XML 66 R48.htm IDEA: XBRL DOCUMENT v3.20.4
FRESH-START ACCOUNTING - Balance sheet effects (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Jun. 30, 2020
Dec. 31, 2019
Oct. 02, 2019
Oct. 01, 2019
Sep. 30, 2019
Dec. 31, 2018
Dec. 31, 2017
Current assets:                
Cash and cash equivalents         $ 17,009      
Cash and cash equivalents $ 4,295   $ 5,701 $ 15,546 15,546      
Accounts receivable, net 32,242   48,504 37,826 37,826      
Assets from derivative contracts 8,559   4,995 15,310 15,310      
Restricted cash       13,839        
Prepaids and other 2,740   7,379 10,290 14,642      
Total current assets 47,836   71,153 92,811 84,787      
Oil and natural gas properties (full cost method):                
Evaluated 509,274   420,609 380,364 2,155,288      
Unevaluated 75,494   105,009 108,954 438,365      
Gross oil and natural gas properties 584,768   525,618 489,318 2,593,653      
Less - accumulated depletion (295,163)   (19,474)   (1,709,719)      
Net oil and natural gas properties 289,605   506,144 489,318 883,934      
Other operating property and equipment:                
Other operating property and equipment 3,535   3,655 3,655 203,373      
Less - accumulated depreciation (1,149)   (378)   (14,416)      
Net other operating property and equipment 2,386   3,277 3,655 188,957      
Other noncurrent assets:                
Assets from derivative contracts 4,009   224 4,120 4,120      
Operating lease right of use assets 310   3,165 3,394 3,694      
Funds in escrow and other 2,351   703 1,138 1,138      
Other 2,351   703          
Total assets 346,497   584,666 594,436 1,166,630      
Current liabilities:                
Accounts payable and accrued liabilities 58,928   97,333 115,305 112,578      
Liabilities from derivative contracts 22,125   8,069 6,829 6,829      
Current portion of long-term debt, net 1,720       258,234      
Operating lease liabilities 403 $ 500 923 913 1,337      
Asset retirement obligations     109          
Total current liabilities 83,176   106,434 123,047 378,978      
Long-term debt, net 158,489   144,000 130,000        
Liabilities subject to compromise         625,005      
Other noncurrent liabilities:                
Liabilities from derivative contracts 4,291   4,854 1,625 1,625      
Asset retirement obligations 10,583   10,481 10,153 10,153      
Operating lease liabilities     2,247 2,482 2,438      
Commitments and contingencies        
Stockholders' equity:                
Common stock 2   2 2 16      
Additional paid-in capital 330,123   327,108 327,127 1,087,441      
Retained earnings (accumulated deficit) (240,167)   (10,460)   (939,026)      
Total stockholders' equity 89,958   316,650 327,129 148,431 $ 30,477 $ 1,197,044 $ 1,071,998
Total liabilities and stockholders' equity $ 346,497   584,666 $ 594,436 1,166,630      
Reorganization Adjustments                
Current assets:                
Cash and cash equivalents         (1,463)      
Restricted cash         13,839      
Prepaids and other         7,110      
Total current assets         19,486      
Other noncurrent assets:                
Total assets         19,486      
Current liabilities:                
Accounts payable and accrued liabilities         2,727      
Current portion of long-term debt, net         (258,234)      
Total current liabilities         (255,507)      
Long-term debt, net         130,000      
Liabilities subject to compromise         (625,005)      
Other noncurrent liabilities:                
Commitments and contingencies              
Stockholders' equity:                
Common stock     2   (16)      
Additional paid-in capital     $ 327,127   (1,087,441)      
Retained earnings (accumulated deficit)         1,530,326      
Total stockholders' equity         769,998      
Total liabilities and stockholders' equity         19,486      
Fresh Start Adjustments                
Current assets:                
Prepaids and other         (11,462)      
Total current assets         (11,462)      
Oil and natural gas properties (full cost method):                
Evaluated         (1,774,924)      
Unevaluated         (329,411)      
Gross oil and natural gas properties         (2,104,335)      
Less - accumulated depletion         1,709,719      
Net oil and natural gas properties         (394,616)      
Other operating property and equipment:                
Other operating property and equipment         (199,718)      
Less - accumulated depreciation         14,416      
Net other operating property and equipment         (185,302)      
Other noncurrent assets:                
Operating lease right of use assets         (300)      
Total assets         (591,680)      
Current liabilities:                
Operating lease liabilities         (424)      
Total current liabilities         (424)      
Other noncurrent liabilities:                
Operating lease liabilities         44      
Commitments and contingencies              
Stockholders' equity:                
Retained earnings (accumulated deficit)         (591,300)      
Total stockholders' equity         (591,300)      
Total liabilities and stockholders' equity         $ (591,680)