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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 9,106 $ 18,179
Royalty income receivable (net of allowance for credit losses) 83,038 81,657
Royalty income receivable—related party 36,324 6,260
Derivative instruments 1,357 9,328
Other current assets 3,445 3,196
Total current assets 133,270 118,620
Property:    
Oil and natural gas interests, full cost method of accounting ($1,262,269 and $1,297,221 excluded from depletion at March 31, 2023 and December 31, 2022, respectively) 3,582,601 3,464,819
Land 5,688 5,688
Accumulated depletion and impairment (751,221) (720,234)
Property, net 2,837,068 2,750,273
Derivative instruments 0 442
Deferred income taxes (net of allowances) 49,228 49,656
Other assets 170 1,382
Total assets 3,019,736 2,920,373
Current liabilities:    
Accounts payable 436 1,129
Accounts payable—related party 0 306
Accrued liabilities 17,759 19,600
Derivative instruments 2,099 0
Income taxes payable 9,477 911
Total current liabilities 29,771 21,946
Long-term debt, net 695,154 576,895
Derivative instruments 2,383 7
Total liabilities 727,308 598,848
Commitments and contingencies
Unitholders’ equity:    
General Partner 629 649
Common units (72,118,622 units issued and outstanding as of March 31, 2023 and 73,229,645 units issued and outstanding as of December 31, 2022) 666,259 689,178
Class B units (90,709,946 units issued and outstanding as of March 31, 2023 and December 31, 2022) 807 832
Total Viper Energy Partners LP unitholders’ equity 667,695 690,659
Non-controlling interest 1,624,733 1,630,866
Total equity 2,292,428 2,321,525
Total liabilities and unitholders’ equity $ 3,019,736 $ 2,920,373