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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2020
Current assets:      
Cash and cash equivalents $ 26,397 $ 137,788  
Crude oil, natural gas, and natural gas liquids sales 1,196,262 1,313,538  
Joint interest and other 350,907 458,391  
Allowance for credit losses (3,172) (5,514)  
Receivables, net 1,543,997 1,766,415  
Derivative assets 353,261 39,280  
Inventories 190,762 173,264  
Prepaid expenses and other 33,450 27,508  
Total current assets 2,147,867 2,144,255  
Net property and equipment, based on successful efforts method of accounting 19,786,889 18,471,914  
Investment in unconsolidated affiliates 240,484 210,805  
Operating lease right-of-use assets 38,656 25,158  
Derivative assets, noncurrent 155,252 3,548  
Other noncurrent assets 18,293 22,670  
Total assets 22,387,441 20,878,350  
Current liabilities:      
Accounts payable trade 835,012 850,547  
Revenues and royalties payable 768,381 882,256  
Accrued liabilities and other 354,537 343,777  
Current portion of incentive compensation liability 130,583 125,653  
Current portion of income tax liabilities 84,556 152,149  
Derivative liabilities 0 88,136  
Current portion of operating lease liabilities 18,112 4,086  
Current portion of long-term debt 895,105 638,058  
Total current liabilities 3,086,286 3,084,662  
Long-term debt, net of current portion 5,734,007 7,571,582  
Other noncurrent liabilities:      
Deferred income tax liabilities, net 2,867,283 2,538,312  
Incentive compensation liability, noncurrent 41,707 100,066  
Asset retirement obligations, noncurrent 391,957 257,152  
Derivative liabilities, noncurrent 586 133,363  
Operating lease liabilities, noncurrent 19,482 20,055  
Other noncurrent liabilities 36,346 43,550  
Total other noncurrent liabilities 3,357,361 3,092,498  
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, 2023 and 2022; 2,996 2,996  
Retained earnings 9,850,687 6,754,174  
Total shareholders’ equity attributable to Continental Resources 9,853,683 6,757,170  
Noncontrolling interests 356,104 372,438  
Total equity 10,209,787 7,129,608 $ 6,422,725
Total liabilities and equity $ 22,387,441 $ 20,878,350