Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Accounts receivable is comprised of the following:



	As of March 31, 2019			As of December 31, 2018
	(in thousands)
Oil, gas and NGL sales	$	45,626		$	44,860
Due from joint interest owners	10,543			27,435
Other	1,410			754
Allowance for doubtful accounts	(106		)	(106		)
Total accounts receivable	$	57,473		$	72,943

Net Capitalized Costs and Associated Accumulated DD&A and Non Cash Impairments

The following table sets forth the net capitalized costs and associated accumulated DD&A and non-cash impairments relating to the Company's oil, natural gas and NGL producing activities:



	As of March 31, 2019			As of December 31, 2018
	(in thousands)
Proved properties	$	667,346		$	663,485
Wells and related equipment and facilities	1,518,824			1,438,092
Support equipment and facilities	88,901			75,392
Materials and supplies	21,600			18,341
Total proved oil and gas properties	$	2,296,671		$	2,195,310
Unproved properties	328,377			328,409
Wells and facilities in progress	162,491			139,799
Total unproved oil and gas properties, excluded from amortization	$	490,868		$	468,208
Accumulated depreciation, depletion, amortization and impairment	(714,237		)	(642,645		)
Total oil and gas properties, net	$	2,073,302		$	2,020,873

Accounts Payable and Accrued Liabilities

Accounts payable and other accrued liabilities are comprised of the following:



	As of March 31, 2019		As of December 31, 2018
	(in thousands)
Accrued drilling, completion and facility costs	$	92,905	$	69,830
Accrued lease operating, gathering, transportation and processing expenses	7,308		6,970
Accrued general and administrative expenses	6,513		8,774
Accrued interest payable	18,930		6,758
Accrued merger transaction expenses	682		550
Prepayments from partners	794		862
Trade payables	1,192		31,057
Operating lease liability	517		—
Other	6,921		6,578
Total accounts payable and other accrued liabilities	$	135,762	$	131,379

Calculation of Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the calculation of basic and diluted income (loss) per share:



	Three Months Ended March 31,
	2019			2018
	(in thousands, except per share amounts)
Net income (loss)	$	(96,229	)	$	(24,937	)
Basic weighted-average common shares outstanding in period	209,932			123,596
Diluted weighted-average common shares outstanding in period	209,932			123,596
Basic net income (loss) per common share	$	(0.46	)	$	(0.20	)
Diluted net income (loss) per common share	$	(0.46	)	$	(0.20	)