SHARE-BASED COMPENSATION	9 Months Ended
Sep. 30, 2019
SHARE-BASED COMPENSATION [Abstract]
SHARE-BASED COMPENSATION	NOTE 4. SHARE–BASED COMPENSATION During the nine months ended September 30, 2019, the Company granted 322,172 shares of restricted stock under the Company’s 2018 Omnibus Incentive Plan (the “2018 Plan”). Of the shares of restricted stock granted during the nine months ended September 30, 2019, 150,000 shares are subject to a graded vesting over a three year period; 59,728 shares are subject to future events, such as divestitures; 30,188 shares vested during the three months ended June 30, 2019 as a result of the closing of the San Juan divestiture; 72,384 shares vested during the three months ended September 30, 2019 as a result of the closing of the Barnett and Mid-Continent divestitures; and 9,872 shares are scheduled to vest on June 5, 2020. The weighted average fair value of the restricted shares granted during the nine months ended September 30, 2019 was $15.24 with a total fair value of approximately $4.9 million. No shares were forfeited during the nine months ended September 30, 2019. Approximately 0.3 million shares remain available for grant under the 2018 Plan as of September 30, 2019. The Company recognized compensation cost related to outstanding restricted stock units of $1.4 million and $2.1 million for the three and nine months ended September 30, 2019, respectively. These costs are included in “General and administrative expenses” in the unaudited condensed consolidated statements of operations. As of September 30, 2019, there was $2.0 million of total unrecognized compensation cost related to unvested time-based restricted stock units, which is expected to be recognized over a weighted average period of 1.6 years. As of September 30, 2019, there was also $0.9 million of total unrecognized compensation cost related to unvested restricted stock units with vesting subject to future events, which will not be recognized until those future events are probable. Series A Preferred Stock The Company estimated the fair value of the 21,000 shares of the 8% Cumulative Nonparticipating Redeemable Series A Preferred Stock (the “Series A Preferred Stock”) as of June 30, 2019 at $0.2 million. The redemption amount of these shares of Series A Preferred Stock is $0.2 million. The 21,000 shares of Series A Preferred Stock vested during June 2019. During the nine months ended September 30, 2019, the Company recognized $65 thousand of compensation cost related to the Series A Preferred Stock. These costs are included in “General and administrative expenses” in the unaudited condensed consolidated statement of operations. Predecessor Equity-Based Compensation EV Management had two long-term incentive plans, the 2006 Long-Term Incentive Plan and the 2016 Long-Term Incentive Plan for employees, consultants and directors of EV Management and its affiliates who performed services for EVEP. Equity–based awards under these plans consisted only of phantom units during the five months ended May 31, 2018. The Predecessor recognized compensation cost related to these phantom units of $3.8 million for the five months ended May 31, 2018. These costs are included in “General and administrative expenses” in the unaudited condensed consolidated statements of operations.

NOTE 4. SHARE–BASED COMPENSATION

During the nine months ended September 30, 2019, the Company granted 322,172 shares of restricted stock under the Company’s 2018 Omnibus Incentive Plan (the “2018 Plan”). Of the shares of restricted stock granted during the nine months ended September 30, 2019, 150,000 shares are subject to a graded vesting over a three year period; 59,728 shares are subject to future events, such as divestitures; 30,188 shares vested during the three months ended June 30, 2019 as a result of the closing of the San Juan divestiture; 72,384 shares vested during the three months ended September 30, 2019 as a result of the closing of the Barnett and Mid-Continent divestitures; and 9,872 shares are scheduled to vest on June 5, 2020. The weighted average fair value of the restricted shares granted during the nine months ended September 30, 2019 was $15.24 with a total fair value of approximately $4.9 million. No shares were forfeited during the nine months ended September 30, 2019. Approximately 0.3 million shares remain available for grant under the 2018 Plan as of September 30, 2019.

The Company recognized compensation cost related to outstanding restricted stock units of $1.4 million and $2.1 million for the three and nine months ended September 30, 2019, respectively. These costs are included in “General and administrative expenses” in the unaudited condensed consolidated statements of operations.

As of September 30, 2019, there was $2.0 million of total unrecognized compensation cost related to unvested time-based restricted stock units, which is expected to be recognized over a weighted average period of 1.6 years. As of September 30, 2019, there was also $0.9 million of total unrecognized compensation cost related to unvested restricted stock units with vesting subject to future events, which will not be recognized until those future events are probable.

Series A Preferred Stock

The Company estimated the fair value of the 21,000 shares of the 8% Cumulative Nonparticipating Redeemable Series A Preferred Stock (the “Series A Preferred Stock”) as of June 30, 2019 at $0.2 million. The redemption amount of these shares of Series A Preferred Stock is $0.2 million. The 21,000 shares of Series A Preferred Stock vested during June 2019. During the nine months ended September 30, 2019, the Company recognized $65 thousand of compensation cost related to the Series A Preferred Stock. These costs are included in “General and administrative expenses” in the unaudited condensed consolidated statement of operations.

Predecessor Equity-Based Compensation

EV Management had two long-term incentive plans, the 2006 Long-Term Incentive Plan and the 2016 Long-Term Incentive Plan for employees, consultants and directors of EV Management and its affiliates who performed services for EVEP. Equity–based awards under these plans consisted only of phantom units during the five months ended May 31, 2018.

The Predecessor recognized compensation cost related to these phantom units of $3.8 million for the five months ended May 31, 2018. These costs are included in “General and administrative expenses” in the unaudited condensed consolidated statements of operations.