Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Balance Sheets) (Details)

v3.20.1
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Balance Sheets) (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:        
Cash and cash equivalents $ 1,633 $ 6,060    
Accounts receivable - oil and natural gas sales 74,099 121,210    
Accounts receivable - joint interest and other 42,547 47,975    
Accounts receivable - intercompany 0 0    
Prepaid expenses and other current assets 11,848 4,431    
Short-term derivative instruments 171,755 126,201    
Total current assets 301,882 305,877    
Property and equipment:        
Oil and natural gas properties 10,667,532 10,595,735    
Other property and equipment 96,882 96,719    
Accumulated depletion, depreciation, amortization and impairment (7,859,873) (7,228,660)    
Property and equipment, net 2,904,541 3,463,794    
Other assets:        
Equity investments and investments in subsidiaries 6,225 32,044    
Long-term derivative instruments 0 563    
Deferred tax asset 0 7,563    
Operating lease assets 10,186 14,168    
Operating lease assets—related parties 0 43,270    
Other assets 41,453 15,540    
Total other assets 57,864 113,148    
Total assets 3,264,287 3,882,819    
Current liabilities:        
Accounts payable and accrued liabilities 437,453 415,218    
Accounts payable - intercompany 0 0    
Short-term derivative instruments 67 303    
Current portion of operating lease liabilities 9,873 13,826    
Current portion of operating lease liabilities—related parties 0 21,220    
Current maturities of long-term debt 688 631    
Total current liabilities 448,081 451,198    
Long-term derivative instruments 70,829 53,135    
Asset retirement obligation 59,444 60,355    
Uncertain tax position liability 3,209 3,127    
Non-current operating lease liabilities 313 342    
Non-current operating lease liabilities—related parties 0 22,050    
Long-term debt, net of current maturities 1,898,362 1,978,020    
Total liabilities 2,480,238 2,568,227    
Stockholders’ equity:        
Common stock 1,598 1,597    
Paid-in capital 4,209,578 4,207,554    
Accumulated other comprehensive loss (61,863) (46,833)    
Accumulated deficit (3,365,264) (2,847,726)    
Total stockholders’ equity 784,049 1,314,592 $ 3,368,266 $ 3,327,768
Total liabilities and stockholders’ equity 3,264,287 3,882,819    
Reportable legal entities | Parent        
Current assets:        
Cash and cash equivalents 897 2,768    
Accounts receivable - oil and natural gas sales 860 859    
Accounts receivable - joint interest and other 8,521 5,279    
Accounts receivable - intercompany 1,277,124 1,065,593    
Prepaid expenses and other current assets 11,452 4,047    
Short-term derivative instruments 171,755 126,201    
Total current assets 1,470,609 1,204,747    
Property and equipment:        
Oil and natural gas properties 1,247,661 1,314,933    
Other property and equipment 92,812 92,650    
Accumulated depletion, depreciation, amortization and impairment (1,421,230) (1,418,888)    
Property and equipment, net (80,757) (11,305)    
Other assets:        
Equity investments and investments in subsidiaries 2,486,108 3,064,503    
Long-term derivative instruments   563    
Deferred tax asset   7,563    
Operating lease assets 10,186 14,168    
Operating lease assets—related parties   43,270    
Other assets 32,591 10,026    
Total other assets 2,528,885 3,140,093    
Total assets 3,918,737 4,333,535    
Current liabilities:        
Accounts payable and accrued liabilities 63,863 48,006    
Accounts payable - intercompany 1,087,484 878,283    
Short-term derivative instruments 67 303    
Current portion of operating lease liabilities 9,873 13,826    
Current portion of operating lease liabilities—related parties   21,220    
Current maturities of long-term debt 688 631    
Total current liabilities 1,161,975 962,269    
Long-term derivative instruments 70,829 53,135    
Asset retirement obligation 0 0    
Uncertain tax position liability 3,209 3,127    
Non-current operating lease liabilities 313 342    
Non-current operating lease liabilities—related parties   22,050    
Long-term debt, net of current maturities 1,898,362 1,978,020    
Total liabilities 3,134,688 3,018,943    
Stockholders’ equity:        
Common stock 1,598 1,597    
Paid-in capital 4,209,578 4,207,554    
Accumulated other comprehensive loss (61,863) (46,833)    
Accumulated deficit (3,365,264) (2,847,726)    
Total stockholders’ equity 784,049 1,314,592    
Total liabilities and stockholders’ equity 3,918,737 4,333,535    
Reportable legal entities | Guarantors        
Current assets:        
Cash and cash equivalents 541 3,097    
Accounts receivable - oil and natural gas sales 73,239 120,351    
Accounts receivable - joint interest and other 34,026 42,696    
Accounts receivable - intercompany 1,052,317 843,223    
Prepaid expenses and other current assets 320 308    
Short-term derivative instruments 0 0    
Total current assets 1,160,443 1,009,675    
Property and equipment:        
Oil and natural gas properties 9,414,738 9,273,681    
Other property and equipment 51 50    
Accumulated depletion, depreciation, amortization and impairment (6,436,959) (5,808,254)    
Property and equipment, net 2,977,830 3,465,477    
Other assets:        
Equity investments and investments in subsidiaries 6,332 6,332    
Long-term derivative instruments   0    
Deferred tax asset   0    
Operating lease assets 0 0    
Operating lease assets—related parties   0    
Other assets 8,863 5,514    
Total other assets 15,195 11,846    
Total assets 4,153,468 4,486,998    
Current liabilities:        
Accounts payable and accrued liabilities 373,554 367,088    
Accounts payable - intercompany 1,237,368 1,026,249    
Short-term derivative instruments 0 0    
Current portion of operating lease liabilities 0 0    
Current portion of operating lease liabilities—related parties   0    
Current maturities of long-term debt 0 0    
Total current liabilities 1,610,922 1,393,337    
Long-term derivative instruments 0 0    
Asset retirement obligation 59,444 58,322    
Uncertain tax position liability 0 0    
Non-current operating lease liabilities 0 0    
Non-current operating lease liabilities—related parties   0    
Long-term debt, net of current maturities 0 0    
Total liabilities 1,670,366 1,451,659    
Stockholders’ equity:        
Common stock 0 0    
Paid-in capital 4,171,409 4,171,408    
Accumulated other comprehensive loss 0 0    
Accumulated deficit (1,688,307) (1,136,069)    
Total stockholders’ equity 2,483,102 3,035,339    
Total liabilities and stockholders’ equity 4,153,468 4,486,998    
Reportable legal entities | Non-Guarantors        
Current assets:        
Cash and cash equivalents 195 195    
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 76 76    
Short-term derivative instruments 0 0    
Total current assets 271 271    
Property and equipment:        
Oil and natural gas properties 5,862 7,850    
Other property and equipment 4,019 4,019    
Accumulated depletion, depreciation, amortization and impairment (1,684) (1,518)    
Property and equipment, net 8,197 10,351    
Other assets:        
Equity investments and investments in subsidiaries 6,186 21,000    
Long-term derivative instruments   0    
Deferred tax asset   0    
Operating lease assets 0 0    
Operating lease assets—related parties   0    
Other assets (1) 0    
Total other assets 6,185 21,000    
Total assets 14,653 31,622    
Current liabilities:        
Accounts payable and accrued liabilities 36 124    
Accounts payable - intercompany 4,589 4,285    
Short-term derivative instruments 0 0    
Current portion of operating lease liabilities 0 0    
Current portion of operating lease liabilities—related parties   0    
Current maturities of long-term debt 0 0    
Total current liabilities 4,625 4,409    
Long-term derivative instruments 0 0    
Asset retirement obligation 0 2,033    
Uncertain tax position liability 0 0    
Non-current operating lease liabilities 0 0    
Non-current operating lease liabilities—related parties   0    
Long-term debt, net of current maturities 0 0    
Total liabilities 4,625 6,442    
Stockholders’ equity:        
Common stock 0 0    
Paid-in capital 267,558 267,557    
Accumulated other comprehensive loss (59,434) (44,763)    
Accumulated deficit (198,096) (197,614)    
Total stockholders’ equity 10,028 25,180    
Total liabilities and stockholders’ equity 14,653 31,622    
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 (2,329,441) (1,908,816)    
Prepaid expenses and other current assets 0 0    
Short-term derivative instruments 0 0    
Total current assets (2,329,441) (1,908,816)    
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 (2,492,401) (3,059,791)    
Long-term derivative instruments   0    
Deferred tax asset   0    
Operating lease assets 0 0    
Operating lease assets—related parties   0    
Other assets 0 0    
Total other assets (2,492,401) (3,059,791)    
Total assets (4,822,571) (4,969,336)    
Current liabilities:        
Accounts payable and accrued liabilities 0 0    
Accounts payable - intercompany (2,329,441) (1,908,817)    
Short-term derivative instruments 0 0    
Current portion of operating lease liabilities 0 0    
Current portion of operating lease liabilities—related parties   0    
Current maturities of long-term debt 0 0    
Total current liabilities (2,329,441) (1,908,817)    
Long-term derivative instruments 0 0    
Asset retirement obligation 0 0    
Uncertain tax position liability 0 0    
Non-current operating lease liabilities 0 0    
Non-current operating lease liabilities—related parties   0    
Long-term debt, net of current maturities 0 0    
Total liabilities (2,329,441) (1,908,817)    
Stockholders’ equity:        
Common stock 0 0    
Paid-in capital (4,438,967) (4,438,965)    
Accumulated other comprehensive loss 59,434 44,763    
Accumulated deficit 1,886,403 1,333,683    
Total stockholders’ equity (2,493,130) (3,060,519)    
Total liabilities and stockholders’ equity $ (4,822,571) $ (4,969,336)