CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

v3.19.1

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2019
Condensed Financial Information Disclosure [Abstract]
CONDENSED CONSOLIDATING BALANCE SHEETS	CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)   March 31, 2019   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated Assets                   Current assets:                   Cash and cash equivalents $ 7,040   $ 10,955   $ 1   $ —   $ 17,996 Accounts receivable - oil and natural gas sales 93,698   51,298   —   —   144,996 Accounts receivable - joint interest and other 12,084   12,496   —   —   24,580 Accounts receivable - intercompany 694,036   388,797   —   (1,082,833 )   — Prepaid expenses and other current assets 11,412   1,148   —   —   12,560 Short-term derivative instruments 17,958   —   —   —   17,958 Total current assets 836,228   464,694   1   (1,082,833 )   218,090                     Property and equipment:                   Oil and natural gas properties, full-cost accounting 7,238,631   3,074,222   —   (729 )   10,312,124 Other property and equipment 92,135   4,069   —   —   96,204 Accumulated depletion, depreciation, amortization and impairment (4,757,774 )   (40 )   —   —   (4,757,814 ) Property and equipment, net 2,572,992   3,078,251   —   (729 )   5,650,514 Other assets:                   Equity investments and investments in subsidiaries 2,963,629   —   48,004   (2,767,514 )   244,119 Inventories 9,264   1,754   —   —   11,018 Operating lease assets 29,795   —   —   —   29,795 Operating lease assets - related parties 58,659   —   —   —   58,659 Other assets 12,187   1,127   —   —   13,314 Total other assets 3,073,534   2,881   48,004   (2,767,514 )   356,905   Total assets $ 6,482,754   $ 3,545,826   $ 48,005   $ (3,851,076 )   $ 6,225,509                     Liabilities and Stockholders’ Equity                   Current liabilities:                   Accounts payable and accrued liabilities $ 449,459   $ 118,725   $ —   $ —   $ 568,184 Accounts payable - intercompany 388,879   693,826   129   (1,082,834 )   — Short-term derivative instruments 25,921   —   —   —   25,921 Current portion of operating lease liabilities 27,983   —   —   —   27,983 Current portion of operating lease liabilities - related parties 20,618   —   —   —   20,618 Current maturities of long-term debt 656   —   —   —   656 Total current liabilities 913,516   812,551   129   (1,082,834 )   643,362 Long-term derivative instruments 287   —   —   —   287 Asset retirement obligation - long-term 69,991   12,909   —   —   82,900 Deferred tax liability 3,127   —   —   —   3,127 Non-current operating lease liabilities 1,812   —   —   —   1,812 Non-current operating lease liabilities - related parties 38,041   —   —   —   38,041 Long-term debt, net of current maturities 2,087,714   —   —   —   2,087,714 Total liabilities 3,114,488   825,460   129   (1,082,834 )   2,857,243                     Stockholders’ equity:                   Common stock 1,594   —   —   —   1,594 Paid-in capital 4,202,023   1,915,598   262,059   (2,177,657 )   4,202,023 Accumulated other comprehensive loss (52,225 )   —   (50,076 )   50,076   (52,225 ) (Accumulated deficit) retained earnings (783,126 )   804,768   (164,107 )   (640,661 )   (783,126 ) Total stockholders’ equity 3,368,266   2,720,366   47,876   (2,768,242 )   3,368,266   Total liabilities and stockholders’ equity $ 6,482,754   $ 3,545,826   $ 48,005   $ (3,851,076 )   $ 6,225,509 CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)   December 31, 2018   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated Assets                   Current assets:                   Cash and cash equivalents $ 25,585   $ 26,711   $ 1   $ —   $ 52,297 Accounts receivable - oil and natural gas sales 146,075   64,125   —   —   210,200 Accounts receivable - joint interest and other 16,212   6,285   —   —   22,497 Accounts receivable - intercompany 671,633   319,464   —   (991,097 )   — Prepaid expenses and other current assets 8,433   2,174   —   —   10,607 Short-term derivative instruments 21,352   —   —   —   21,352 Total current assets 889,290   418,759   1   (991,097 )   316,953                     Property and equipment:                   Oil and natural gas properties, full-cost accounting, 7,044,550   2,983,015   —   (729 )   10,026,836 Other property and equipment 91,916   751   —   —   92,667 Accumulated depletion, depreciation, amortization and impairment (4,640,059 )   (39 )   —   —   (4,640,098 ) Property and equipment, net 2,496,407   2,983,727   —   (729 )   5,479,405 Other assets:                   Equity investments and investments in subsidiaries 2,856,988   —   44,259   (2,665,126 )   236,121 Inventories 3,620   1,134   —   —   4,754 Other assets 12,624   1,178   —   1   13,803 Total other assets 2,873,232   2,312   44,259   (2,665,125 )   254,678   Total assets $ 6,258,929   $ 3,404,798   $ 44,260   $ (3,656,951 )   $ 6,051,036                     Liabilities and Stockholders’ Equity                   Current liabilities:                   Accounts payable and accrued liabilities $ 419,107   $ 99,273   $ —   $ —   $ 518,380 Accounts payable - intercompany 320,259   670,708   130   (991,097 )   — Short-term derivative instruments 20,401   —   —   —   20,401 Current maturities of long-term debt 651   —   —   —   651 Total current liabilities 760,418   769,981   130   (991,097 )   539,432 Long-term derivative instruments 13,992   —   —   —   13,992 Asset retirement obligation - long-term 66,859   13,093   —   —   79,952 Deferred tax liability 3,127   —   —   —   3,127 Long-term debt, net of current maturities 2,086,765   —   —   —   2,086,765 Total liabilities 2,931,161 783,074 130 (991,097 ) 2,723,268                     Stockholders’ equity:                   Common stock 1,630   —   —   —   1,630 Paid-in capital 4,227,532   1,915,598   261,626   (2,177,224 )   4,227,532 Accumulated other comprehensive loss (56,026 )   —   (53,783 )   53,783   (56,026 ) (Accumulated deficit) retained earnings (845,368 )   706,126   (163,713 )   (542,413 )   (845,368 ) Total stockholders’ equity 3,327,768   2,621,724   44,130   (2,665,854 )   3,327,768   Total liabilities and stockholders’ equity $ 6,258,929   $ 3,404,798   $ 44,260   $ (3,656,951 )   $ 6,051,036
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)   Three months ended March 31, 2019   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Total revenues $ 186,246   $ 134,332   $ —   $ —   $ 320,578                     Costs and expenses:                   Lease operating expenses 14,893   4,914   —   —   19,807 Production taxes 3,261   4,660   —   —   7,921 Midstream gathering and processing expenses 43,299   26,983   —   —   70,282 Depreciation, depletion and amortization 118,432   1   —   —   118,433 General and administrative expenses 12,232   (675 )   1   —   11,558 Accretion expense 951   116   —   —   1,067   193,068 35,999 1 — 229,068                     (LOSS) INCOME FROM OPERATIONS (6,822 ) 98,333 (1 ) — 91,510                     OTHER (INCOME) EXPENSE:                   Interest expense 34,424   (304 )   —   —   34,120 Interest income (147 )   (5 )   —   —   (152 ) (Income) loss from equity method investments and investments in subsidiaries (102,914 )   —   393   98,248   (4,273 ) Other income (427 )   —   —   —   (427 )   (69,064 ) (309 ) 393 98,248 29,268                     INCOME (LOSS) BEFORE INCOME TAXES 62,242   98,642   (394 )   (98,248 )   62,242 INCOME TAX EXPENSE —   —   —   —   —                     NET INCOME (LOSS) $ 62,242 $ 98,642 $ (394 ) $ (98,248 ) $ 62,242 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)   Three months ended March 31, 2018   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Total revenues $ 213,561   $ 111,831   $ —   $ —   $ 325,392                     Costs and expenses:                   Lease operating expenses 13,831   5,075   —   —   18,906 Production taxes 4,011   2,843   —   —   6,854 Midstream gathering and processing expenses 45,666   18,527   —   —   64,193 Depreciation, depletion and amortization 111,017   1   —   —   111,018 General and administrative expenses 13,811   (713 )   1   —   13,099 Accretion expense 790   214   —   —   1,004   189,126 25,947 1 — 215,074                     INCOME (LOSS) FROM OPERATIONS 24,435 85,884 (1 ) — 110,318                     OTHER (INCOME) EXPENSE:                   Interest expense 34,393   (428 )   —   —   33,965 Interest income (31 )   (6 )   —   —   (37 ) (Income) loss from equity method investments and investments in subsidiaries (99,864 )   (357 )   330   86,355   (13,536 ) Other income (84 )   (11 )   —   —   (95 )   (65,586 )   (802 )   330   86,355   20,297                     INCOME (LOSS) BEFORE INCOME TAXES 90,021 86,686 (331 ) (86,355 ) 90,021 INCOME TAX BENEFIT (69 )   —   —   —   (69 )                     NET INCOME (LOSS) $ 90,090   $ 86,686   $ (331 )   $ (86,355 )   $ 90,090
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Amounts in thousands)   Three months ended March 31, 2019   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net income (loss) $ 62,242   $ 98,642   $ (394 )   $ (98,248 )   $ 62,242 Foreign currency translation adjustment 3,801   94   3,707   (3,801 )   3,801 Other comprehensive income 3,801   94   3,707   (3,801 )   3,801 Comprehensive income (loss) $ 66,043   $ 98,736   $ 3,313   $ (102,049 )   $ 66,043   Three months ended March 31, 2018   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net income (loss) $ 90,090   $ 86,686   $ (331 )   $ (86,355 )   $ 90,090 Foreign currency translation adjustment (5,503 )   (187 )   (5,316 )   5,503   (5,503 ) Other comprehensive loss (5,503 )   (187 )   (5,316 )   5,503   (5,503 ) Comprehensive income (loss) $ 84,587   $ 86,499   $ (5,647 )   $ (80,852 )   $ 84,587
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Amounts in thousands)   Three months ended March 31, 2019   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net cash provided by (used in) operating activities $ 164,448   $ 20,612   $ (1 )   $ 1   $ 185,060                     Net cash used in investing activities (154,490 )   (36,368 )   (432 )   432   (190,858 )                     Net cash (used in) provided by financing activities (28,503 )   —   433   (433 )   (28,503 )                     Net decrease in cash, cash equivalents and restricted cash (18,545 )   (15,756 )   —   —   (34,301 )                     Cash, cash equivalents and restricted cash at beginning of period 25,585   26,711   1   —   52,297                     Cash, cash equivalents and restricted cash at end of period $ 7,040   $ 10,955   $ 1   $ —   $ 17,996   Three months ended March 31, 2018   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net cash provided by operating activities $ 144,895   $ 81,452   $ 1   $ 1   $ 226,349                     Net cash used in investing activities (231,024 )   (75,847 )   (1,569 )   1,569   (306,871 )                     Net cash provided by financing activities 99,578   —   1,570   (1,570 )   99,578                     Net increase in cash, cash equivalents and restricted cash 13,449   5,605   2   —   19,056                     Cash, cash equivalents and restricted cash at beginning of period 67,908   31,649   —   —   99,557                     Cash, cash equivalents and restricted cash at end of period $ 81,357   $ 37,254   $ 2   $ —   $ 118,613