Employee Benefits Plans and Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Restricted Stock Units Activity

The following table summarizes RSU activity for the six months ended June 30, 2020:

	RSUs			Weighted Average Grant Date Fair Value
Unvested RSUs at December 31, 2019		733,777		$	25.20
Granted		1,278,095		$	10.04
Vested		(255,908	)	$	25.42
Forfeited		(41,008	)	$	24.82
Unvested RSUs at June 30, 2020		1,714,956		$	13.88

Summary of Performance Share Units Activity

The following table summarizes PSU activity for the six months ended June 30, 2020:

	PSUs			Weighted Average Grant Date Fair Value
Unvested PSUs at December 31, 2019		417,831		$	39.31
Granted		441,642		$	13.05
Vested		—		$	—
Forfeited		(20,772	)	$	36.52
Unvested PSUs at June 30, 2020		838,701		$	25.55

Summary of Assumptions Used to Calculate the Grant Date Fair Value of PSUs Granted

The following table summarizes the assumptions used to calculate the grant date fair value of the PSUs granted for the six months ended June 30, 2020:

	2020 Grant Date
	March 5, 2020
Number of simulations		100,000
Expected term (in years)		2.8
Expected volatility		48.8	%
Risk-free interest rate		0.6	%
Dividend yield		—	%

Schedule of Recognized Share Based Compensation Expense, Net

The Company recognized the following share-based compensation expense, net for the three and six months ended June 30, 2020 and 2019 (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Share-based compensation expense	$	4,455		$	3,702		$	7,667		$	5,977
Less: amounts capitalized to oil and gas properties		(2,108	)		(1,741	)		(3,693	)		(2,757	)
Total share-based compensation expense, net	$	2,347		$	1,961		$	3,974		$	3,220