CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands |
Jun. 30, 2020 |
Dec. 31, 2019 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 7,214
|
$ 10,223
|
| Accounts receivable, net |
64,095
|
101,912
|
| Prepaid and other current assets |
6,319
|
7,994
|
| Total current assets |
77,628
|
120,129
|
| Oil and natural gas properties, successful efforts method |
|
|
| Unproved properties |
1,328,022
|
1,470,903
|
| Proved properties |
4,270,397
|
3,962,175
|
| Accumulated depreciation, depletion and amortization |
(1,715,604)
|
(931,737)
|
| Total oil and natural gas properties, net |
3,882,815
|
4,501,341
|
| Other property and equipment, net |
13,765
|
14,612
|
| Total property and equipment, net |
3,896,580
|
4,515,953
|
| Noncurrent assets |
|
|
| Operating lease right-of-use assets |
4,801
|
11,841
|
| Other noncurrent assets |
41,877
|
40,365
|
| TOTAL ASSETS |
4,020,886
|
4,688,288
|
| Current liabilities |
|
|
| Accounts payable and accrued expenses |
122,360
|
244,309
|
| Derivative instruments |
31,740
|
325
|
| Operating lease liabilities |
3,591
|
9,232
|
| Other current liabilities |
170
|
600
|
| Total current liabilities |
157,861
|
254,466
|
| Noncurrent liabilities |
|
|
| Long-term debt, net |
1,106,043
|
1,057,389
|
| Asset retirement obligations |
18,067
|
16,874
|
| Deferred income taxes |
2,589
|
85,504
|
| Operating lease liabilities |
1,783
|
3,354
|
| Total liabilities |
1,286,343
|
1,417,587
|
| Commitments and contingencies (Note 11) |
|
|
| Shareholders’ equity |
|
|
| Additional paid-in capital |
2,994,832
|
2,975,756
|
| Retained earnings (accumulated deficit) |
(260,317)
|
282,336
|
| Total shareholders’ equity |
2,734,543
|
3,258,120
|
| Noncontrolling interest |
0
|
12,581
|
| Total equity |
2,734,543
|
3,270,701
|
| TOTAL LIABILITIES AND EQUITY |
4,020,886
|
4,688,288
|
| 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
|
28
|
| Convertible Class C |
|
|
| Shareholders’ equity |
|
|
| Common stock, $0.0001 par value, 620,000,000 shares authorized: |
$ 0
|
$ 0
|