Other Accrued Expenses and Other Liabilities (Notes)

6 Months Ended

Jun. 30, 2022

Accrued Liabilities and Other Liabilities [Abstract]

Other Income and Other Expense Disclosure [Text Block]

NOTE 7 - ACCOUNTS RECEIVABLE, OTHER ACCRUED EXPENSES AND OTHER LIABILITIES

Accounts Receivable. The following table presents the components of accounts receivable, net of allowance for doubtful accounts, as of the dates indicated:

	June 30, 2022		December 31, 2021
	(in thousands)
Crude oil, natural gas and NGLs sales	$	683,787	$	368,991
Joint interest billings	30,766		24,860
Other	15,069		10,809
Allowance for doubtful accounts	(6,207)		(6,055)
Accounts receivable, net	$	723,415	$	398,605

Other Accrued Expenses. The following table presents the components of other accrued expenses as of the dates indicated:

	June 30, 2022		December 31, 2021
	(in thousands)
Employee benefits	$	18,801	$	29,319
Asset retirement obligations	31,913		32,146
Environmental expenses	13,342		11,942
Operating and finance leases	7,189		7,197
Other	13,776		10,805
Other accrued expenses	$	85,021	$	91,409

Other Liabilities. The following table presents the components of other liabilities as of the dates indicated:

	June 30, 2022		December 31, 2021
	(in thousands)
Deferred midstream gathering credits	$	154,700	$	159,788
Deferred oil gathering credits	15,075		16,080
Production taxes	154,895		131,865
Operating and finance leases	33,602		6,274
Other	2,883		762
Other liabilities	$	361,155	$	314,769

Deferred Midstream Gathering Credits. In 2019, we entered into agreements pursuant to which we dedicated the gathering of certain of our production and all water gathering and disposal volumes in the Delaware Basin. The terms of these

agreements range from 15 to 22 years. The acreage dedication agreements resulted in initial cash receipts and are being amortized on a units-of-production basis. The amortization rates are assessed on an annual basis for changes in estimated future production.

Deferred Oil Gathering Credits. In 2018, we entered into an agreement that dedicates crude oil from the majority of our Wattenberg Field acreage to the midstream provider’s gathering lines and extends the term of the agreement through December 2029. The acreage dedication agreement resulted in an initial cash receipt and is being amortized on a units-of-production basis. The amortization rates are assessed on an annual basis for changes in estimated future production.

The following table presents the amortization charges related to our deferred credits recognized on the condensed consolidated statements of operations for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(in thousands)
Transportation, gathering and processing expense	$	2,228	$	1,779	$	4,222	$	3,300
Lease operating expense	859		647		1,467		1,085