CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 89,482
|
$ 18,157
|
| Accounts receivable, net |
114,119
|
100,623
|
| Derivative instruments |
936
|
1,632
|
| Prepaid and other current assets |
9,871
|
9,777
|
| Total current assets |
214,408
|
130,189
|
| Oil and natural gas properties, successful efforts method |
|
|
| Unproved properties |
1,623,607
|
1,680,065
|
| Proved properties |
3,148,553
|
2,895,280
|
| Accumulated depreciation, depletion and amortization |
(587,349)
|
(496,900)
|
| Total oil and natural gas properties, net |
4,184,811
|
4,078,445
|
| Other property and equipment, net |
9,861
|
8,837
|
| Total property and equipment, net |
4,194,672
|
4,087,282
|
| Noncurrent assets |
|
|
| Operating lease right-of-use assets |
28,274
|
|
| Other noncurrent assets |
41,192
|
42,550
|
| TOTAL ASSETS |
4,478,546
|
4,260,021
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
241,240
|
240,575
|
| Derivative instruments |
10,849
|
6,051
|
| Operating lease liabilities |
21,339
|
|
| Other current liabilities |
1,007
|
1,090
|
| Total current liabilities |
274,435
|
247,716
|
| Noncurrent liabilities |
|
|
| Long-term debt, net |
880,855
|
691,630
|
| Asset retirement obligations |
13,890
|
13,895
|
| Deferred income taxes |
59,904
|
62,167
|
| Operating lease liabilities |
7,938
|
|
| Other long-term liabilities |
0
|
744
|
| Total liabilities |
1,237,022
|
1,016,152
|
| Commitments and contingencies (Note 10) |
|
|
| Shareholders’ equity |
|
|
| Additional paid-in capital |
2,839,803
|
2,833,611
|
| Retained earnings |
258,426
|
266,538
|
| Total shareholders’ equity |
3,098,257
|
3,100,177
|
| Noncontrolling interest |
143,267
|
143,692
|
| Total equity |
3,241,524
|
3,243,869
|
| TOTAL LIABILITIES AND EQUITY |
4,478,546
|
4,260,021
|
| Preferred Stock Series A |
|
|
| Shareholders’ equity |
|
|
| Preferred stock, $0.0001 par value, 1,000,000 shares authorized: |
0
|
0
|
| Class A |
|
|
| Shareholders’ equity |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
27
|
27
|
| Convertible Class C |
|
|
| Shareholders’ equity |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
$ 1
|
$ 1
|