CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 42,720
|
$ 117,315
|
| Accounts receivable, net |
101,553
|
78,786
|
| Derivative instruments |
22,727
|
433
|
| Prepaid and other current assets |
12,322
|
6,051
|
| Total current assets |
179,322
|
202,585
|
| Oil and natural gas properties, successful efforts method |
|
|
| Unproved properties |
1,838,303
|
1,952,680
|
| Proved properties |
2,101,875
|
1,602,002
|
| Accumulated depreciation, depletion and amortization |
(313,156)
|
(173,906)
|
| Total oil and natural gas properties, net |
3,627,022
|
3,380,776
|
| Other property and equipment, net |
7,388
|
5,465
|
| Total property and equipment, net |
3,634,410
|
3,386,241
|
| Noncurrent assets |
|
|
| Derivative instruments |
0
|
662
|
| Other noncurrent assets |
25,158
|
27,081
|
| Total assets |
3,838,890
|
3,616,569
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
200,583
|
199,533
|
| Derivative instruments |
0
|
240
|
| Other current liabilities |
529
|
0
|
| Total current liabilities |
201,112
|
199,773
|
| Noncurrent liabilities |
|
|
| Long-term debt, net |
421,154
|
390,764
|
| Asset retirement obligations |
12,663
|
12,161
|
| Deferred tax liability |
42,307
|
9,899
|
| Derivative instruments |
2,857
|
0
|
| Other long-term liabilities |
596
|
0
|
| Total liabilities |
680,689
|
612,597
|
| Shareholders’ equity |
|
|
| Commitments and contingencies (Note 12) |
|
|
| Additional paid-in capital |
2,819,052
|
2,767,558
|
| Retained earnings |
196,270
|
66,639
|
| Total shareholders’ equity |
3,015,350
|
2,834,225
|
| Noncontrolling interest |
142,851
|
169,747
|
| Total equity |
3,158,201
|
3,003,972
|
| Total liabilities and equity |
3,838,890
|
3,616,569
|
| Preferred Stock Series A |
|
|
| Shareholders’ equity |
|
|
| Preferred stock, $0.0001 par value, 620,000,000 shares authorized: Series A: 1 share issued and outstanding |
0
|
0
|
| Common Stock Class A |
|
|
| Shareholders’ equity |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
27
|
26
|
| Common Stock Class C |
|
|
| Shareholders’ equity |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
$ 1
|
$ 2
|