CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Dec. 31, 2018 |
Dec. 31, 2017 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 18,157
|
$ 117,315
|
| Accounts receivable, net |
100,623
|
78,786
|
| Derivative instruments |
1,632
|
433
|
| Prepaid and other current assets |
9,777
|
6,051
|
| Total current assets |
130,189
|
202,585
|
| Oil and natural gas properties, successful efforts method |
|
|
| Unproved properties |
1,680,065
|
1,952,680
|
| Proved properties |
2,895,280
|
1,602,002
|
| Accumulated depreciation, depletion and amortization |
(496,900)
|
(173,906)
|
| Total oil and natural gas properties, net |
4,078,445
|
3,380,776
|
| Other property and equipment, net |
8,837
|
5,465
|
| Total property and equipment, net |
4,087,282
|
3,386,241
|
| Noncurrent assets |
|
|
| Derivative instruments |
0
|
662
|
| Other noncurrent assets |
42,550
|
27,081
|
| TOTAL ASSETS |
4,260,021
|
3,616,569
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
240,575
|
199,533
|
| Derivative instruments |
6,051
|
240
|
| Other current liabilities |
1,090
|
0
|
| Total current liabilities |
247,716
|
199,773
|
| Noncurrent liabilities |
|
|
| Long-term debt, net |
691,630
|
390,764
|
| Asset retirement obligations |
13,895
|
12,161
|
| Deferred income taxes |
62,167
|
9,899
|
| Other long-term liabilities |
744
|
0
|
| Total liabilities |
1,016,152
|
612,597
|
| Commitments and contingencies (Note 14) |
|
|
| Shareholders’ Equity |
|
|
| Additional paid-in capital |
2,833,611
|
2,767,558
|
| Retained earnings |
266,538
|
66,639
|
| Total shareholders’ equity |
3,100,177
|
2,834,225
|
| Noncontrolling interest |
143,692
|
169,747
|
| Total equity |
3,243,869
|
3,003,972
|
| TOTAL LIABILITIES AND EQUITY |
4,260,021
|
3,616,569
|
| Series A Preferred Stock |
|
|
| Shareholders’ Equity |
|
|
| Preferred stock |
0
|
0
|
| Common Class A |
|
|
| Shareholders’ Equity |
|
|
| Common stock |
27
|
26
|
| Class C |
|
|
| Shareholders’ Equity |
|
|
| Common stock |
$ 1
|
$ 2
|