Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands |
Jun. 30, 2017 |
Dec. 31, 2016 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 0
|
$ 134,083
|
| Accounts receivable, net |
34,809
|
14,734
|
| Derivative instruments |
1,516
|
431
|
| Prepaid and other current assets |
2,431
|
2,078
|
| Total current assets |
38,756
|
151,326
|
| Oil and natural gas properties, successful efforts method |
|
|
| Unproved properties |
2,122,262
|
1,905,661
|
| Proved properties |
1,006,202
|
605,853
|
| Accumulated depreciation, depletion and amortization |
(73,687)
|
(14,436)
|
| Total oil and natural gas properties, net |
3,054,777
|
2,497,078
|
| Other property and equipment, net |
3,647
|
2,193
|
| Total property and equipment, net |
3,058,424
|
2,499,271
|
| Noncurrent assets |
|
|
| Derivative instruments |
131
|
0
|
| Other noncurrent assets |
1,258
|
1,045
|
| Total assets |
3,098,569
|
2,651,642
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
119,508
|
86,100
|
| Derivative instruments |
185
|
5,361
|
| Total current liabilities |
119,693
|
91,461
|
| Noncurrent liabilities |
|
|
| Revolving credit facility |
35,000
|
0
|
| Asset retirement obligations |
8,855
|
7,226
|
| Deferred tax liability |
9,069
|
0
|
| Derivative instruments |
0
|
20
|
| Total liabilities |
172,617
|
98,707
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
|
|
| Additional paid-in capital |
2,700,473
|
2,364,049
|
| Retained earnings (accumulated deficit) |
21,656
|
(8,929)
|
| Total shareholders’ equity |
2,722,157
|
2,355,142
|
| Noncontrolling interest |
203,795
|
197,793
|
| Total equity |
2,925,952
|
2,552,935
|
| Total liabilities and shareholders’ equity |
3,098,569
|
2,651,642
|
| Preferred Stock Series A |
|
|
| Preferred stock, $.0001 par value, 1,000,000 shares authorized: |
|
|
| Preferred stock |
0
|
0
|
| Series B Preferred Stock |
|
|
| Preferred stock, $.0001 par value, 1,000,000 shares authorized: |
|
|
| Preferred stock |
0
|
0
|
| Common Stock Class A |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
|
|
| Common stock |
26
|
20
|
| Common Stock Class C |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
|
|
| Common stock |
$ 2
|
$ 2
|