XML 27 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 343,084 $ 50,550
Restricted cash 1,139  
Accounts receivable:    
Joint interest owners and other 14,998 37,620
Oil and gas 21,219 22,700
Related parties 390 4,065
Short-term derivative instruments 83,262 80,911
Materials and supplies   3,767
Other current assets 24,234 4,548
Total current assets 488,326 204,161
PROPERTY, PLANT AND EQUIPMENT, AT COST    
Oil and natural gas properties, successful efforts method 2,246,161 1,872,616
Accumulated depreciation, depletion, amortization, and impairment (290,186) (128,044)
Total oil and natural gas properties, net 1,955,975 1,744,572
Other property, plant, and equipment, net 29,778 16,290
Total property, plant, and equipment, net 1,985,753 1,760,862
NONCURRENT ASSETS    
Long-term derivative instruments 25,839 70,805
Deferred loan costs, net 11,378 12,943
Other noncurrent assets 2,896 2,308
Total noncurrent assets 40,113 86,056
TOTAL ASSETS 2,514,192 2,051,079
CURRENT LIABILITIES    
Accounts payable and accrued expenses 151,221 139,922
Revenue and severance taxes payable 37,109 38,366
Current portion of long-term debt 951 650
Short-term derivative instruments 34,518 29,326
Current deferred tax liability   12,601
Current portion of asset retirement obligations 4,698  
Total current liabilities 228,497 220,865
NONCURRENT LIABILITIES    
Long-term debt 555,924 676,845
Asset retirement obligations 13,522 16,207
Deferred tax liability 62,962 62,334
Payable pursuant to tax receivable agreement 51,504 50,689
Long-term derivative instruments 15,142 31,275
Other noncurrent liabilities   375
Total noncurrent liabilities $ 699,054 $ 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 $ 1,252,020 $ 644,636
Retained earnings 10,868 61,352
Treasury stock, at cost, 105,421 shares and 36,739 at December 31, 2015 and December 31, 2014 (77)  
Total stockholders' equity 1,264,492 707,241
Noncontrolling interest 322,149 285,248
Total equity 1,586,641 992,489
TOTAL LIABILITIES AND EQUITY 2,514,192 2,051,079
Common Stock, Class A    
STOCKHOLDERS' EQUITY    
Common stock 1,360 932
Common Stock, Class B    
STOCKHOLDERS' EQUITY    
Common stock $ 321 $ 321