liabilities. The following table presents the components of other liabilities as of the dates indicated:

	September 30, 2021		December 31, 2020
	(in thousands)
Deferred midstream gathering credits	$	162,112	$	168,478
Deferred oil gathering credits	16,583		18,090
Production taxes	87,170		65,592
Operating and finance leases	7,760		10,763
Other	751		1,111
Other liabilities	$	274,376	$	264,034

Deferred Midstream Gathering Credits. In the second quarter of 2019, concurrent with the sale of our Delaware Basin midstream assets, we entered into an agreement with each of the purchasers pursuant to which we dedicated the gathering of certain of our production and all water gathering and disposal volumes in the Delaware Basin. The terms of these agreements range from 15 to 22 years. The acreage dedication agreements resulted in initial cash receipts and are being amortized on a units-of-production basis. The amortization rates are assessed on an annual basis for changes in estimated future production.

Deferred Oil Gathering Credits. In 2018, we entered into an agreement that dedicates crude oil from the majority of our Wattenberg Field acreage to the midstream provider’s gathering lines and extends the term of the agreement through December 2029. The acreage dedication agreement resulted in an initial cash receipt and is being amortized on a units-of-production basis. The amortization rates are assessed on an annual basis for changes in estimated future production.

The following table presents the amortization charges recognized on the condensed consolidated statements of operations for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands)
Crude oil, natural gas and NGLs sales	$	—	$	—	$	—	$	368
Transportation, gathering and processing expense	2,014		2,038		5,343		4,499
Lease operating expense	732		686		1,817		1,458