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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets:      
Cash and cash equivalents $ 137,788 $ 20,868  
Crude oil, natural gas, and natural gas liquids sales 1,313,538 1,122,415  
Joint interest and other 458,391 278,753  
Allowance for credit losses (5,514) (2,814)  
Receivables, net 1,766,415 1,398,354  
Derivative assets 39,280 22,334  
Inventories 173,264 105,568  
Prepaid expenses and other 27,508 17,266  
Total current assets 2,144,255 1,564,390  
Net property and equipment, based on successful efforts method of accounting 18,471,914 16,975,465  
Investment in unconsolidated affiliates 210,805 0  
Operating lease right-of-use assets 25,158 16,370  
Derivative assets, noncurrent 3,548 13,188  
Other noncurrent assets 22,670 21,698  
Total assets 20,878,350 18,591,111  
Current liabilities:      
Accounts payable trade 850,547 582,317  
Revenues and royalties payable 882,256 627,171  
Accrued liabilities and other 343,777 285,740  
Current portion of incentive compensation liability 125,653 0  
Current portion of income tax liabilities 152,149 0  
Derivative liabilities 88,136 899  
Current portion of operating lease liabilities 4,086 1,674  
Current portion of long-term debt 638,058 2,326  
Total current liabilities 3,084,662 1,500,127  
Long-term debt, net of current portion 7,571,582 6,826,566  
Other noncurrent liabilities:      
Deferred income tax liabilities, net 2,538,312 2,139,884  
Incentive compensation liability, net of current portion 100,066 0  
Asset retirement obligations, net of current portion 257,152 215,701 $ 177,194
Derivative liabilities, noncurrent 133,363 318  
Operating lease liabilities, net of current portion 20,055 13,800  
Other noncurrent liabilities 43,550 38,390  
Total other noncurrent liabilities 3,092,498 2,408,093  
Commitments and contingencies (Note 13)
Equity:      
Preferred stock, $0.01 par value; 25,000,000 shares authorized; no shares issued and outstanding 0 0  
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 299,610,267 shares issued and outstanding at December 31, 2022; 364,297,520 shares issued and outstanding at December 31, 2021; 2,996 3,643  
Additional paid-in capital 0 1,131,602  
Retained earnings 6,754,174 6,340,211  
Total shareholders’ equity attributable to Continental Resources 6,757,170 7,475,456  
Noncontrolling interests 372,438 380,869  
Total equity 7,129,608 7,856,325 $ 6,422,725
Total liabilities and equity $ 20,878,350 $ 18,591,111