XML 78 R67.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidating Financial Information - Schedule of Condensed Consolidating Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
Dec. 31, 2016
Current assets        
Cash and cash equivalents $ 16,892 $ 16,720 $ 8,488 $ 11,226
Accounts receivable, net 428,184 363,580    
Accounts receivable - affiliates 0 0    
Inventory 31,409 19,367    
Prepaid expenses 6,444 7,631    
Derivative instruments 0 344    
Intangible assets, net 375 0    
Other current assets 192 193    
Total current assets 483,496 407,835    
Property, plant and equipment        
Oil and gas properties (successful efforts method) 8,671,144 7,838,955    
Other property and equipment 1,088,781 868,746    
Less: accumulated depreciation, depletion, amortization and impairment (2,859,788) (2,534,215)    
Total property, plant and equipment, net 6,900,137 6,173,486    
Investments in and advances to subsidiaries 0 0    
Derivative instruments 0 9    
Deferred income taxes 0 0    
Long-term inventory 12,610 12,200    
Other assets 20,188 21,600    
Total assets 7,416,431 6,615,130    
Current liabilities        
Accounts payable 17,206 13,370    
Accounts payable - affiliates 0 0    
Revenues and production taxes payable 287,333 213,995    
Accrued liabilities 307,526 236,480    
Accrued interest payable 20,574 38,963    
Derivative instruments 180,129 115,716    
Advances from joint interest partners 3,878 4,916    
Other current liabilities 40 40    
Total current liabilities 816,686 623,480    
Long-term debt 2,633,009 2,097,606    
Deferred income taxes 230,504 305,921    
Asset retirement obligations 51,357 48,511    
Derivative instruments 33,017 19,851    
Other liabilities 7,775 6,182    
Total liabilities 3,772,348 3,101,551    
Stockholders’ equity        
Capital contributions from affiliates 0 0    
Common stock, $0.01 par value: 450,000,000 shares authorized; 320,010,501 shares issued and 317,987,427 shares outstanding at June 30, 2018 and 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 3,157 2,668    
Treasury stock, at cost: 2,023,074 and 1,331,548 shares at June 30, 2018 and December 31, 2017, respectively (28,985) (22,179)    
Additional paid-in capital 3,070,642 2,677,217    
Retained earnings 460,712 717,985    
Oasis share of stockholders’ equity 3,505,526 3,375,691    
Non-controlling interests 138,557 137,888    
Total stockholders’ equity 3,644,083 3,513,579    
Total liabilities and stockholders’ equity 7,416,431 6,615,130    
Intercompany Eliminations [Member]        
Current assets        
Cash and cash equivalents 0 0 0 0
Accounts receivable, net 0 0    
Accounts receivable - affiliates (792,304) (557,506)    
Inventory 0 0    
Prepaid expenses 0 0    
Derivative instruments   0    
Intangible assets, net 0      
Other current assets 0 0    
Total current assets (792,304) (557,506)    
Property, plant and equipment        
Oil and gas properties (successful efforts method) (8,518) (1,966)    
Other property and equipment (10) 0    
Less: accumulated depreciation, depletion, amortization and impairment 0 0    
Total property, plant and equipment, net (8,528) (1,966)    
Investments in and advances to subsidiaries (5,169,948) (5,213,108)    
Derivative instruments   0    
Deferred income taxes (209,919) (183,568)    
Long-term inventory 0 0    
Other assets 0 0    
Total assets (6,180,699) (5,956,148)    
Current liabilities        
Accounts payable 0 0    
Accounts payable - affiliates (792,304) (557,506)    
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 (792,304) (557,506)    
Long-term debt 0 0    
Deferred income taxes (209,919) (183,568)    
Asset retirement obligations 0 0    
Derivative instruments 0 0    
Other liabilities 0 0    
Total liabilities (1,002,223) (741,074)    
Stockholders’ equity        
Capital contributions from affiliates (3,473,795) (3,499,626)    
Common stock, $0.01 par value: 450,000,000 shares authorized; 320,010,501 shares issued and 317,987,427 shares outstanding at June 30, 2018 and 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 0 0    
Treasury stock, at cost: 2,023,074 and 1,331,548 shares at June 30, 2018 and December 31, 2017, respectively 0 0    
Additional paid-in capital (9,141) (8,922)    
Retained earnings (1,289,406) (1,393,080)    
Oasis share of stockholders’ equity (4,772,342) (4,901,628)    
Non-controlling interests (406,134) (313,446)    
Total stockholders’ equity (5,178,476) (5,215,074)    
Total liabilities and stockholders’ equity (6,180,699) (5,956,148)    
Non-Guarantor Subsidiaries [Member]        
Current assets        
Cash and cash equivalents 4,990 883 0 0
Accounts receivable, net 5,054 834    
Accounts receivable - affiliates 72,896 85,818    
Inventory 0 0    
Prepaid expenses 96 778    
Derivative instruments   0    
Intangible assets, net 0      
Other current assets 0 0    
Total current assets 83,036 88,313    
Property, plant and equipment        
Oil and gas properties (successful efforts method) 0 0    
Other property and equipment 876,534 653,928    
Less: accumulated depreciation, depletion, amortization and impairment (54,555) (34,348)    
Total property, plant and equipment, net 821,979 619,580    
Investments in and advances to subsidiaries 0 0    
Derivative instruments   0    
Deferred income taxes 0 0    
Long-term inventory 0 0    
Other assets 1,981 2,013    
Total assets 906,996 709,906    
Current liabilities        
Accounts payable 24 0    
Accounts payable - affiliates 24,940 11,638    
Revenues and production taxes payable 436 0    
Accrued liabilities 59,373 58,818    
Accrued interest payable 172 114    
Derivative instruments 0 0    
Advances from joint interest partners 0 0    
Other current liabilities 0 0    
Total current liabilities 84,945 70,570    
Long-term debt 166,000 78,000    
Deferred income taxes 0 0    
Asset retirement obligations 1,497 1,316    
Derivative instruments 0 0    
Other liabilities 0 0    
Total liabilities 252,442 149,886    
Stockholders’ equity        
Capital contributions from affiliates 202,007 234,935    
Common stock, $0.01 par value: 450,000,000 shares authorized; 320,010,501 shares issued and 317,987,427 shares outstanding at June 30, 2018 and 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 0 0    
Treasury stock, at cost: 2,023,074 and 1,331,548 shares at June 30, 2018 and December 31, 2017, respectively 0 0    
Additional paid-in capital 0 0    
Retained earnings 46,413 11,639    
Oasis share of stockholders’ equity 248,420 246,574    
Non-controlling interests 406,134 313,446    
Total stockholders’ equity 654,554 560,020    
Total liabilities and stockholders’ equity 906,996 709,906    
Parent/Issuer [Member]        
Current assets        
Cash and cash equivalents 170 178 178 166
Accounts receivable, net 0 0    
Accounts receivable - affiliates 653,255 425,668    
Inventory 0 0    
Prepaid expenses 617 267    
Derivative instruments   0    
Intangible assets, net 0      
Other current assets 0 0    
Total current assets 654,042 426,113    
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 4,653,951 4,790,976    
Derivative instruments   0    
Deferred income taxes 209,919 183,568    
Long-term inventory 0 0    
Other assets 0 0    
Total assets 5,517,912 5,400,657    
Current liabilities        
Accounts payable 0 0    
Accounts payable - affiliates 41,213 34,382    
Revenues and production taxes payable 0 0    
Accrued liabilities 56 216    
Accrued interest payable 19,855 38,796    
Derivative instruments 0 0    
Advances from joint interest partners 0 0    
Other current liabilities 0 0    
Total current liabilities 61,124 73,394    
Long-term debt 1,945,009 1,949,606    
Deferred income taxes 0 0    
Asset retirement obligations 0 0    
Derivative instruments 0 0    
Other liabilities 0 0    
Total liabilities 2,006,133 2,023,000    
Stockholders’ equity        
Capital contributions from affiliates 0 0    
Common stock, $0.01 par value: 450,000,000 shares authorized; 320,010,501 shares issued and 317,987,427 shares outstanding at June 30, 2018 and 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 3,157 2,668    
Treasury stock, at cost: 2,023,074 and 1,331,548 shares at June 30, 2018 and December 31, 2017, respectively (28,985) (22,179)    
Additional paid-in capital 3,070,642 2,677,217    
Retained earnings 466,965 719,951    
Oasis share of stockholders’ equity 3,511,779 3,377,657    
Non-controlling interests 0 0    
Total stockholders’ equity 3,511,779 3,377,657    
Total liabilities and stockholders’ equity 5,517,912 5,400,657    
Combined Guarantor Subsidiaries [Member]        
Current assets        
Cash and cash equivalents 11,732 15,659 $ 8,310 $ 11,060
Accounts receivable, net 423,130 362,746    
Accounts receivable - affiliates 66,153 46,020    
Inventory 31,409 19,367    
Prepaid expenses 5,731 6,586    
Derivative instruments   344    
Intangible assets, net 375      
Other current assets 192 193    
Total current assets 538,722 450,915    
Property, plant and equipment        
Oil and gas properties (successful efforts method) 8,679,662 7,840,921    
Other property and equipment 212,257 214,818    
Less: accumulated depreciation, depletion, amortization and impairment (2,805,233) (2,499,867)    
Total property, plant and equipment, net 6,086,686 5,555,872    
Investments in and advances to subsidiaries 515,997 422,132    
Derivative instruments   9    
Deferred income taxes 0 0    
Long-term inventory 12,610 12,200    
Other assets 18,207 19,587    
Total assets 7,172,222 6,460,715    
Current liabilities        
Accounts payable 17,182 13,370    
Accounts payable - affiliates 726,151 511,486    
Revenues and production taxes payable 286,897 213,995    
Accrued liabilities 248,097 177,446    
Accrued interest payable 547 53    
Derivative instruments 180,129 115,716    
Advances from joint interest partners 3,878 4,916    
Other current liabilities 40 40    
Total current liabilities 1,462,921 1,037,022    
Long-term debt 522,000 70,000    
Deferred income taxes 440,423 489,489    
Asset retirement obligations 49,860 47,195    
Derivative instruments 33,017 19,851    
Other liabilities 7,775 6,182    
Total liabilities 2,515,996 1,669,739    
Stockholders’ equity        
Capital contributions from affiliates 3,271,788 3,264,691    
Common stock, $0.01 par value: 450,000,000 shares authorized; 320,010,501 shares issued and 317,987,427 shares outstanding at June 30, 2018 and 270,627,014 shares issued and 269,295,466 shares outstanding at December 31, 2017 0 0    
Treasury stock, at cost: 2,023,074 and 1,331,548 shares at June 30, 2018 and December 31, 2017, respectively 0 0    
Additional paid-in capital 9,141 8,922    
Retained earnings 1,236,740 1,379,475    
Oasis share of stockholders’ equity 4,517,669 4,653,088    
Non-controlling interests 138,557 137,888    
Total stockholders’ equity 4,656,226 4,790,976    
Total liabilities and stockholders’ equity $ 7,172,222 $ 6,460,715