CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Dec. 31, 2019 |
Dec. 31, 2018 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 10,223
|
$ 18,157
|
| Accounts receivable, net |
101,912
|
100,623
|
| Derivative instruments |
0
|
1,632
|
| Prepaid and other current assets |
7,994
|
9,777
|
| Total current assets |
120,129
|
130,189
|
| Oil and natural gas properties, successful efforts method |
|
|
| Unproved properties |
1,470,903
|
1,680,065
|
| Proved properties |
3,962,175
|
2,895,280
|
| Accumulated depreciation, depletion and amortization |
(931,737)
|
(496,900)
|
| Total oil and natural gas properties, net |
4,501,341
|
4,078,445
|
| Other property and equipment, net |
14,612
|
8,837
|
| Total property and equipment, net |
4,515,953
|
4,087,282
|
| Operating Lease, Right-of-Use Asset |
11,841
|
0
|
| Noncurrent assets |
|
|
| Other noncurrent assets |
40,365
|
42,550
|
| TOTAL ASSETS |
4,688,288
|
4,260,021
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
244,309
|
240,575
|
| Derivative instruments |
325
|
6,051
|
| Operating Lease, Liability, Current |
9,232
|
0
|
| Other current liabilities |
600
|
1,090
|
| Total current liabilities |
254,466
|
247,716
|
| Noncurrent liabilities |
|
|
| Long-term debt, net |
1,057,389
|
691,630
|
| Asset retirement obligations |
16,874
|
13,895
|
| Deferred income taxes |
85,504
|
62,167
|
| Operating Lease, Liability, Noncurrent |
3,354
|
0
|
| Other long-term liabilities |
0
|
744
|
| Total liabilities |
1,417,587
|
1,016,152
|
| Commitments and contingencies (Note 13) |
|
|
| Shareholders’ equity |
|
|
| Additional paid-in capital |
2,975,756
|
2,833,611
|
| Retained earnings |
282,336
|
266,538
|
| Total shareholders’ equity |
3,258,120
|
3,100,177
|
| Noncontrolling interest |
12,581
|
143,692
|
| Total equity |
3,270,701
|
3,243,869
|
| TOTAL LIABILITIES AND EQUITY |
4,688,288
|
4,260,021
|
| Series A Preferred Stock |
|
|
| Shareholders’ equity |
|
|
| Preferred stock |
0
|
0
|
| Common Class A |
|
|
| Shareholders’ equity |
|
|
| Common stock |
28
|
27
|
| Class C |
|
|
| Shareholders’ equity |
|
|
| Common stock |
$ 0
|
$ 1
|