Nature of operations and summary of significant accounting policies (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2017 |
Dec. 31, 2016 |
| Accounting Policies [Abstract] |
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|
| Components of accounts receivable |
Accounts receivable consisted of the following at March 31,
2017, and December 31, 2016:
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Successor |
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Predecessor |
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March 31, |
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December 31, |
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| |
|
2017 |
|
|
2016 |
|
|
Joint interests
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|
$ |
13,304 |
|
|
$ |
13,818 |
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|
Accrued commodity sales
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|
|
32,460 |
|
|
|
31,304 |
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|
Derivative settlements
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|
|
3,231 |
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|
|
— |
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Other
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|
|
2,016 |
|
|
|
1,657 |
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Allowance for doubtful accounts
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|
(593 |
) |
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|
(553 |
) |
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|
$ |
50,418 |
|
|
$ |
46,226 |
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Accounts receivable consisted of the following at
December 31:
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| |
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2016 |
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|
2015 |
|
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Joint interests
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|
$ |
13,818 |
|
|
$ |
14,149 |
|
|
Accrued commodity sales
|
|
|
31,304 |
|
|
|
21,645 |
|
|
Derivative settlements
|
|
|
— |
|
|
|
40,380 |
|
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Other
|
|
|
1,657 |
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|
|
3,329 |
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Allowance for doubtful accounts
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|
|
(553 |
) |
|
|
(503 |
) |
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|
|
|
|
|
|
|
|
|
$ |
46,226 |
|
|
$ |
79,000 |
|
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|
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|
|
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| Components of inventory |
Inventories consisted of the following at March 31, 2017, and
December 31, 2016:
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| |
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Successor |
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Predecessor |
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| |
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March 31, |
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December 31, |
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| |
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2017 |
|
|
2016 |
|
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Equipment inventory
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|
$ |
5,326 |
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|
$ |
8,165 |
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Commodities
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|
|
1,521 |
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|
1,418 |
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|
Inventory valuation allowance
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|
|
— |
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|
(2,232 |
) |
|
|
|
|
|
|
|
|
|
|
|
$ |
6,847 |
|
|
$ |
7,351 |
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|
|
|
|
|
|
|
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Inventories consisted of the following at December 31:
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| |
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2016 |
|
|
2015 |
|
|
Equipment inventory
|
|
$ |
8,165 |
|
|
$ |
11,470 |
|
|
Commodities
|
|
|
1,418 |
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|
1,698 |
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|
Inventory valuation allowance
|
|
|
(2,232 |
) |
|
|
(839 |
) |
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|
|
|
|
|
|
|
|
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$ |
7,351 |
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|
$ |
12,329 |
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| Components of cost reduction initiatives expense |
The expense consists of costs for one-time severance and
termination benefits in connection with our reductions in force and
third party legal and professional services we have engaged to
assist in our cost savings initiatives as follows:
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Successor |
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Predecessor |
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Period from
March 22,
2017
through
March 31,
2017 |
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Period from
January 1,
2017
through
March 21,
2017 |
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|
Three months
ended
March 31,
2016 |
|
|
One-time severance and termination benefits
|
|
$ |
1 |
|
|
$ |
608 |
|
|
$ |
3,036 |
|
|
Professional fees
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|
5 |
|
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|
21 |
|
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|
89 |
|
|
|
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Total cost reduction initiatives expense
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|
$ |
6 |
|
|
$ |
629 |
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|
$ |
3,125 |
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|
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|
The expense consists of costs for one-time severance and
termination benefits in connection with our reductions in force and
third party legal and professional services we have engaged to
assist in our cost savings initiatives as follows:
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Year ended
December 31, |
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| |
|
2016 |
|
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2015 |
|
|
2014 |
|
|
One-time severance and termination benefits
|
|
$ |
2,772 |
|
|
$ |
7,757 |
|
|
$ |
— |
|
|
Professional fees
|
|
|
107 |
|
|
|
2,271 |
|
|
|
— |
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|
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|
|
|
|
|
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|
Total cost reduction initiatives expense
|
|
$ |
2,879 |
|
|
$ |
10,028 |
|
|
$ |
— |
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| Adjustments to inventory |
|
These adjustments are reflected in “Loss on impairment of
other assets” in our consolidated statements of
operations.
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Year ended
December 31, |
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| |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Inventory - lower of cost or market adjustment
|
|
$ |
1,393 |
|
|
$ |
10,192 |
|
|
$ |
— |
|
|
| Schedule Of Estimated Useful Lives for Property and Equipment |
|
Estimated useful lives of our assets are as follows:
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Furniture and fixtures
|
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|
10 years |
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Automobiles and trucks
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5 years |
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Machinery and equipment
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|
10 — 20 years |
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|
Office and computer equipment
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|
5 — 10 years |
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|
Building and improvements
|
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|
10 — 40 years |
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