Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Balance Sheets) (Details)

v3.19.2
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Balance Sheets) (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Current assets:            
Cash and cash equivalents $ 20,777   $ 52,297      
Accounts receivable - oil and natural gas sales 131,675   210,200      
Accounts receivable - joint interest and other 46,645   22,497      
Accounts receivable - intercompany 0   0      
Prepaid expenses and other current assets 9,474   10,607      
Short-term derivative instruments 134,920   21,352      
Total current assets 343,491   316,953      
Property and equipment:            
Oil and natural gas properties 10,510,427   10,026,836      
Other property and equipment 96,413   92,667      
Accumulated depletion, depreciation, amortization and impairment (4,882,729)   (4,640,098)      
Property and equipment, net 5,724,111   5,479,405      
Other assets:            
Equity investments and investments in subsidiaries 119,307   236,121      
Long-term derivative instruments 5,036   0      
Deferred tax asset 179,331   0      
Inventories 9,001   4,754      
Operating lease assets 19,334          
Operating lease assets - related parties 53,579          
Other assets 12,280   13,803      
Total other assets 397,868   254,678      
Total assets 6,465,470   6,051,036      
Current liabilities:            
Accounts payable and accrued liabilities 493,830   518,380      
Accounts payable - intercompany 0   0      
Short-term derivative instruments 198   20,401      
Current portion of operating lease liabilities 17,999          
Current portion of operating lease liabilities - related parties 20,817          
Current maturities of long-term debt 615   651      
Total current liabilities 533,459   539,432      
Long-term derivative instruments 210   13,992      
Asset retirement obligation—long-term 88,491   79,952 $ 76,815    
Deferred tax liability 3,127   3,127      
Non-current operating lease liabilities 1,335          
Non-current operating lease liabilities - related parties 32,762          
Long-term debt, net of current maturities 2,198,678   2,086,765      
Total liabilities 2,858,062   2,723,268      
Stockholders’ equity:            
Common stock 1,594   1,630      
Paid-in capital 4,202,599   4,227,532      
Accumulated other comprehensive loss (48,615)   (56,026)      
(Accumulated deficit) retained earnings (548,170)   (845,368)      
Total stockholders’ equity 3,607,408 $ 3,368,266 3,327,768 $ 3,195,199 $ 3,088,889 $ 3,101,614
Total liabilities and stockholders’ equity 6,465,470   6,051,036      
Reportable legal entities | Parent            
Current assets:            
Cash and cash equivalents 10,940   25,585      
Accounts receivable - oil and natural gas sales 4,116   146,075      
Accounts receivable - joint interest and other 9,043   16,212      
Accounts receivable - intercompany 819,584   671,633      
Prepaid expenses and other current assets 5,948   8,433      
Short-term derivative instruments 134,920   21,352      
Total current assets 984,551   889,290      
Property and equipment:            
Oil and natural gas properties 1,352,894   7,044,550      
Other property and equipment 92,343   91,916      
Accumulated depletion, depreciation, amortization and impairment (1,414,011)   (4,640,059)      
Property and equipment, net 31,226   2,496,407      
Other assets:            
Equity investments and investments in subsidiaries 5,171,925   2,856,988      
Long-term derivative instruments 5,036          
Deferred tax asset 179,331          
Inventories 188   3,620      
Operating lease assets 19,334          
Operating lease assets - related parties 53,579          
Other assets 11,682   12,624      
Total other assets 5,441,075   2,873,232      
Total assets 6,456,852   6,258,929      
Current liabilities:            
Accounts payable and accrued liabilities 74,597   419,107      
Accounts payable - intercompany 469,071   320,259      
Short-term derivative instruments 198   20,401      
Current portion of operating lease liabilities 17,999          
Current portion of operating lease liabilities - related parties 20,817          
Current maturities of long-term debt 615   651      
Total current liabilities 583,297   760,418      
Long-term derivative instruments 210   13,992      
Asset retirement obligation—long-term 30,035   66,859      
Deferred tax liability 3,127   3,127      
Non-current operating lease liabilities 1,335          
Non-current operating lease liabilities - related parties 32,762          
Long-term debt, net of current maturities 2,198,678   2,086,765      
Total liabilities 2,849,444   2,931,161      
Stockholders’ equity:            
Common stock 1,594   1,630      
Paid-in capital 4,202,599   4,227,532      
Accumulated other comprehensive loss (48,615)   (56,026)      
(Accumulated deficit) retained earnings (548,170)   (845,368)      
Total stockholders’ equity 3,607,408   3,327,768      
Total liabilities and stockholders’ equity 6,456,852   6,258,929      
Reportable legal entities | Guarantors            
Current assets:            
Cash and cash equivalents 9,799   26,711      
Accounts receivable - oil and natural gas sales 127,559   64,125      
Accounts receivable - joint interest and other 37,602   6,285      
Accounts receivable - intercompany 433,776   319,464      
Prepaid expenses and other current assets 3,451   2,174      
Short-term derivative instruments 0   0      
Total current assets 612,187   418,759      
Property and equipment:            
Oil and natural gas properties 9,158,193   2,983,015      
Other property and equipment 751   751      
Accumulated depletion, depreciation, amortization and impairment (3,468,663)   (39)      
Property and equipment, net 5,690,281   2,983,727      
Other assets:            
Equity investments and investments in subsidiaries     0      
Long-term derivative instruments 0          
Deferred tax asset 0          
Inventories 8,813   1,134      
Operating lease assets 0          
Operating lease assets - related parties 0          
Other assets 598   1,178      
Total other assets 9,411   2,312      
Total assets 6,311,879   3,404,798      
Current liabilities:            
Accounts payable and accrued liabilities 419,190   99,273      
Accounts payable - intercompany 780,600   670,708      
Short-term derivative instruments 0   0      
Current portion of operating lease liabilities 0          
Current portion of operating lease liabilities - related parties 0          
Current maturities of long-term debt 0   0      
Total current liabilities 1,199,790   769,981      
Long-term derivative instruments 0   0      
Asset retirement obligation—long-term 58,456   13,093      
Deferred tax liability 0   0      
Non-current operating lease liabilities 0          
Non-current operating lease liabilities - related parties 0          
Long-term debt, net of current maturities 0   0      
Total liabilities 1,258,246   783,074      
Stockholders’ equity:            
Common stock 0   0      
Paid-in capital 4,170,574   1,915,598      
Accumulated other comprehensive loss 0   0      
(Accumulated deficit) retained earnings 883,059   706,126      
Total stockholders’ equity 5,053,633   2,621,724      
Total liabilities and stockholders’ equity 6,311,879   3,404,798      
Reportable legal entities | Non-Guarantors            
Current assets:            
Cash and cash equivalents 38   1      
Accounts receivable - oil and natural gas sales 0   0      
Accounts receivable - joint interest and other 0   0      
Accounts receivable - intercompany 0   0      
Prepaid expenses and other current assets 75   0      
Short-term derivative instruments 0   0      
Total current assets 113   1      
Property and equipment:            
Oil and natural gas properties 69   0      
Other property and equipment 3,319   0      
Accumulated depletion, depreciation, amortization and impairment (55)   0      
Property and equipment, net 3,333   0      
Other assets:            
Equity investments and investments in subsidiaries 51,607   44,259      
Long-term derivative instruments 0          
Deferred tax asset 0          
Inventories 0   0      
Operating lease assets 0          
Operating lease assets - related parties 0          
Other assets 0   0      
Total other assets 51,607   44,259      
Total assets 55,053   44,260      
Current liabilities:            
Accounts payable and accrued liabilities 43   0      
Accounts payable - intercompany 3,689   130      
Short-term derivative instruments 0   0      
Current portion of operating lease liabilities 0          
Current portion of operating lease liabilities - related parties 0          
Current maturities of long-term debt 0   0      
Total current liabilities 3,732   130      
Long-term derivative instruments 0   0      
Asset retirement obligation—long-term 0   0      
Deferred tax liability 0   0      
Non-current operating lease liabilities 0          
Non-current operating lease liabilities - related parties 0          
Long-term debt, net of current maturities 0   0      
Total liabilities 3,732   130      
Stockholders’ equity:            
Common stock 0   0      
Paid-in capital 262,059   261,626      
Accumulated other comprehensive loss (46,527)   (53,783)      
(Accumulated deficit) retained earnings (164,211)   (163,713)      
Total stockholders’ equity 51,321   44,130      
Total liabilities and stockholders’ equity 55,053   44,260      
Eliminations            
Current assets:            
Cash and cash equivalents 0   0      
Accounts receivable - oil and natural gas sales 0   0      
Accounts receivable - joint interest and other 0   0      
Accounts receivable - intercompany (1,253,360)   (991,097)      
Prepaid expenses and other current assets 0   0      
Short-term derivative instruments 0   0      
Total current assets (1,253,360)   (991,097)      
Property and equipment:            
Oil and natural gas properties (729)   (729)      
Other property and equipment 0   0      
Accumulated depletion, depreciation, amortization and impairment 0   0      
Property and equipment, net (729)   (729)      
Other assets:            
Equity investments and investments in subsidiaries (5,104,225)   (2,665,126)      
Long-term derivative instruments 0          
Deferred tax asset 0          
Inventories 0   0      
Operating lease assets 0          
Operating lease assets - related parties 0          
Other assets 0   1      
Total other assets (5,104,225)   (2,665,125)      
Total assets (6,358,314)   (3,656,951)      
Current liabilities:            
Accounts payable and accrued liabilities 0   0      
Accounts payable - intercompany (1,253,360)   (991,097)      
Short-term derivative instruments 0   0      
Current portion of operating lease liabilities 0          
Current portion of operating lease liabilities - related parties 0          
Current maturities of long-term debt 0   0      
Total current liabilities (1,253,360)   (991,097)      
Long-term derivative instruments 0   0      
Asset retirement obligation—long-term 0   0      
Deferred tax liability 0   0      
Non-current operating lease liabilities 0          
Non-current operating lease liabilities - related parties 0          
Long-term debt, net of current maturities 0   0      
Total liabilities (1,253,360)   (991,097)      
Stockholders’ equity:            
Common stock 0   0      
Paid-in capital (4,432,633)   (2,177,224)      
Accumulated other comprehensive loss 46,527   53,783      
(Accumulated deficit) retained earnings (718,848)   (542,413)      
Total stockholders’ equity (5,104,954)   (2,665,854)      
Total liabilities and stockholders’ equity $ (6,358,314)   $ (3,656,951)