Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2015 |
Sep. 30, 2014 |
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| Revenues | ||||
| Oil and natural gas revenues | $ 71,815 | $ 96,617 | $ 222,128 | $ 274,605 |
| Realized gain (loss) on derivatives | 19,862 | (701) | 52,146 | (5,458) |
| Unrealized gain (loss) on derivatives | 6,733 | 16,293 | (25,356) | 7,950 |
| Total revenues | 98,410 | 112,209 | 248,918 | 277,097 |
| Expenses | ||||
| Production taxes and marketing | 9,291 | 8,617 | 26,598 | 23,739 |
| Lease operating | 14,917 | 13,691 | 42,912 | 34,747 |
| Depletion, depreciation and amortization | 45,237 | 35,143 | 143,477 | 90,970 |
| Accretion of asset retirement obligations | 182 | 130 | 427 | 371 |
| Full-cost ceiling impairment | 285,721 | 0 | 581,874 | 0 |
| General and administrative | 12,151 | 8,099 | 38,523 | 23,417 |
| Total expenses | 367,499 | 65,680 | 833,811 | 173,244 |
| Operating (loss) income | (269,089) | 46,529 | (584,893) | 103,853 |
| Other income (expense) | ||||
| Net loss on asset sales and inventory impairment | 0 | 0 | (97) | 0 |
| Interest expense | (7,229) | (673) | (15,168) | (3,685) |
| Interest and other income | 999 | 267 | 1,885 | 715 |
| Total other expense | (6,230) | (406) | (13,380) | (2,970) |
| (Loss) income before income taxes | (275,319) | 46,123 | (598,273) | 100,883 |
| Income tax (benefit) provision | ||||
| Current | (295) | (156) | (295) | 2,658 |
| Deferred | (33,010) | 16,660 | (148,750) | 34,017 |
| Total income tax (benefit) provision | (33,305) | 16,504 | (149,045) | 36,675 |
| Net (loss) income | (242,014) | 29,619 | (449,228) | 64,208 |
| Net income attributable to non-controlling interest in subsidiary | (45) | 0 | (156) | 0 |
| Net (loss) income attributable to Matador Resources Company shareholders | $ (242,059) | $ 29,619 | $ (449,384) | $ 64,208 |
| Earnings (loss) per common share | ||||
| Basic (in dollars per share) | $ (2.86) | $ 0.40 | $ (5.58) | $ 0.93 |
| Diluted (in dollars per share) | $ (2.86) | $ 0.40 | $ (5.58) | $ 0.92 |
| Weighted average common shares outstanding | ||||
| Basic (shares) | 84,685 | 73,341 | 80,481 | 69,185 |
| Diluted (shares) | 84,685 | 74,028 | 80,481 | 69,879 |
| X | ||||||||||
- Definition Taxes assessed on oil and gas production, and compression, transportation and marketing expenses. No definition available.
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| X | ||||||||||
- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) from the difference between the sale price or salvage price and the book value of an asset that was sold or retired, and gain (loss) from the write down of assets from their carrying value to fair value. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of Income (Loss) attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of lease operating expense related to property used in oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Revenue from the sale of oil and gas during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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