XML 13 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 $ 0 $ 134,083
Accounts receivable, net 34,809 14,734
Derivative instruments 1,516 431
Prepaid and other current assets 2,431 2,078
Total current assets 38,756 151,326
Oil and natural gas properties, successful efforts method    
Unproved properties 2,122,262 1,905,661
Proved properties 1,006,202 605,853
Accumulated depreciation, depletion and amortization (73,687) (14,436)
Total oil and natural gas properties, net 3,054,777 2,497,078
Other property and equipment, net 3,647 2,193
Total property and equipment, net 3,058,424 2,499,271
Noncurrent assets    
Derivative instruments 131 0
Other noncurrent assets 1,258 1,045
Total assets 3,098,569 2,651,642
Current liabilities    
Accounts payable and accrued expenses 119,508 86,100
Derivative instruments 185 5,361
Total current liabilities 119,693 91,461
Noncurrent liabilities    
Revolving credit facility 35,000 0
Asset retirement obligations 8,855 7,226
Deferred tax liability 9,069 0
Derivative instruments 0 20
Total liabilities 172,617 98,707
Common stock, $0.0001 par value, 620,000,000 shares authorized:    
Additional paid-in capital 2,700,473 2,364,049
Retained earnings (accumulated deficit) 21,656 (8,929)
Total shareholders’ equity 2,722,157 2,355,142
Noncontrolling interest 203,795 197,793
Total equity 2,925,952 2,552,935
Total liabilities and shareholders’ equity 3,098,569 2,651,642
Preferred Stock Series A    
Preferred stock, $.0001 par value, 1,000,000 shares authorized:    
Preferred stock 0 0
Series B Preferred Stock    
Preferred stock, $.0001 par value, 1,000,000 shares authorized:    
Preferred stock 0 0
Common Stock Class A    
Common stock, $0.0001 par value, 620,000,000 shares authorized:    
Common stock 26 20
Common Stock Class C    
Common stock, $0.0001 par value, 620,000,000 shares authorized:    
Common stock $ 2 $ 2