CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Sep. 30, 2019 |
Dec. 31, 2018 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 10,933
|
$ 18,157
|
| Accounts receivable, net |
141,312
|
100,623
|
| Derivative instruments |
0
|
1,632
|
| Prepaid and other current assets |
8,931
|
9,777
|
| Total current assets |
161,176
|
130,189
|
| Oil and natural gas properties, successful efforts method |
|
|
| Unproved properties |
1,515,458
|
1,680,065
|
| Proved properties |
3,704,555
|
2,895,280
|
| Accumulated depreciation, depletion and amortization |
(809,979)
|
(496,900)
|
| Total oil and natural gas properties, net |
4,410,034
|
4,078,445
|
| Other property and equipment, net |
14,799
|
8,837
|
| Total property and equipment, net |
4,424,833
|
4,087,282
|
| Noncurrent assets |
|
|
| Operating lease right-of-use assets |
17,182
|
0
|
| Other noncurrent assets |
42,940
|
42,550
|
| TOTAL ASSETS |
4,646,131
|
4,260,021
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
267,962
|
240,575
|
| Derivative instruments |
4,433
|
6,051
|
| Operating lease liabilities |
14,151
|
0
|
| Other current liabilities |
942
|
1,090
|
| Total current liabilities |
287,488
|
247,716
|
| Noncurrent liabilities |
|
|
| Long-term debt, net |
1,001,867
|
691,630
|
| Asset retirement obligations |
14,629
|
13,895
|
| Deferred income taxes |
84,471
|
62,167
|
| Operating lease liabilities |
3,862
|
0
|
| Other long-term liabilities |
0
|
744
|
| Total liabilities |
1,392,317
|
1,016,152
|
| Commitments and contingencies (Note 11) |
|
|
| Shareholders’ equity |
|
|
| Additional paid-in capital |
2,967,149
|
2,833,611
|
| Retained earnings |
272,718
|
266,538
|
| Total shareholders’ equity |
3,239,895
|
3,100,177
|
| Noncontrolling interest |
13,919
|
143,692
|
| Total equity |
3,253,814
|
3,243,869
|
| TOTAL LIABILITIES AND EQUITY |
4,646,131
|
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: |
28
|
27
|
| Convertible Class C |
|
|
| Shareholders’ equity |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
$ 0
|
$ 1
|