BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Reconciliation of denominators used to calculate basic and diluted EPS

The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three months ended March 31, 2020 and 2019 are as follows:

	Three Months Ended March 31,
(In thousands, except share and per share data)	2020		2019
Net Income (Loss)	$	368,286	$	(107,162)
Less: Cumulative Dividends on Preferred Stock	(3,729)		—
Net Income (Loss) Attributable to Common Stock	$	364,557	$	(107,162)
Weighted Average Common Shares Outstanding:
Weighted Average Common Shares Outstanding – Basic	403,662,541		371,448,566
Plus: Dilutive Effect of Restricted Stock	354,658		—
Plus: Dilutive Effect of Preferred Shares	93,248,448		—
Weighted Average Common Shares Outstanding – Diluted	497,265,647		371,448,566
Net Income (Loss) per Common Share:
Basic	$	0.90	$	(0.29)
Diluted	$	0.74	$	(0.29)
Shares underlying Restricted Stock Awards Excluded from EPS Due to Anti-Dilutive Effect	143,818		1,278,489

Supplemental cash flow activity

The following reflects the Company’s supplemental cash flow information:

	Three Months Ended March 31,
(In thousands)	2020		2019
Supplemental Cash Items:
Cash Paid During the Period for Interest, Net of Amount Capitalized	$	15,990	$	16,929
Non-cash Investing Activities:
Oil and Natural Gas Properties Included in Accounts Payable and Accrued Liabilities	143,220		133,872
Capitalized Asset Retirement Obligations	259		226
Compensation Capitalized on Oil and Gas Properties	184		84
Non-cash Financing Activities:
Issuance of 8.50% Second Lien Notes due 2023 - PIK Interest	—		1,738
Issuance of Preferred Stock for 2L Notes Repurchase	81,212		—
Contingent Consideration Settlements	—		2,887