XML 114 R88.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidating Financial Statements - Schedule of Condensed Consolidating Balance Sheet (Detail) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Current assets        
Cash and cash equivalents $ 16,720 $ 11,226 $ 9,730 $ 45,811
Accounts receivable, net 363,580 204,335    
Accounts receivable – affiliates 0 0    
Inventory 19,367 10,648    
Prepaid expenses 7,631 7,623    
Derivative instruments 344 362    
Other current assets 193 4,355    
Total current assets 407,835 238,549    
Property, plant and equipment        
Oil and gas properties (successful efforts method) 7,838,955 7,296,568    
Other property and equipment 868,746 618,790    
Less: accumulated depreciation, depletion, amortization and impairment (2,534,215) (1,995,791)    
Total property, plant and equipment, net 6,173,486 5,919,567 5,218,242  
Investments in and advances to subsidiaries 0 0    
Derivative instruments 9 0    
Deferred income taxes 0 0    
Long-term inventory 12,200 0    
Other assets 21,600 20,516    
Total assets 6,615,130 6,178,632 5,649,375  
Current liabilities        
Accounts payable 13,370 4,645    
Accounts payable - affiliates 0 0    
Revenues and production taxes payable 213,995 139,737    
Accrued liabilities 236,480 119,173    
Accrued interest payable 38,963 39,004    
Derivative instruments 115,716 60,469    
Advances from joint interest partners 4,916 7,597    
Other current liabilities 40 10,490    
Total current liabilities 623,480 381,115    
Long-term debt 2,097,606 2,297,214    
Deferred income taxes 305,921 513,529    
Asset retirement obligations 48,511 48,985    
Derivative instruments 19,851 11,714    
Other liabilities 6,182 2,918    
Total liabilities 3,101,551 3,255,475    
Stockholders’ equity        
Capital contributions from affiliates 0 0    
Common stock, $0.01 par value: 450,000,000 shares authorized; 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 and 237,201,064 shares issued and 236,344,172 shares outstanding at December 31, 2016 2,668 2,331    
Treasury stock, at cost: 1,331,548 and 856,892 shares at December 31, 2017 and December 31, 2016, respectively (22,179) (15,950)    
Additional paid-in capital 2,677,217 2,345,271    
Retained earnings 717,985 591,505    
Oasis share of stockholders’ equity 3,375,691 2,923,157    
Non-controlling interests 137,888 0    
Total stockholders’ equity 3,513,579 2,923,157 2,319,342 1,872,301
Total liabilities and stockholders’ equity 6,615,130 6,178,632    
Intercompany Eliminations        
Current assets        
Cash and cash equivalents 0 0 0 0
Accounts receivable, net 0 0    
Accounts receivable – affiliates (557,506) (279,619)    
Inventory 0 0    
Prepaid expenses 0 0    
Derivative instruments 0 0    
Other current assets 0 0    
Total current assets (557,506) (279,619)    
Property, plant and equipment        
Oil and gas properties (successful efforts method) (1,966) 0    
Other property and equipment 0 0    
Less: accumulated depreciation, depletion, amortization and impairment 0 0    
Total property, plant and equipment, net (1,966) 0    
Investments in and advances to subsidiaries (5,213,108) (4,451,192)    
Derivative instruments 0      
Deferred income taxes (183,568) (220,058)    
Long-term inventory 0      
Other assets 0 0    
Total assets (5,956,148) (4,950,869)    
Current liabilities        
Accounts payable 0 0    
Accounts payable - affiliates (557,506) (279,619)    
Revenues and production taxes payable 0 0    
Accrued liabilities 0 0    
Accrued interest payable 0 0    
Derivative instruments 0 0    
Advances from joint interest partners 0 0    
Other current liabilities 0 0    
Total current liabilities (557,506) (279,619)    
Long-term debt 0 0    
Deferred income taxes (183,568) (220,058)    
Asset retirement obligations 0 0    
Derivative instruments 0 0    
Other liabilities 0 0    
Total liabilities (741,074) (499,677)    
Stockholders’ equity        
Capital contributions from affiliates (3,499,626) (3,388,893)    
Common stock, $0.01 par value: 450,000,000 shares authorized; 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 and 237,201,064 shares issued and 236,344,172 shares outstanding at December 31, 2016 0 0    
Treasury stock, at cost: 1,331,548 and 856,892 shares at December 31, 2017 and December 31, 2016, respectively 0 0    
Additional paid-in capital (8,922) (8,743)    
Retained earnings (1,393,080) (1,053,556)    
Oasis share of stockholders’ equity (4,901,628) (4,451,192)    
Non-controlling interests (313,446)      
Total stockholders’ equity (5,215,074)      
Total liabilities and stockholders’ equity (5,956,148) (4,950,869)    
Parent/ Issuer        
Current assets        
Cash and cash equivalents 178 166 777 776
Accounts receivable, net 0 0    
Accounts receivable – affiliates 425,668 252,000    
Inventory 0 0    
Prepaid expenses 267 275    
Derivative instruments 0 0    
Other current assets 0 0    
Total current assets 426,113 252,441    
Property, plant and equipment        
Oil and gas properties (successful efforts method) 0 0    
Other property and equipment 0 0    
Less: accumulated depreciation, depletion, amortization and impairment 0 0    
Total property, plant and equipment, net 0 0    
Investments in and advances to subsidiaries 4,790,976 4,451,192    
Derivative instruments 0      
Deferred income taxes 183,568 220,058    
Long-term inventory 0      
Other assets 0 0    
Total assets 5,400,657 4,923,691    
Current liabilities        
Accounts payable 0 0    
Accounts payable - affiliates 34,382 27,619    
Revenues and production taxes payable 0 0    
Accrued liabilities 216 12    
Accrued interest payable 38,796 38,689    
Derivative instruments 0 0    
Advances from joint interest partners 0 0    
Other current liabilities 0 0    
Total current liabilities 73,394 66,320    
Long-term debt 1,949,606 1,934,214    
Deferred income taxes 0 0    
Asset retirement obligations 0 0    
Derivative instruments 0 0    
Other liabilities 0 0    
Total liabilities 2,023,000 2,000,534    
Stockholders’ equity        
Capital contributions from affiliates 0 0    
Common stock, $0.01 par value: 450,000,000 shares authorized; 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 and 237,201,064 shares issued and 236,344,172 shares outstanding at December 31, 2016 2,668 2,331    
Treasury stock, at cost: 1,331,548 and 856,892 shares at December 31, 2017 and December 31, 2016, respectively (22,179) (15,950)    
Additional paid-in capital 2,677,217 2,345,271    
Retained earnings 719,951 591,505    
Oasis share of stockholders’ equity 3,377,657 2,923,157    
Non-controlling interests 0      
Total stockholders’ equity 3,377,657      
Total liabilities and stockholders’ equity 5,400,657 4,923,691    
Combined Guarantor Subsidiaries        
Current assets        
Cash and cash equivalents 15,659 11,060 $ 8,953 $ 45,035
Accounts receivable, net 362,746 204,335    
Accounts receivable – affiliates 46,020 27,619    
Inventory 19,367 10,648    
Prepaid expenses 6,586 7,348    
Derivative instruments 344 362    
Other current assets 193 4,355    
Total current assets 450,915 265,727    
Property, plant and equipment        
Oil and gas properties (successful efforts method) 7,840,921 7,296,568    
Other property and equipment 214,818 618,790    
Less: accumulated depreciation, depletion, amortization and impairment (2,499,867) (1,995,791)    
Total property, plant and equipment, net 5,555,872 5,919,567    
Investments in and advances to subsidiaries 422,132 0    
Derivative instruments 9      
Deferred income taxes 0 0    
Long-term inventory 12,200      
Other assets 19,587 20,516    
Total assets 6,460,715 6,205,810    
Current liabilities        
Accounts payable 13,370 4,645    
Accounts payable - affiliates 511,486 252,000    
Revenues and production taxes payable 213,995 139,737    
Accrued liabilities 177,446 119,161    
Accrued interest payable 53 315    
Derivative instruments 115,716 60,469    
Advances from joint interest partners 4,916 7,597    
Other current liabilities 40 10,490    
Total current liabilities 1,037,022 594,414    
Long-term debt 70,000 363,000    
Deferred income taxes 489,489 733,587    
Asset retirement obligations 47,195 48,985    
Derivative instruments 19,851 11,714    
Other liabilities 6,182 2,918    
Total liabilities 1,669,739 1,754,618    
Stockholders’ equity        
Capital contributions from affiliates 3,264,691 3,388,893    
Common stock, $0.01 par value: 450,000,000 shares authorized; 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 and 237,201,064 shares issued and 236,344,172 shares outstanding at December 31, 2016 0 0    
Treasury stock, at cost: 1,331,548 and 856,892 shares at December 31, 2017 and December 31, 2016, respectively 0 0    
Additional paid-in capital 8,922 8,743    
Retained earnings 1,379,475 1,053,556    
Oasis share of stockholders’ equity 4,653,088 4,451,192    
Non-controlling interests 137,888      
Total stockholders’ equity 4,790,976      
Total liabilities and stockholders’ equity 6,460,715 6,205,810    
Combined Non-guarantor Subsidiaries        
Current assets        
Cash and cash equivalents 883 $ 0    
Accounts receivable, net 834      
Accounts receivable – affiliates 85,818      
Inventory 0      
Prepaid expenses 778      
Derivative instruments 0      
Other current assets 0      
Total current assets 88,313      
Property, plant and equipment        
Oil and gas properties (successful efforts method) 0      
Other property and equipment 653,928      
Less: accumulated depreciation, depletion, amortization and impairment (34,348)      
Total property, plant and equipment, net 619,580      
Investments in and advances to subsidiaries 0      
Derivative instruments 0      
Deferred income taxes 0      
Long-term inventory 0      
Other assets 2,013      
Total assets 709,906      
Current liabilities        
Accounts payable 0      
Accounts payable - affiliates 11,638      
Revenues and production taxes payable 0      
Accrued liabilities 58,818      
Accrued interest payable 114      
Derivative instruments 0      
Advances from joint interest partners 0      
Other current liabilities 0      
Total current liabilities 70,570      
Long-term debt 78,000      
Deferred income taxes 0      
Asset retirement obligations 1,316      
Derivative instruments 0      
Other liabilities 0      
Total liabilities 149,886      
Stockholders’ equity        
Capital contributions from affiliates 234,935      
Common stock, $0.01 par value: 450,000,000 shares authorized; 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 and 237,201,064 shares issued and 236,344,172 shares outstanding at December 31, 2016 0      
Treasury stock, at cost: 1,331,548 and 856,892 shares at December 31, 2017 and December 31, 2016, respectively 0      
Additional paid-in capital 0      
Retained earnings 11,639      
Oasis share of stockholders’ equity 246,574      
Non-controlling interests 313,446      
Total stockholders’ equity 560,020      
Total liabilities and stockholders’ equity $ 709,906