XML 41 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 21,098 $ 50,550
Accounts receivable:    
Joint interest owners and other 14,950 37,620
Oil and gas 26,219 22,700
Related parties 1,099 4,065
Short-term derivative instruments 33,393 80,911
Materials and supplies   3,767
Other current assets 5,602 4,548
Total current assets 102,361 204,161
PROPERTY, PLANT AND EQUIPMENT, AT COST    
Oil and natural gas properties, successful efforts method 2,099,375 1,872,616
Accumulated depreciation, depletion and amortization (207,581) (128,044)
Total oil and natural gas properties, net 1,891,794 1,744,572
Other property, plant and equipment, net 35,107 16,290
Total property, plant and equipment, net 1,926,901 1,760,862
NONCURRENT ASSETS    
Long-term derivative instruments 30,519 70,805
Deferred loan costs, net 12,123 12,943
Other noncurrent assets 3,858 2,308
Total noncurrent assets 46,500 86,056
TOTAL ASSETS 2,075,762 2,051,079
CURRENT LIABILITIES    
Accounts payable and accrued expenses 113,538 139,922
Revenue and severance taxes payable 37,734 38,366
Current portion of long-term debt 717 650
Short-term derivative instruments 9,313 29,326
Current deferred tax liability 8,940 12,601
Current portion of asset retirement obligations 4,490  
Total current liabilities 174,732 220,865
NONCURRENT LIABILITIES    
Long-term debt 601,239 676,845
Asset retirement obligations 14,434 16,207
Deferred tax liability 57,320 62,334
Payable pursuant to tax receivable agreement 50,689 50,689
Long-term derivative instruments 11,336 31,275
Other noncurrent liabilities   375
Total noncurrent liabilities $ 735,018 $ 837,725
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS' EQUITY    
Preferred Stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding    
Additional paid in capital $ 844,591 $ 644,636
Retained earnings 25,199 61,352
Treasury Stock, at cost, 78,563 shares and 36,739 at June 30, 2015 and December 31, 2014 (71) 0
Total stockholders' equity 871,121 707,241
Noncontrolling interest 294,891 285,248
Total equity 1,166,012 992,489
TOTAL LIABILITIES AND EQUITY 2,075,762 2,051,079
Common Stock, Class A    
STOCKHOLDERS' EQUITY    
Common stock 1,081 932
Total equity 1,081 932
Common Stock, Class B    
STOCKHOLDERS' EQUITY    
Common stock 321 321
Total equity $ 321 $ 321