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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 13,963 $ 137,788
Receivables:    
Crude oil, natural gas, and natural gas liquids sales 1,049,728 1,313,538
Joint interest and other 515,106 458,391
Allowance for credit losses (4,049) (5,514)
Receivables, net 1,560,785 1,766,415
Derivative assets 246,684 39,280
Inventories 196,740 173,264
Prepaid expenses and other 33,643 27,508
Total current assets 2,051,815 2,144,255
Net property and equipment, based on successful efforts method of accounting 19,455,143 18,471,914
Investment in unconsolidated affiliates 227,223 210,805
Operating lease right-of-use assets 24,307 25,158
Derivative assets, noncurrent 37,016 3,548
Other noncurrent assets 18,240 22,670
Total assets 21,813,744 20,878,350
Current liabilities:    
Accounts payable trade 906,856 850,547
Revenues and royalties payable 658,164 882,256
Accrued liabilities and other 279,457 343,777
Current portion of incentive compensation liability 87,636 125,653
Current portion of income tax liabilities 57,048 152,149
Derivative liabilities 0 88,136
Current portion of operating lease liabilities 4,932 4,086
Current portion of long-term debt 894,452 638,058
Total current liabilities 2,888,545 3,084,662
Long-term debt, net of current portion 7,143,076 7,571,582
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,720,305 2,538,312
Incentive compensation liability, noncurrent 22,331 100,066
Asset retirement obligations, noncurrent 262,697 257,152
Derivative liabilities, noncurrent 31,875 133,363
Operating lease liabilities, noncurrent 18,363 20,055
Other noncurrent liabilities 31,107 43,550
Total other noncurrent liabilities 3,086,678 3,092,498
Commitments and contingencies (Note 9)
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 June 30, 2023; 299,610,267 shares issued and outstanding at December 31, 2022; 2,996 2,996
Retained earnings 8,329,936 6,754,174
Total shareholders’ equity attributable to Continental Resources 8,332,932 6,757,170
Noncontrolling interests 362,513 372,438
Total Equity 8,695,445 7,129,608
Total liabilities and equity $ 21,813,744 $ 20,878,350