XML 88 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fresh Start Accounting - Application of Fresh Start Accounting to Balance Sheet (Details) - USD ($)
$ in Thousands
Oct. 02, 2016
Oct. 01, 2016
Reorganization Adjustments    
Current assets    
Cash and cash equivalents   $ (142,148)
Restricted cash - collateral   50,000
Restricted cash - other   2,840
Accounts receivable, net   12,356
Derivative contracts   0
Prepaid expenses   (8,218)
Other current assets   0
Total current assets   (85,170)
Oil and natural gas properties, using full cost method of accounting    
Proved   0
Unproved   0
Less: accumulated depreciation, depletion and impairment   0
Net oil and natural gas properties capitalized costs   0
Noncurrent Assets    
Other property, plant and equipment, net   (41)
Derivative contracts   0
Other assets   (3,770)
Total assets   (88,981)
Current liabilities    
Accounts payable and accrued expenses   (14,820)
Derivative contracts   0
Asset retirement obligations   0
Total current liabilities   (14,820)
Noncurrent Liabilities    
Long-term debt   731,735
Derivative contracts   0
Asset retirement obligations   0
Other long-term obligations   8,798
Liabilities subject to compromise   (4,346,188)
Total liabilities   (3,620,475)
Equity    
Preferred stock   0
Common stock   19
Additional paid-in capital   739,023
Additional paid-in capital - stockholder receivable   1,250
Treasury stock, at cost   0
Warrants   88,382
Accumulated deficit   2,702,820
Total SandRidge Energy, Inc. stockholders’ (deficit) equity   3,531,494
Noncontrolling interest   0
Total stockholders’ (deficit) equity   3,531,494
Total liabilities and stockholders’ equity (deficit)   (88,981)
Fresh Start Adjustments    
Current assets    
Cash and cash equivalents   0
Restricted cash - collateral   0
Restricted cash - other   0
Accounts receivable, net   0
Derivative contracts   (669)
Prepaid expenses   0
Other current assets   3,217
Total current assets   2,548
Oil and natural gas properties, using full cost method of accounting    
Proved   (11,344,684)
Unproved   (205,578)
Less: accumulated depreciation, depletion and impairment   11,637,538
Net oil and natural gas properties capitalized costs   87,276
Noncurrent Assets    
Other property, plant and equipment, net   (93,782)
Derivative contracts   (70)
Other assets   0
Total assets   (4,028)
Current liabilities    
Accounts payable and accrued expenses   0
Derivative contracts   1,666
Asset retirement obligations   57,105
Total current liabilities   58,771
Noncurrent Liabilities    
Long-term debt   1,610
Derivative contracts   304
Asset retirement obligations   (36,161)
Other long-term obligations   (3)
Liabilities subject to compromise   0
Total liabilities   24,521
Equity    
Preferred stock   (6)
Common stock   (718)
Additional paid-in capital   (5,315,655)
Additional paid-in capital - stockholder receivable   0
Treasury stock, at cost   5,218
Warrants   0
Accumulated deficit   5,282,591
Total SandRidge Energy, Inc. stockholders’ (deficit) equity   (28,570)
Noncontrolling interest   21
Total stockholders’ (deficit) equity   (28,549)
Total liabilities and stockholders’ equity (deficit)   (4,028)
Predecessor    
Current assets    
Cash and cash equivalents   652,680
Restricted cash - collateral   0
Restricted cash - other   0
Accounts receivable, net   61,446
Derivative contracts   10,192
Prepaid expenses   12,514
Other current assets   1,003
Total current assets   737,835
Oil and natural gas properties, using full cost method of accounting    
Proved   12,093,492
Unproved   322,580
Less: accumulated depreciation, depletion and impairment   (11,637,538)
Net oil and natural gas properties capitalized costs   778,534
Noncurrent Assets    
Other property, plant and equipment, net   357,528
Derivative contracts   70
Other assets   12,537
Total assets   1,886,504
Current liabilities    
Accounts payable and accrued expenses   140,448
Derivative contracts   2,982
Asset retirement obligations   8,573
Total current liabilities   152,003
Noncurrent Liabilities    
Long-term debt   0
Derivative contracts   935
Asset retirement obligations   62,896
Other long-term obligations   3
Liabilities subject to compromise   4,346,188
Total liabilities   4,562,025
Equity    
Preferred stock   6
Common stock   718
Additional paid-in capital   5,315,655
Additional paid-in capital—stockholder receivable   (1,250)
Treasury stock, at cost   (5,218)
Warrants   0
Accumulated deficit   (7,985,411)
Total SandRidge Energy, Inc. stockholders’ (deficit) equity   (2,675,500)
Noncontrolling interest   (21)
Total stockholders’ (deficit) equity   (2,675,521)
Total liabilities and stockholders’ equity (deficit)   1,886,504
Predecessor | Reorganization Adjustments    
Current assets    
Prepaid expenses   8,218
Noncurrent Assets    
Other assets   (3,770)
Noncurrent Liabilities    
Liabilities subject to compromise   4,346,188
Noncurrent Liabilities    
Long-term debt   731,735
Equity    
Additional paid-in capital - stockholder receivable   1,250
Equity    
Total SandRidge Energy, Inc. stockholders’ (deficit) equity   827,424
Successor    
Current assets    
Cash and cash equivalents $ 510,532 563,372
Restricted cash - collateral 50,000  
Restricted cash - other 2,840  
Accounts receivable, net 73,802  
Derivative contracts 9,523  
Prepaid expenses 4,296  
Other current assets 4,220  
Total current assets 655,213  
Oil and natural gas properties, using full cost method of accounting    
Proved 748,808  
Unproved 117,002  
Less: accumulated depreciation, depletion and impairment 0  
Net oil and natural gas properties capitalized costs 865,810  
Noncurrent Assets    
Other property, plant and equipment, net 263,705  
Derivative contracts 0  
Other assets 8,767  
Total assets 1,793,495  
Current liabilities    
Accounts payable and accrued expenses 125,628  
Derivative contracts 4,648  
Asset retirement obligations 65,678  
Total current liabilities 195,954 131,766
Noncurrent Liabilities    
Long-term debt 733,345  
Derivative contracts 1,239  
Asset retirement obligations 26,735  
Other long-term obligations 8,798 8,549
Liabilities subject to compromise 0  
Total liabilities 966,071  
Equity    
Preferred stock 0  
Common stock 19  
Additional paid-in capital 739,023  
Additional paid-in capital - stockholder receivable 0  
Treasury stock, at cost 0  
Warrants 88,382  
Accumulated deficit 0 $ 0
Total SandRidge Energy, Inc. stockholders’ (deficit) equity 827,424  
Noncontrolling interest 0  
Total stockholders’ (deficit) equity 827,424  
Total liabilities and stockholders’ equity (deficit) $ 1,793,495