Parent Guarantor (Tables)

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

	As of March 31, 2019
	Parent Guarantor		Subsidiary Issuer		Intercompany Eliminations			Consolidated
	(in thousands)
Assets:
Cash and cash equivalents	$	—	$	44,658	$	—		$	44,658
Accounts receivable, net of allowance for doubtful accounts	—		57,473		—			57,473
Other current assets	—		4,914		—			4,914
Property and equipment, net	—		2,096,160		—			2,096,160
Investment in subsidiaries	1,116,475		—		(1,116,475		)	—
Noncurrent assets	—		9,331		—			9,331
Total assets	$	1,116,475	$	2,212,536	$	(1,116,475	)	$	2,212,536
Liabilities and Stockholders' Equity:
Accounts payable and other accrued liabilities	$	—	$	135,762	$	—		$	135,762
Other current liabilities	—		113,993		—			113,993
Long-term debt	—		687,768		—			687,768
Deferred income taxes	—		109,823		—			109,823
Other noncurrent liabilities	—		48,715		—			48,715
Stockholders' equity	1,116,475		1,116,475		(1,116,475		)	1,116,475
Total liabilities and stockholders' equity	$	1,116,475	$	2,212,536	$	(1,116,475	)	$	2,212,536

	As of December 31, 2018
	Parent Guarantor		Subsidiary Issuer		Intercompany Eliminations			Consolidated
	(in thousands)
Assets:
Cash and cash equivalents	$	—	$	32,774	$	—		$	32,774
Accounts receivable, net of allowance for doubtful accounts	—		72,943		—			72,943
Other current assets	—		84,064		—			84,064
Property and equipment, net	—		2,029,523		—			2,029,523
Investment in subsidiaries	1,212,098		—		(1,212,098		)	—
Noncurrent assets	—		33,156		—			33,156
Total assets	$	1,212,098	$	2,252,460	$	(1,212,098	)	$	2,252,460
Liabilities and Stockholders' Equity:
Accounts payable and other accrued liabilities	$	—	$	131,379	$	—		$	131,379
Other current liabilities	—		116,806		—			116,806
Long-term debt	—		617,387		—			617,387
Deferred income taxes	—		139,534		—			139,534
Other noncurrent liabilities	—		35,256		—			35,256
Stockholders' equity	1,212,098		1,212,098		(1,212,098		)	1,212,098
Total liabilities and stockholders' equity	$	1,212,098	$	2,252,460	$	(1,212,098	)	$	2,252,460

Schedule of Condensed Consolidating Statements of Operations

Condensed Consolidating Statements of Operations

	Three Months Ended March 31, 2019
	Parent Guarantor			Subsidiary Issuer			Intercompany Eliminations		Consolidated
	(in thousands)
Operating and other revenues	$	—		$	101,980		$	—	$	101,980
Operating expenses	—			(94,290		)	—		(94,290		)
General and administrative	—			(12,660		)	—		(12,660		)
Merger transaction expense	—			(2,414		)	—		(2,414		)
Interest expense	—			(13,679		)	—		(13,679		)
Interest income and other income (expense)	—			(104,877		)	—		(104,877		)
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries	—			(125,940		)	—		(125,940		)
(Provision for) benefit from income taxes	—			29,711			—		29,711
Equity in earnings (loss) of subsidiaries	(96,229		)	—			96,229		—
Net income (loss)	$	(96,229	)	$	(96,229	)	$	96,229	$	(96,229	)

	Three Months Ended March 31, 2018
	Parent Guarantor			Subsidiary Issuer			Intercompany Eliminations		Consolidated
	(in thousands)
Operating and other revenues	$	—		$	80,810		$	—	$	80,810
Operating expenses	—			(58,145		)	—		(58,145		)
General and administrative	—			(10,107		)	—		(10,107		)
Merger transaction expense	—			(4,763		)	—		(4,763		)
Interest expense	—			(13,090		)	—		(13,090		)
Interest income and other income (expense)	—			(19,642		)	—		(19,642		)
Income (loss) before income taxes and equity in earnings (loss) of subsidiaries	—			(24,937		)	—		(24,937		)
(Provision for) benefit from income taxes	—			—			—		—
Equity in earnings (loss) of subsidiaries	(24,937		)	—			24,937		—
Net income (loss)	$	(24,937	)	$	(24,937	)	$	24,937	$	(24,937	)

Schedule of Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

	Three Months Ended March 31, 2019
	Parent Guarantor		Subsidiary Issuer			Intercompany Eliminations		Consolidated
	(in thousands)
Cash flows from operating activities	$	—	$	77,683		$	—	$	77,683
Cash flows from investing activities:
Additions to oil and gas properties, including acquisitions	—		(130,862		)	—		(130,862		)
Additions to furniture, fixtures and other	—		(1,309		)	—		(1,309		)
Other investing activities	—		(273		)	—		(273		)
Cash flows from financing activities:
Proceeds from debt	—		70,000			—		70,000
Principal payments on debt	—		(1,859		)	—		(1,859		)
Other financing activities	—		(1,496		)	—		(1,496		)
Change in cash and cash equivalents	—		11,884			—		11,884
Beginning cash and cash equivalents	—		32,774			—		32,774
Ending cash and cash equivalents	$	—	$	44,658		$	—	$	44,658

	Three Months Ended March 31, 2018
	Parent Guarantor		Subsidiary Issuer			Intercompany Eliminations		Consolidated
	(in thousands)
Cash flows from operating activities	$	—	$	54,317		$	—	$	54,317
Cash flows from investing activities:
Additions to oil and gas properties, including acquisitions	—		(88,854		)	—		(88,854		)
Additions to furniture, fixtures and other	—		(122		)	—		(122		)
Payment of acquiree's debt associated with merger, net of cash acquired	—		(53,357		)	—		(53,357		)
Other investing activities	—		(157		)	—		(157		)
Cash flows from financing activities:
Principal payments on debt	—		(116		)	—		(116		)
Other financing activities	—		(1,485		)	—		(1,485		)
Change in cash and cash equivalents	—		(89,774		)	—		(89,774		)
Beginning cash and cash equivalents	—		314,466			—		314,466
Ending cash and cash equivalents	$	—	$	224,692		$	—	$	224,692