Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 40,271	$ 3,602
Royalty income receivable (net of allowance for doubtful accounts)	37,960	58,089
Royalty income receivable—related party	0	10,576
Derivative instruments	776	0
Other current assets	334	397
Total current assets	79,341	72,664
Property:
Oil and natural gas interests, full cost method of accounting ($1,587,992 and $1,551,767 excluded from depletion at March 31, 2020 and December 31, 2019, respectively)	2,933,085	2,868,459
Land	5,688	5,688
Accumulated depletion and impairment	(351,116)	(326,474)
Property, net	2,587,657	2,547,673
Derivative instruments	62	0
Deferred tax asset (net of allowance)	0	142,466
Other assets	12,421	22,823
Total assets	2,679,481	2,785,626
Current liabilities:
Accounts payable	324	0
Accounts payable—related party	0	150
Accrued liabilities	16,623	13,282
Derivative instruments	7,362	0
Total current liabilities	24,309	13,432
Long-term debt, net	664,040	586,774
Derivative instruments	965	0
Total liabilities	689,314	600,206
Commitments and contingencies (Note 14)
Unitholders’ equity:
General partner	869	889
Common units (67,831,342 units issued and outstanding as of March 31, 2020 and 67,805,707 units issued and outstanding as of December 31, 2019)	756,408	929,116
Class B units (90,709,946 units issued and outstanding March 31, 2020 and December 31, 2019)	1,105	1,130
Total Viper Energy Partners LP unitholders’ equity	758,382	931,135
Non-controlling interest	1,231,785	1,254,285
Total equity	1,990,167	2,185,420
Total liabilities and unitholders’ equity	$ 2,679,481	$ 2,785,626