Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Balance Sheets) (Details)

v3.20.2
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Balance Sheets) (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:            
Cash and cash equivalents $ 2,817   $ 6,060      
Accounts receivable - oil and natural gas sales 65,645   121,210      
Accounts receivable - joint interest and other 19,389   47,975      
Accounts receivable - intercompany 0   0      
Prepaid expenses and other current assets 10,862   4,431      
Short-term derivative instruments 53,188   126,201      
Total current assets 151,901   305,877      
Property and equipment:            
Oil and natural gas properties 10,730,992   10,595,735      
Other property and equipment 96,838   96,719      
Accumulated depletion, depreciation, amortization and impairment (8,457,464)   (7,228,660)      
Property and equipment, net 2,370,366   3,463,794      
Other assets:            
Equity investments and investments in subsidiaries 13,052   32,044      
Long-term derivative instruments 4,298   563      
Deferred tax asset 0   7,563      
Operating lease assets 3,640   14,168      
Operating lease assets—related parties 0   43,270      
Other assets 37,000   15,540      
Total other assets 57,990   113,148      
Total assets 2,580,257   3,882,819      
Current liabilities:            
Accounts payable and accrued liabilities 315,575   415,218      
Accounts payable - intercompany 0   0      
Short-term derivative instruments 8,540   303      
Current portion of operating lease liabilities 3,356   13,826      
Current portion of operating lease liabilities—related parties 0   21,220      
Current maturities of long-term debt 649   631      
Total current liabilities 328,120   451,198      
Long-term derivative instruments 45,615   53,135      
Asset retirement obligation - long-term 61,371   60,355      
Uncertain tax position liability 3,209   3,127      
Non-current operating lease liabilities 284   342      
Non-current operating lease liabilities—related parties 0   22,050      
Long-term debt, net of current maturities 1,910,318   1,978,020      
Total liabilities 2,348,917   2,568,227      
Stockholders’ equity:            
Common stock 1,601   1,597      
Paid-in capital 4,211,062   4,207,554      
Accumulated other comprehensive loss (54,991)   (46,833)      
Accumulated deficit (3,926,332)   (2,847,726)      
Total stockholders’ equity 231,340 $ 784,049 1,314,592 $ 3,607,408 $ 3,368,266 $ 3,327,768
Total liabilities and stockholders’ equity 2,580,257   3,882,819      
Reportable legal entities | Parent            
Current assets:            
Cash and cash equivalents 823   2,768      
Accounts receivable - oil and natural gas sales 860   859      
Accounts receivable - joint interest and other 2,949   5,279      
Accounts receivable - intercompany 1,482,102   1,065,593      
Prepaid expenses and other current assets 10,781   4,047      
Short-term derivative instruments 53,188   126,201      
Total current assets 1,550,703   1,204,747      
Property and equipment:            
Oil and natural gas properties 1,247,631   1,314,933      
Other property and equipment 92,768   92,650      
Accumulated depletion, depreciation, amortization and impairment (1,423,539)   (1,418,888)      
Property and equipment, net (83,140)   (11,305)      
Other assets:            
Equity investments and investments in subsidiaries 1,930,479   3,064,503      
Long-term derivative instruments     563      
Deferred tax asset     7,563      
Operating lease assets 3,640   14,168      
Operating lease assets—related parties     43,270      
Other assets 29,216   10,026      
Total other assets 1,967,633   3,140,093      
Total assets 3,435,196   4,333,535      
Current liabilities:            
Accounts payable and accrued liabilities 46,085   48,006      
Accounts payable - intercompany 1,185,800   878,283      
Short-term derivative instruments 8,540   303      
Current portion of operating lease liabilities 3,356   13,826      
Current portion of operating lease liabilities—related parties     21,220      
Current maturities of long-term debt 649   631      
Total current liabilities 1,244,430   962,269      
Long-term derivative instruments 45,615   53,135      
Asset retirement obligation - long-term 0   0      
Uncertain tax position liability 3,209   3,127      
Non-current operating lease liabilities 284   342      
Non-current operating lease liabilities—related parties     22,050      
Long-term debt, net of current maturities 1,910,318   1,978,020      
Total liabilities 3,203,856   3,018,943      
Stockholders’ equity:            
Common stock 1,601   1,597      
Paid-in capital 4,211,062   4,207,554      
Accumulated other comprehensive loss (54,991)   (46,833)      
Accumulated deficit (3,926,332)   (2,847,726)      
Total stockholders’ equity 231,340   1,314,592      
Total liabilities and stockholders’ equity 3,435,196   4,333,535      
Reportable legal entities | Guarantors            
Current assets:            
Cash and cash equivalents 1,748   3,097      
Accounts receivable - oil and natural gas sales 64,785   120,351      
Accounts receivable - joint interest and other 16,440   42,696      
Accounts receivable - intercompany 1,150,631   843,223      
Prepaid expenses and other current assets 5   308      
Short-term derivative instruments 0   0      
Total current assets 1,233,609   1,009,675      
Property and equipment:            
Oil and natural gas properties 9,478,228   9,273,681      
Other property and equipment 51   50      
Accumulated depletion, depreciation, amortization and impairment (7,032,075)   (5,808,254)      
Property and equipment, net 2,446,204   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 7,784   5,514      
Total other assets 14,116   11,846      
Total assets 3,693,929   4,486,998      
Current liabilities:            
Accounts payable and accrued liabilities 269,490   367,088      
Accounts payable - intercompany 1,442,144   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 1,711,634   1,393,337      
Long-term derivative instruments 0   0      
Asset retirement obligation - long-term 61,371   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 1,773,005   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 (2,250,485)   (1,136,069)      
Total stockholders’ equity 1,920,924   3,035,339      
Total liabilities and stockholders’ equity 3,693,929   4,486,998      
Reportable legal entities | Non-Guarantors            
Current assets:            
Cash and cash equivalents 246   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 322   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 (1,850)   (1,518)      
Property and equipment, net 8,031   10,351      
Other assets:            
Equity investments and investments in subsidiaries 13,013   21,000      
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 13,013   21,000      
Total assets 21,366   31,622      
Current liabilities:            
Accounts payable and accrued liabilities 0   124      
Accounts payable - intercompany 4,789   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 4,789   4,409      
Long-term derivative instruments 0   0      
Asset retirement obligation - long-term 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 4,789   6,442      
Stockholders’ equity:            
Common stock 0   0      
Paid-in capital 267,559   267,557      
Accumulated other comprehensive loss (52,562)   (44,763)      
Accumulated deficit (198,420)   (197,614)      
Total stockholders’ equity 16,577   25,180      
Total liabilities and stockholders’ equity 21,366   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 (2,632,733)   (1,908,816)      
Prepaid expenses and other current assets 0   0      
Short-term derivative instruments 0   0      
Total current assets (2,632,733)   (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 (1,936,772)   (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 (1,936,772)   (3,059,791)      
Total assets (4,570,234)   (4,969,336)      
Current liabilities:            
Accounts payable and accrued liabilities 0   0      
Accounts payable - intercompany (2,632,733)   (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 (2,632,733)   (1,908,817)      
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   0      
Non-current operating lease liabilities—related parties     0      
Long-term debt, net of current maturities 0   0      
Total liabilities (2,632,733)   (1,908,817)      
Stockholders’ equity:            
Common stock 0   0      
Paid-in capital (4,438,968)   (4,438,965)      
Accumulated other comprehensive loss 52,562   44,763      
Accumulated deficit 2,448,905   1,333,683      
Total stockholders’ equity (1,937,501)   (3,060,519)      
Total liabilities and stockholders’ equity $ (4,570,234)   $ (4,969,336)