Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands |
Sep. 30, 2017 |
Dec. 31, 2016 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 2,581
|
$ 134,083
|
| Accounts receivable, net |
50,207
|
14,734
|
| Derivative instruments |
383
|
431
|
| Prepaid and other current assets |
6,104
|
2,078
|
| Total current assets |
59,275
|
151,326
|
| Oil and natural gas properties, successful efforts method |
|
|
| Unproved properties |
2,008,902
|
1,905,661
|
| Proved properties |
1,306,873
|
605,853
|
| Accumulated depreciation, depletion and amortization |
(115,343)
|
(14,436)
|
| Total oil and natural gas properties, net |
3,200,432
|
2,497,078
|
| Other property and equipment, net |
3,897
|
2,193
|
| Total property and equipment, net |
3,204,329
|
2,499,271
|
| Noncurrent assets |
|
|
| Derivative instruments |
242
|
0
|
| Other noncurrent assets |
10,766
|
1,045
|
| Total assets |
3,274,612
|
2,651,642
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
136,495
|
86,100
|
| Derivative instruments |
450
|
5,361
|
| Total current liabilities |
136,945
|
91,461
|
| Noncurrent liabilities |
|
|
| Revolving credit facility |
165,000
|
0
|
| Asset retirement obligations |
9,328
|
7,226
|
| Deferred tax liability |
17,302
|
0
|
| Derivative instruments |
0
|
20
|
| Total liabilities |
328,575
|
98,707
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
|
|
| Additional paid-in capital |
2,704,298
|
2,364,049
|
| Retained earnings (accumulated deficit) |
36,103
|
(8,929)
|
| Total shareholders’ equity |
2,740,429
|
2,355,142
|
| Noncontrolling interest |
205,608
|
197,793
|
| Total equity |
2,946,037
|
2,552,935
|
| Total liabilities and shareholders’ equity |
3,274,612
|
2,651,642
|
| Preferred Stock Series A |
|
|
| Preferred stock, $0.0001 par value, 1,000,000 shares authorized: |
|
|
| Preferred stock |
0
|
0
|
| Series B Preferred Stock |
|
|
| Preferred stock, $0.0001 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
|