Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Balance Sheets) (Details)

v3.19.3.a.u2
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Balance Sheets) (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Current assets:                
Cash and cash equivalents $ 10,124     $ 52,297        
Accounts receivable - oil and natural gas sales 112,657     210,200        
Accounts receivable - joint interest and other 41,327     22,497        
Accounts receivable - intercompany 0     0        
Prepaid expenses and other current assets 5,658     10,017        
Short-term derivative instruments 134,571     21,352        
Total current assets 304,337     316,363        
Property and equipment:                
Oil and natural gas properties 10,551,713     10,026,836        
Other property and equipment 96,233     92,667        
Accumulated depletion, depreciation, amortization and impairment (5,616,988)     (4,640,098)        
Property and equipment, net 5,030,958     5,479,405        
Other assets:                
Equity investments and investments in subsidiaries 73,962     236,121        
Long-term derivative instruments 23,419     0        
Deferred tax asset 323,378     0        
Inventories 7,022     5,344        
Operating lease assets 13,920              
Operating lease assets - related parties 48,449              
Other assets 11,653     13,803        
Total other assets 501,803     255,268        
Total assets 5,837,098     6,051,036        
Current liabilities:                
Accounts payable and accrued liabilities 439,019     518,380        
Accounts payable - intercompany 0     0        
Short-term derivative instruments 429     20,401        
Current portion of operating lease liabilities 12,848              
Current portion of operating lease liabilities - related parties 21,017              
Current maturities of long-term debt 622     651        
Total current liabilities 473,935     539,432        
Long-term derivative instruments 72,040     13,992        
Asset retirement obligation—long-term 59,819     79,952 $ 78,411      
Uncertain tax position liability 3,127     3,127        
Non-current operating lease liabilities 1,072              
Non-current operating lease liabilities - related parties 27,432              
Long-term debt, net of current maturities 2,076,569     2,086,765        
Total liabilities 2,713,994     2,723,268        
Stockholders’ equity:                
Common stock 1,597     1,630        
Paid-in capital 4,205,158     4,227,532        
Accumulated other comprehensive loss (50,679)     (56,026)        
(Accumulated deficit) retained earnings (1,032,972)     (845,368)        
Total stockholders’ equity 3,123,104 $ 3,607,408 $ 3,368,266 3,327,768 $ 3,292,015 $ 3,195,199 $ 3,088,889 $ 3,101,614
Total liabilities and stockholders’ equity 5,837,098     6,051,036        
Reportable legal entities | Parent                
Current assets:                
Cash and cash equivalents 6,279     25,585        
Accounts receivable - oil and natural gas sales 857     146,075        
Accounts receivable - joint interest and other 6,909     16,212        
Accounts receivable - intercompany 953,446     671,633        
Prepaid expenses and other current assets 3,886     7,843        
Short-term derivative instruments 134,571     21,352        
Total current assets 1,105,948     888,700        
Property and equipment:                
Oil and natural gas properties 1,312,715     7,044,550        
Other property and equipment 92,163     91,916        
Accumulated depletion, depreciation, amortization and impairment (1,416,248)     (4,640,059)        
Property and equipment, net (11,370)     2,496,407        
Other assets:                
Equity investments and investments in subsidiaries 4,553,316     2,856,988        
Long-term derivative instruments 23,419              
Deferred tax asset 323,378              
Inventories 94     4,210        
Operating lease assets 13,920              
Operating lease assets - related parties 48,449              
Other assets 11,333     12,624        
Total other assets 4,973,909     2,873,822        
Total assets 6,068,487     6,258,929        
Current liabilities:                
Accounts payable and accrued liabilities 69,863     419,107        
Accounts payable - intercompany 660,364     320,259        
Short-term derivative instruments 429     20,401        
Current portion of operating lease liabilities 12,848              
Current portion of operating lease liabilities - related parties 21,017              
Current maturities of long-term debt 622     651        
Total current liabilities 765,143     760,418        
Long-term derivative instruments 72,040     13,992        
Asset retirement obligation—long-term 0     66,859        
Uncertain tax position liability 3,127     3,127        
Non-current operating lease liabilities 1,072              
Non-current operating lease liabilities - related parties 27,432              
Long-term debt, net of current maturities 2,076,569     2,086,765        
Total liabilities 2,945,383     2,931,161        
Stockholders’ equity:                
Common stock 1,597     1,630        
Paid-in capital 4,205,158     4,227,532        
Accumulated other comprehensive loss (50,679)     (56,026)        
(Accumulated deficit) retained earnings (1,032,972)     (845,368)        
Total stockholders’ equity 3,123,104     3,327,768        
Total liabilities and stockholders’ equity 6,068,487     6,258,929        
Reportable legal entities | Guarantors                
Current assets:                
Cash and cash equivalents 3,715     26,711        
Accounts receivable - oil and natural gas sales 111,800     64,125        
Accounts receivable - joint interest and other 34,418     6,285        
Accounts receivable - intercompany 625,306     319,464        
Prepaid expenses and other current assets 1,697     2,174        
Short-term derivative instruments 0     0        
Total current assets 776,936     418,759        
Property and equipment:                
Oil and natural gas properties 9,239,581     2,983,015        
Other property and equipment 751     751        
Accumulated depletion, depreciation, amortization and impairment (4,200,519)     (39)        
Property and equipment, net 5,039,813     2,983,727        
Other assets:                
Equity investments and investments in subsidiaries       0        
Long-term derivative instruments 0              
Deferred tax asset 0              
Inventories 6,928     1,134        
Operating lease assets 0              
Operating lease assets - related parties 0              
Other assets 320     1,178        
Total other assets 7,248     2,312        
Total assets 5,823,997     3,404,798        
Current liabilities:                
Accounts payable and accrued liabilities 369,129     99,273        
Accounts payable - intercompany 914,401     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 1,283,530     769,981        
Long-term derivative instruments 0     0        
Asset retirement obligation—long-term 59,819     13,093        
Uncertain tax position 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 1,343,349     783,074        
Stockholders’ equity:                
Common stock 0     0        
Paid-in capital 4,170,573     1,915,598        
Accumulated other comprehensive loss 0     0        
(Accumulated deficit) retained earnings 310,075     706,126        
Total stockholders’ equity 4,480,648     2,621,724        
Total liabilities and stockholders’ equity 5,823,997     3,404,798        
Reportable legal entities | Non-Guarantors                
Current assets:                
Cash and cash equivalents 130     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 205     1        
Property and equipment:                
Oil and natural gas properties 146     0        
Other property and equipment 3,319     0        
Accumulated depletion, depreciation, amortization and impairment (221)     0        
Property and equipment, net 3,244     0        
Other assets:                
Equity investments and investments in subsidiaries 49,545     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 49,545     44,259        
Total assets 52,994     44,260        
Current liabilities:                
Accounts payable and accrued liabilities 27     0        
Accounts payable - intercompany 3,987     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 4,014     130        
Long-term derivative instruments 0     0        
Asset retirement obligation—long-term 0     0        
Uncertain tax position 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 4,014     130        
Stockholders’ equity:                
Common stock 0     0        
Paid-in capital 262,061     261,626        
Accumulated other comprehensive loss (48,548)     (53,783)        
(Accumulated deficit) retained earnings (164,533)     (163,713)        
Total stockholders’ equity 48,980     44,130        
Total liabilities and stockholders’ equity 52,994     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 (1,578,752)     (991,097)        
Prepaid expenses and other current assets 0     0        
Short-term derivative instruments 0     0        
Total current assets (1,578,752)     (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 (4,528,899)     (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 (4,528,899)     (2,665,125)        
Total assets (6,108,380)     (3,656,951)        
Current liabilities:                
Accounts payable and accrued liabilities 0     0        
Accounts payable - intercompany (1,578,752)     (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 (1,578,752)     (991,097)        
Long-term derivative instruments 0     0        
Asset retirement obligation—long-term 0     0        
Uncertain tax position 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 (1,578,752)     (991,097)        
Stockholders’ equity:                
Common stock 0     0        
Paid-in capital (4,432,634)     (2,177,224)        
Accumulated other comprehensive loss 48,548     53,783        
(Accumulated deficit) retained earnings (145,542)     (542,413)        
Total stockholders’ equity (4,529,628)     (2,665,854)        
Total liabilities and stockholders’ equity $ (6,108,380)     $ (3,656,951)