XML 55 R35.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Supplemental Information About Oil & Natural Gas Producing Activities (Unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Oil and Gas Exploration and Production Industries Disclosures [Abstract] |
Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure | The following table sets forth the capitalized costs incurred in the Company’s oil and gas production, exploration, and development activities:
| Successor |  |  | Predecessor
| October 11, 2016 through December 31, 2016 |  |  | January 1, 2016 through October 10, 2016 |  | Year Ended December 31,
(in thousands) |  |  |  | 2015 |  | 2014
Acquisition costs: |  |  |  |  |  |  |  |
Proved properties | $ | 561,251 |  |  |  | $ | 16,386 |  |  | $ | 14,268 |  |  | $ | 5,758 |
Unproved properties | 1,905,660 |  |  |  | 39,399 |  |  | 28,955 |  |  | 16,409 |
Development costs | 44,602 |  |  |  | 53,512 |  |  | 87,452 |  |  | 324,802 |
Exploration costs | 844 |  |  |  | — |  |  | 84 |  |  | — |
Total | $ | 2,512,357 |  |  |  | $ | 109,297 |  |  | $ | 130,759 |  |  | $ | 346,969 |
Results of Operations for Oil and Gas Producing Activities Disclosure | The results of operations for oil and natural gas producing activities (excluding corporate overhead and interest costs) are presented below:
| Successor |  |  | Predecessor
| October 11, 2016 through December 31, 2016 |  |  | January 1, 2016 through October 10, 2016 |  | Year Ended December 31,
(in thousands) |  |  |  | 2015 |  | 2014
Revenues: |  |  |  |  |  |  |  |
Oil, natural gas and NGL sales | $ | 29,717 |  |  |  | $ | 69,116 |  |  | $ | 90,460 |  |  | $ | 131,825 |
Costs: |  |  |  |  |  |  |  |
Lease operating expenses | 3,541 |  |  |  | 11,036 |  |  | 21,173 |  |  | 17,690 |
Severance and ad valorem taxes | 1,636 |  |  |  | 3,696 |  |  | 5,021 |  |  | 6,875 |
Transportation, processing, gathering and other operating expenses | 2,187 |  |  |  | 4,583 |  |  | 5,732 |  |  | 4,772 |
Depletion, amortization and accretion of asset retirement obligations | 14,486 |  |  |  | 62,228 |  |  | 89,350 |  |  | 68,981 |
Abandonment expense and impairment of unproved properties | — |  |  |  | 2,545 |  |  | 7,619 |  |  | 20,025 |
Exploration | 844 |  |  |  | — |  |  | 84 |  |  | — |
Contract termination and rig stacking | — |  |  |  | — |  |  | 2,387 |  |  | — |
Income tax expense (benefit) | — |  |  |  | (406 | ) |  | (572 | ) |  | 1,524 |
Results of operations | $ | 7,023 |  |  |  | $ | (14,566 | ) |  | $ | (40,334 | ) |  | $ | 11,958 |
Oil and Gas Net Production, Average Sales Price and Average Production Costs Disclosure | The following table summarizes the average price during the 12-month period, determined as the unweighted arithmetic average of the first-day-of-the-month for the periods from October 11, 2016, through December 31, 2016 (Successor) and January 1, 2016, through October 10, 2016 (Predecessor) and for the years ended December 31, 2015 and 2014. The following prices, as adjusted for transportation, quality, and basis differentials, were used in the calculation of the standardized measure of discounted future net cash flows (“standardized measure”):
| Successor |  |  | Predecessor
| October 11, 2016 through December 31, 2016 |  |  | January 1, 2016 through October 10, 2016 |  | Year Ended December 31,
|  |  |  | 2015 |  | 2014
Oil (per Bbl) | $ | 38.49 |  |  |  | $ | 36.98 |  |  | $ | 41.85 |  |  | $ | 84.94 |
Gas (per Mcf) | 0.98 |  |  |  | 1.24 |  |  | 1.71 |  |  | 4.70 |
NGLs (per Bbl) | 14.59 |  |  |  | 13.28 |  |  | 13.94 |  |  | 22.70 |
Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities | The table below presents a summary of changes in the Company’s estimated proved reserves:
| Successor |  |  | Predecessor
| October 11, 2016, through December 31, 2016 |  |  | January 1, 2016, through October 10, 2016
| Crude Oil (MBbls) |  | Natural Gas (MMcf) |  | Natural Gas Liquids (MBbls) |  |  | Crude Oil (MBbls) |  | Natural Gas (MMcf) |  | Natural Gas Liquids (MBbls)
Total proved reserves: |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period | 30,091 |  |  | 36,801 |  |  | 4,506 |  |  |  | 23,199 |  |  | 32,442 |  |  | 3,851 |
Extensions and discoveries | 7,063 |  |  | 12,219 |  |  | 1,225 |  |  |  | 5,851 |  |  | 6,410 |  |  | 773 |
Revisions of previous estimates | 184 |  |  | 16,445 |  |  | 983 |  |  |  | 1,025 |  |  | (1,521 | ) |  | (110 | )
Purchases of reserves in place | 9,651 |  |  | 83,992 |  |  | 5,152 |  |  |  | 1,600 |  |  | 2,130 |  |  | 245 |
Divestitures of reserves in place | — |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  | — |
Production | (523 | ) |  | (1,113 | ) |  | (96 | ) |  |  | (1,584 | ) |  | (2,660 | ) |  | (253 | )
End of period | 46,466 |  |  | 148,344 |  |  | 11,770 |  |  |  | 30,091 |  |  | 36,801 |  |  | 4,506 |
Proved developed reserves: |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period | 11,346 |  |  | 14,973 |  |  | 1,927 |  |  |  | 9,347 |  |  | 12,711 |  |  | 1,603 |
End of period | 14,551 |  |  | 42,190 |  |  | 3,618 |  |  |  | 11,346 |  |  | 14,973 |  |  | 1,927 |
Proved undeveloped reserves: |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period | 18,745 |  |  | 21,828 |  |  | 2,579 |  |  |  | 13,852 |  |  | 19,731 |  |  | 2,248 |
End of period | 31,914 |  |  | 106,154 |  |  | 8,152 |  |  |  | 18,745 |  |  | 21,828 |  |  | 2,579 |
| Predecessor
| Year Ended December 31, 2015 |  |  | Year Ended December 31, 2014
| Crude Oil (MBbls) |  | Natural Gas (MMcf) |  | Natural Gas Liquids (MBbls) |  |  | Crude Oil (MBbls) |  | Natural Gas (MMcf) |  | Natural Gas Liquids (MBbls)
Total proved reserves: |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period | 19,850 |  |  | 27,414 |  |  | 1,551 |  |  |  | 18,510 |  |  | 6,968 |  |  | 525 |
Extensions and discoveries | 9,444 |  |  | 11,927 |  |  | 1,432 |  |  |  | 16,122 |  |  | 22,575 |  |  | 1,127 |
Revisions of previous estimates | (5,109 | ) |  | (5,204 | ) |  | 995 |  |  |  | 56 |  |  | 178 |  |  | 180 |
Purchases of reserves in place | 844 |  |  | 1,363 |  |  | 204 |  |  |  | 162 |  |  | 192 |  |  | 23 |
Divestitures of reserves in place | — |  |  | — |  |  | — |  |  |  | (13,572 | ) |  | (387 | ) |  | (69 | )
Production | (1,830 | ) |  | (3,058 | ) |  | (331 | ) |  |  | (1,428 | ) |  | (2,112 | ) |  | (235 | )
End of period | 23,199 |  |  | 32,442 |  |  | 3,851 |  |  |  | 19,850 |  |  | 27,414 |  |  | 1,551 |
Proved developed reserves: |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period | 8,026 |  |  | 11,959 |  |  | 766 |  |  |  | 6,021 |  |  | 4,837 |  |  | 382 |
End of period | 9,347 |  |  | 12,711 |  |  | 1,603 |  |  |  | 8,026 |  |  | 11,959 |  |  | 766 |
Proved undeveloped reserves: |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period | 11,823 |  |  | 15,455 |  |  | 785 |  |  |  | 12,489 |  |  | 2,131 |  |  | 143 |
End of period | 13,852 |  |  | 19,731 |  |  | 2,248 |  |  |  | 11,823 |  |  | 15,455 |  |  | 785 |
Standardized Measure of Discounted Future Cash Flows Relating to Proved Reserves Disclosure | The following table presents the Company’s standardized measure of discounted future net cash flows:
| Successor |  |  | Predecessor
| October 11, 2016 through December 31, 2016 |  |  | January 1, 2016 through October 10, 2016 |  | Year Ended December 31,
(in thousands) |  |  |  | 2015 |  | 2014
Future cash inflows | $ | 2,105,585 |  |  |  | $ | 1,217,641 |  |  | $ | 1,079,962 |  |  | $ | 1,850,205 |
Future development costs | (482,162 | ) |  |  | (297,559 | ) |  | (277,837 | ) |  | (440,366 | )
Future production costs | (640,306 | ) |  |  | (413,410 | ) |  | (450,058 | ) |  | (457,236 | )
Future income tax expenses | (136,587 | ) |  |  | (5,614 | ) |  | (6,643 | ) |  | (10,834 | )
Future net cash flows | 846,530 |  |  |  | 501,058 |  |  | 345,424 |  |  | 941,769 |
10% discount to reflect timing of cash flows | (471,438 | ) |  |  | (291,345 | ) |  | (210,355 | ) |  | (575,886 | )
Standardized measure of discounted future net cash flows | $ | 375,092 |  |  |  | $ | 209,713 |  |  | $ | 135,069 |  |  | $ | 365,883 |
Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows | The following summarizes the principal sources of change in the standardized measure of discounted future net cash flows:
| Successor |  |  | Predecessor
(in thousands) | October 11, 2016 through December 31, 2016 |  |  | January 1, 2016 through October 10, 2016
Standardized measure of discounted future net cash flows, beginning of period | $ | 209,713 |  |  |  | $ | 135,069 |
Sales of oil, natural gas and NGLs, net of production costs | (22,354 | ) |  |  | (49,801 | )
Purchase of minerals in place | 127,842 |  |  |  | 10,145 |
Divestiture of minerals in place | — |  |  |  | — |
Extensions and discoveries, net of future development costs | 55,825 |  |  |  | 46,438 |
Change in estimated development costs | 10,891 |  |  |  | 11,743 |
Net change in prices and production costs | (978 | ) |  |  | 6,661 |
Change in estimated future development costs | 571 |  |  |  | 28,998 |
Revisions of previous quantity estimates | 20,190 |  |  |  | 3,673 |
Accretion of discount | 4,753 |  |  |  | 11,319 |
Net change in income taxes | (47,990 | ) |  |  | (1,568 | )
Net change in timing of production and other | 16,629 |  |  |  | 7,036 |
Standardized measure of discounted future net cash flows, end of period | $ | 375,092 |  |  |  | $ | 209,713 |
| Predecessor
| Year Ended December 31,
(in thousands) | 2015 |  |  | 2014
Standardized measure of discounted future net cash flows, beginning of period | $ | 365,883 |  |  |  | $ | 371,307 |
Sales of oil, natural gas and NGLs, net of production costs | (58,534 | ) |  |  | (102,488 | )
Purchase of minerals in place | 14,416 |  |  |  | 5,650 |
Divestiture of minerals in place | — |  |  |  | (242,344 | )
Extensions and discoveries, net of future development costs | 57,894 |  |  |  | 312,532 |
Change in estimated development costs | 16,100 |  |  |  | 10,386 |
Net change in prices and production costs | (494,734 | ) |  |  | (3,027 | )
Change in estimated future development costs | 247,642 |  |  |  | 2,935 |
Revisions of previous quantity estimates | (51,342 | ) |  |  | 924 |
Accretion of discount | 37,517 |  |  |  | 13,561 |
Net change in income taxes | 1,601 |  |  |  | (2,762 | )
Net change in timing of production and other | (1,374 | ) |  |  | (791 | )
Standardized measure of discounted future net cash flows, end of period | $ | 135,069 |  |  |  | $ | 365,883 |

X
- Definition Tabular disclosure of the aggregate of costs (whether the costs are capitalized or charged to expense at the time they are incurred ) incurred for the year in oil and gas property acquisition, exploration and development activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 55 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=34713648&loc=d3e63042-109448 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62059-109447 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62038-109447 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 18 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62014-109447 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 + Details
Name: | us-gaap_CostIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OilAndGasExplorationAndProductionIndustriesDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of oil and gas production including quantitative production data, average price, and per unit cost data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1204 + Details
Name: | us-gaap_OilAndGasNetProductionAverageSalesPriceAndAverageProductionCostsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the results of operations for oil and gas producing activities for the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 27 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62352-109447 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 24 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62246-109447 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62136-109447 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-10.(a)(17)(ii),(c)(3)(ii)(A)(1)) -URI http://asc.fasb.org/extlink&oid=50486907&loc=d3e511914-122862 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62259-109447 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62299-109447 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62094-109447 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62395-109447 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 55 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=34713648&loc=d3e63071-109448 + Details
Name: | us-gaap_ResultsOfOperationsForOilAndGasProducingActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the aggregate change in the standardized measure of discounted future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchases under long-term agreements in which the enterprise participates in the operation of the properties on which oil and gas is located or otherwise serves as the producer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62500-109447 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 36 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62536-109447 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62496-109447 + Details
Name: | us-gaap_ScheduleOfChangesInStandardizedMeasureOfDiscountedFutureNetCashFlowsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61858-109447 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61884-109447 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61831-109447 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61797-109447 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61869-109447 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e61872-109447 + Details
Name: | us-gaap_ScheduleOfProvedDevelopedAndUndevelopedOilAndGasReserveQuantitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchase under long-term agreements in which the enterprise participates in the operation of the properties on which the oil and gas is located or otherwise serves as the producer. This information is presented in aggregate and for each geographic area for which reserve quantities are disclosed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62424-109447 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62476-109447 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 36 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62536-109447 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62500-109447 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62455-109447 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 235 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68064819&loc=d3e62479-109447 + Details
Name: | us-gaap_StandardizedMeasureOfDiscountedFutureCashFlowsRelatingToProvedReservesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration