XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 502,616 $ 133,379
Restricted cash 3,889 3,290
Accounts receivable:    
Joint interest owners and other 17,826 12,698
Oil, natural gas and NGLs 76,621 59,174
Related parties 216 290
Short-term derivative instruments, net 117,825 39,708
Other current assets 8,053 50,949
Total current assets 727,046 299,488
PROPERTY, PLANT AND EQUIPMENT    
Oil and natural gas properties, successful efforts method 7,803,119 4,063,417
Accumulated depreciation, depletion and impairment (640,926) (506,175)
Total oil and natural gas properties, net 7,162,193 3,557,242
Other property, plant and equipment, net 77,197 59,318
Total property, plant and equipment, net 7,239,390 3,616,560
NONCURRENT ASSETS    
Long-term derivative instruments, net 109,940 16,416
Other noncurrent assets 9,226 6,318
Total noncurrent assets 119,166 22,734
TOTAL ASSETS 8,085,602 3,938,782
CURRENT LIABILITIES    
Accounts payable and accrued expenses 336,926 162,317
Revenue and severance taxes payable 87,425 69,452
Current portion of long-term debt 3,806 67,214
Short-term derivative instruments, net 73,660 44,153
Current portion of asset retirement obligations 5,500 1,818
Total current liabilities 507,317 344,954
NONCURRENT LIABILITIES    
Long-term debt 1,490,597 1,041,324
Asset retirement obligations 14,157 9,574
Deferred tax liability 10,375 5,483
Payable pursuant to TRA liability 114,876 94,326
Long-term derivative instruments, net 75,104 12,815
Total noncurrent liabilities 1,705,109 1,163,522
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued and outstanding 0 0
Additional paid in capital 4,582,932 2,151,197
Retained earnings (accumulated deficit) 6,933 (63,255)
Treasury stock, at cost, 143,879 shares and 139,416 shares at June 30, 2017 and December 31, 2016 (518) (381)
Total stockholders' equity 4,592,493 2,089,638
Noncontrolling interest 1,280,683 340,668
Total equity 5,873,176 2,430,306
TOTAL LIABILITIES AND EQUITY 8,085,602 3,938,782
Class A, $0.01 par value, 600,000,000 shares authorized, 246,667,121 shares issued and 246,523,242 shares outstanding at June 30, 2017 and 179,730,033 shares issued and 179,590,617 shares outstanding at December 31, 2016    
STOCKHOLDERS' EQUITY    
Common stock 2,467 1,797
Class B, $0.01 par value, 125,000,000 shares authorized, 67,857,091 and 28,008,573 shares issued and outstanding at June 30, 2017 and December 31, 2016    
STOCKHOLDERS' EQUITY    
Common stock $ 679 $ 280