XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 146,814 $ 18,179
Derivative instruments 0 9,328
Other current assets 4,081 3,196
Total current assets 262,130 118,620
Property:    
Oil and natural gas interests, full cost method of accounting ($1,151,711 and $1,297,221 excluded from depletion at September 30, 2023 and December 31, 2022, respectively) 3,592,768 3,464,819
Land 5,688 5,688
Accumulated depletion and impairment (821,565) (720,234)
Property, net 2,776,891 2,750,273
Funds held in escrow 50,000 0
Derivative instruments 0 442
Deferred income taxes (net of allowances) 48,768 49,656
Other assets 5,577 1,382
Total assets 3,143,366 2,920,373
Current liabilities:    
Accrued liabilities 24,688 19,600
Derivative instruments 9,284 0
Income taxes payable 13,322 911
Total current liabilities 47,491 21,946
Long-term debt, net 675,681 576,895
Derivative instruments 1,619 7
Total liabilities 724,791 598,848
Commitments and contingencies
Unitholders’ equity:    
General Partner 589 649
Common units (70,861,557 units issued and outstanding as of September 30, 2023 and 73,229,645 units issued and outstanding as of December 31, 2022) 712,728 689,178
Class B units (90,709,946 units issued and outstanding as of September 30, 2023 and December 31, 2022) 757 832
Total Viper Energy Partners LP unitholders’ equity 714,074 690,659
Non-controlling interest 1,704,501 1,630,866
Total equity 2,418,575 2,321,525
Total liabilities and unitholders’ equity 3,143,366 2,920,373
Nonrelated Party    
Current assets:    
Royalty income receivable (net of allowance for credit losses) 103,804 81,657
Current liabilities:    
Accounts payable 197 1,129
Related Party    
Current assets:    
Royalty income receivable (net of allowance for credit losses) 7,431 6,260
Current liabilities:    
Accounts payable $ 0 $ 306