Business Segment Information

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Business Segment Information

BUSINESS SEGMENT INFORMATION

	Three Months Ended March 31, 2019
(in thousands)	Exploration & Production			Midstream			Corporate and Eliminations			Total
Revenue
Oil	$	86,363		$	—		$	—		$	86,363
Natural gas	18,450			—			—			18,450
Natural gas liquids	11,216			—			—			11,216
Sales of gathered production	—			9,560			—			9,560
Midstream revenue	—			22,376			(15,221		)	7,155
Segment sales revenue	116,029			31,936			(15,221		)	132,744
Other revenue	568			7,681			(5,164		)	3,085
Operating revenue	116,597			39,617			(20,385		)	135,829
Gain on sale of assets	1,483			—			—			1,483
Gain (loss) on derivatives	(23,777		)	—			—			(23,777		)
Total revenue	94,303			39,617			(20,385		)	113,535
Operating expenses
Lease operating	25,108			—			(5,164		)	19,944
Transportation, processing and marketing	17,761			2,063			(15,221		)	4,603
Midstream operating	—			6,151			—			6,151
Cost of sales for purchased gathered production	—			9,695			—			9,695
Production taxes	5,483			—			—			5,483
Workovers	197			116			—			313
Exploration	2,054			—			—			2,054
Depreciation, depletion, and amortization	34,675			3,224			—			37,899
General and administrative	20,947			8,063			508			29,518
Total operating expenses	106,225			29,312			(19,877		)	115,660
Operating income	(11,922		)	10,305			(508		)	(2,125		)
Other income (expense)
Interest expense	(12,830		)	(2,630		)	—			(15,460		)
Interest income	27			4			20			51
Equity in earnings of unconsolidated subsidiaries	—			99			—			99
Total other income (expense), net	(12,803		)	(2,527		)	20			(15,310		)
Income (loss) from continuing operations before income taxes	(24,725		)	7,778			(488		)	(17,435		)
Interest expense	12,830			2,630			—			15,460
Depreciation, depletion and amortization	34,675			3,224			—			37,899
Exploration	2,054			—			—			2,054
Loss on unrealized hedges	24,142			—			—			24,142
Equity-based compensation	1,661			1,018			—			2,679
Severance costs	3,975			1,896			—			5,871
Adjusted EBITDAX	$	54,612		$	16,546		$	(488	)	$	70,670
Equity method investment at period end	$	—		$	1,199		$	—		$	1,199
Capital expenditures	133,077			28,271			—			161,348
Total assets at period end	949,391			446,370			(12,450		)	1,383,311

	February 9, 2018 Through March 31, 2018
(in thousands)	Exploration & Production			Midstream			Corporate and Eliminations			Total
Revenue
Oil	$	40,278		$	—		$	—		$	40,278
Natural gas	5,210			—			—			5,210
Natural gas liquids	4,714			—			—			4,714
Sales of gathered production	—			10,610			(6,737		)	3,873
Midstream revenue	—			7,822			(4,562		)	3,260
Segment sales revenue	50,202			18,432			(11,299		)	57,335
Other revenue	555			—			—			555
Operating revenue	50,757			18,432			(11,299		)	57,890
Gain on sale of assets	5,139			—			—			5,139
Gain (loss) on derivatives	(22,011		)	—			—			(22,011		)
Total revenue	33,885			18,432			(11,299		)	41,018
Operating expenses
Lease operating	8,317			—			—			8,317
Transportation, processing and marketing	5,583			2,338			(4,562		)	3,359
Midstream operating	—			587			—			587
Cost of sales for purchased gathered production	—			10,546			(6,737		)	3,809
Production taxes	1,415			—			—			1,415
Workovers	1,245			—			—			1,245
Exploration	1,585			—			—			1,585
Depreciation, depletion, and amortization	11,038			4,641			—			15,679
General and administrative	34,654			2,173			925			37,752
Total operating expenses	63,837			20,285			(10,374		)	73,748
Operating income	(29,952		)	(1,853		)	(925		)	(32,730		)
Other income (expense)
Interest expense	(5,196		)	(248		)	—			(5,444		)
Interest income	546			—			—			546
Total other income (expense), net	(4,650		)	(248		)	—			(4,898		)
Income (loss) from continuing operations before income taxes	(34,602		)	(2,101		)	(925		)	(37,628		)
Interest expense	5,196			248			—			5,444
Depreciation, depletion and amortization	11,038			4,641			—			15,679
Exploration	1,585			—			—			1,585
Loss on unrealized hedges	18,036			—			—			18,036
Equity-based compensation	2,771			42			656			3,469
Business Combination related expense	23,717			—			—			23,717
Adjusted EBITDAX	$	27,741		$	2,830		$	(269	)	$	30,302
Capital expenditures	$	129,310		$	3,745		$	—		$	133,055
Total assets at period end	2,828,349			1,415,496			(275		)	4,243,570