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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 3,900 $ 1,471
Accounts receivable    
Oil, natural gas and natural gas liquid sales 47,365 74,527
Affiliates 14,689 4,695
Joint interest owners and other 110,991 320
Prepaid drilling advances 49,279 0
Derivative contracts 203 152
Other current assets 6,412 930
Total current assets 232,839 82,095
Noncurrent assets    
Oil and natural gas properties, successful efforts method 2,429,892 1,876,951
Accumulated depreciation, depletion, amortization and impairment (183,557) (78,307)
Oil and natural gas properties, net 2,246,335 1,798,644
Other property and equipment, net 2,935 1,147
Deferred financing costs 4,417 2,710
Derivative contracts 0 996
Total assets 2,486,526 1,885,592
Current liabilities    
Accounts payable and accrued liabilities 198,020 10,245
Accounts payable and accrued liabilities – Affiliates 7,748 183,820
Accounts Payable, Other, Current 88,029 0
Drilling advances 57,374 0
Derivative contracts 64,261 9,279
Asset retirement obligations 535 0
Total current liabilities 415,967 203,344
Noncurrent liabilities    
Long-term debt 394,639 85,339
Deferred tax liabilities 299,662 0
Asset retirement obligations 12,876 10,769
Derivative contracts 18,901 1,371
Other 662 0
Total liabilities 1,142,707 300,823
Commitments and contingencies (Note 14)
Equity    
Common stock, $0.001 par value; 800,000,000 shares authorized; 152,539,532 shares issued and outstanding at September 30, 2018 153 0
Preferred stock, $0.001 par value; 50,000,000 shares authorized; no shares issued and outstanding at September 30, 2018 0 0
Additional paid-in capital 1,643,431 0
Accumulated deficit (299,765) 0
Members’ equity 0 1,584,769
Members’ equity 1,343,819 1,584,769
Total liabilities and equity $ 2,486,526 $ 1,885,592