CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands |
Mar. 31, 2018 |
Dec. 31, 2017 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 38,224
|
$ 117,315
|
| Accounts receivable, net |
108,431
|
78,786
|
| Derivative instruments |
7,148
|
433
|
| Prepaid and other current assets |
12,521
|
6,051
|
| Total current assets |
166,324
|
202,585
|
| Oil and natural gas properties, successful efforts method |
|
|
| Unproved properties |
1,881,979
|
1,952,680
|
| Proved properties |
1,855,890
|
1,602,002
|
| Accumulated depreciation, depletion and amortization |
(238,676)
|
(173,906)
|
| Total oil and natural gas properties, net |
3,499,193
|
3,380,776
|
| Other property and equipment, net |
6,251
|
5,465
|
| Total property and equipment, net |
3,505,444
|
3,386,241
|
| Noncurrent assets |
|
|
| Derivative instruments |
1,188
|
662
|
| Other noncurrent assets |
19,607
|
27,081
|
| Total assets |
3,692,563
|
3,616,569
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
180,048
|
199,533
|
| Derivative instruments |
0
|
240
|
| Other current liabilities |
483
|
0
|
| Total current liabilities |
180,531
|
199,773
|
| Noncurrent liabilities |
|
|
| Long-term debt, net |
390,921
|
390,764
|
| Asset retirement obligations |
12,356
|
12,161
|
| Deferred tax liability |
22,367
|
9,899
|
| Other long-term liabilities |
670
|
0
|
| Total liabilities |
606,845
|
612,597
|
| Shareholders’ equity |
|
|
| Commitments and contingencies (Note 12) |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
|
|
| Additional paid-in capital |
2,814,051
|
2,767,558
|
| Retained earnings |
132,729
|
66,639
|
| Total shareholders’ equity |
2,946,808
|
2,834,225
|
| Noncontrolling interest |
138,910
|
169,747
|
| Total equity |
3,085,718
|
3,003,972
|
| Total liabilities and equity |
3,692,563
|
3,616,569
|
| Preferred Stock Series A |
|
|
| 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 |
27
|
26
|
| Common Stock Class C |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
|
|
| Common stock |
$ 1
|
$ 2
|