| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Cash flows from operating activities: | |||||||||
Net (loss) income | |||||||||
315,000 | 945,000 | 517,000 | -164,908 | -547,790 | 195,971 | 54,587 | -36,521 | -386 | 8,231 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||||
Provision for (benefit from) deferred income taxes | |||||||||
47,000 | 168,000 | -20,000 | 0 | -201,545 | 108,985 | 31,563 | 54,903 | 0 | 0 |
Excess tax benefit from stock-based compensation | |||||||||
- | - | - | - | - | - | 749 | 0 | 0 | - |
Impairment of oil and natural gas properties | |||||||||
790,000 | 0 | 0 | 245,536 | 814,798 | 0 | 0 | - | - | - |
Asset Retirement Obligation, Accretion Expense | |||||||||
7,000 | 2,000 | 1,000 | 1,064 | 833 | 467 | 201 | 98 | 65 | 38 |
Depreciation, depletion and amortization | |||||||||
1,447,000 | 623,000 | 327,000 | 178,015 | 217,697 | 170,005 | 66,597 | 26,273 | 16,104 | 8,145 |
Amortization of debt issuance costs | |||||||||
9,000 | 12,000 | 4,000 | 2,717 | 2,601 | 2,125 | 1,018 | 494 | 250 | 163 |
Loss on early extinguishment of debt | |||||||||
-56,000 | 0 | 0 | -33,134 | 0 | 0 | - | - | - | - |
Change in fair value of derivative instruments | |||||||||
-188,000 | 222,000 | -84,000 | -26,522 | -112,918 | 117,109 | 5,346 | 2,617 | -13,009 | -148 |
Income (Loss) from Equity Method Investments | |||||||||
-6,000 | 0 | 1,000 | 676 | 0 | 0 | - | -67 | 0 | 0 |
Loss (gain) on revaluation of investment | |||||||||
-5,000 | 1,000 | 0 | 0 | - | - | - | - | - | - |
Equity-based compensation expense | |||||||||
48,000 | 27,000 | 26,000 | 26,453 | 18,529 | 9,816 | 1,752 | 3,482 | 544 | 0 |
(Gain) loss on sale of assets, net | |||||||||
1,000 | -3,000 | 1,000 | 61 | -668 | -1,396 | 39 | 37 | 23 | 5 |
Gain on sale of inventory | |||||||||
1,000 | 0 | 0 | - | - | - | - | - | - | - |
Accounts receivable-related party | |||||||||
- | - | - | -1,294 | -2,149 | 2,699 | 532 | -6,096 | 4,133 | 6,793 |
Restricted cash | |||||||||
5,000 | 0 | 0 | 0 | 0 | 500 | 0 | 0 | - | - |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
187,000 | -13,000 | 97,000 | 35,030 | -8,998 | 39,442 | 19,973 | 5,036 | 1,547 | 1,822 |
Inventories | |||||||||
10,000 | 14,000 | 2,000 | 255 | -224 | -915 | -554 | 639 | 872 | 4,897 |
Prepaid expenses and other | |||||||||
-29,000 | -25,000 | 11,000 | 709 | 1,310 | 4,601 | 271 | 606 | 202 | 326 |
Accounts payable and accrued liabilities | |||||||||
-129,000 | -7,000 | 37,000 | 15,922 | 802 | 6,829 | 20,588 | 7,151 | 2,656 | 1,954 |
Accounts payable and accrued liabilities-related party | |||||||||
- | - | - | -216 | 218 | -17 | -128 | -1,218 | 830 | -409 |
Income tax payable | |||||||||
0 | -1,000 | 1,000 | 0 | 0 | - | - | - | - | - |
Accrued interest | |||||||||
-5,000 | -22,000 | -21,000 | -3,161 | -255 | 3,473 | 0 | 0 | - | - |
Revenues and royalties payable | |||||||||
135,000 | 12,000 | 45,000 | 6,439 | -13,034 | 20,775 | 5,955 | 105 | 2,666 | -499 |
Revenues and royalties payable-related party | |||||||||
- | - | - | - | - | - | - | -2,303 | 2,037 | -266 |
Net cash provided by operating activities | |||||||||
2,734,000 | 1,565,000 | 889,000 | 332,080 | 416,501 | 356,389 | 155,777 | 49,692 | 30,998 | 5,192 |
Cash flows from investing activities: | |||||||||
Drilling, completions and non-operated additions to oil and natural gas properties | |||||||||
2,557,000 | 1,359,000 | 737,000 | 362,450 | 419,241 | 494,708 | 278,809 | 90,415 | 58,160 | 36,950 |
Infrastructure additions to oil and natural gas properties | |||||||||
120,000 | 102,000 | 56,000 | - | - | - | - | - | - | - |
Additions to oil and natural gas properties-related party | |||||||||
- | - | - | 637 | 271 | 3,631 | 13,777 | 9,675 | 22,014 | - |
Additions to midstream assets | |||||||||
244,000 | 204,000 | 68,000 | 1,188 | 0 | 1,509 | 5,127 | 0 | 0 | 1,250 |
Purchase of other property, equipment and land | |||||||||
5,000 | 7,000 | 23,000 | 9,891 | 1,213 | 44,213 | 2,234 | 1,102 | 7,065 | 11,741 |
Acquisition of leasehold interests | |||||||||
443,000 | 1,371,000 | 1,961,000 | 611,280 | 437,455 | 845,826 | 177,343 | 11,707 | 0 | 7,624 |
Acquisition of Gulfport properties | |||||||||
- | - | - | - | - | - | 18,550 | 63,590 | 0 | 0 |
Acquisitions of mineral interests | |||||||||
333,000 | 440,000 | 407,000 | 205,721 | 43,907 | 57,689 | 444,083 | 0 | 0 | - |
Acquisition of midstream assets | |||||||||
0 | 0 | 50,000 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of assets | |||||||||
300,000 | 80,000 | 66,000 | 4,661 | 9,739 | 56 | 72 | 48 | 55 | 20 |
Investment in real estate | |||||||||
1,000 | 111,000 | 0 | 0 | - | - | - | - | - | - |
Funds held in escrow | |||||||||
0 | -11,000 | -104,000 | 121,391 | 0 | 0 | - | - | - | - |
Purchase of other investments | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Contributions to equity method investments | |||||||||
485,000 | 0 | 0 | 2,345 | 2,702 | 34,477 | 0 | 0 | - | - |
Settlement of non-hedge derivative instruments | |||||||||
- | - | - | - | - | - | 289 | 8,963 | 4,127 | 3,963 |
Receipt on derivative margins | |||||||||
- | - | - | - | - | - | - | 2,326 | 4,203 | 3,772 |
Deconsolidation of Bison | |||||||||
- | - | - | - | - | - | - | - | 10 | 0 |
Proceeds from sale of membership interest in equity investment | |||||||||
- | - | - | - | - | - | - | - | 6,010 | 0 |
Net cash used in investing activities | |||||||||
-3,888,000 | -3,503,000 | -3,132,000 | -1,310,242 | -895,050 | -1,481,997 | -940,140 | -183,078 | -81,108 | -55,236 |
Cash flows from financing activities: | |||||||||
Proceeds from borrowings under credit facility | |||||||||
2,350,000 | 2,652,000 | 754,000 | 164,000 | 425,001 | 509,400 | 59,000 | 15,000 | 40,233 | 61,066 |
Repayments under credit facility | |||||||||
3,718,000 | 1,242,000 | 384,000 | 89,000 | 603,001 | 295,900 | 49,000 | 100,000 | 0 | 23,950 |
Repayment on Energen's credit facility | |||||||||
0 | 559,000 | 0 | - | - | - | - | - | - | - |
Proceeds from senior notes | |||||||||
3,469,000 | 1,062,000 | 0 | 1,000,000 | 0 | 0 | 450,000 | 0 | 0 | - |
Repayment of senior notes | |||||||||
1,250,000 | 0 | 0 | 450,000 | 0 | 0 | - | - | - | - |
Proceeds from joint venture | |||||||||
39,000 | 0 | 0 | - | - | - | - | - | - | - |
Premium on extinguishment of debt | |||||||||
44,000 | 0 | 0 | 26,561 | 0 | 0 | - | - | - | - |
Proceeds from note payable - related party | |||||||||
- | - | - | - | - | - | - | 30,000 | 0 | 0 |
Payment of note payable - related party | |||||||||
- | - | - | - | - | - | - | 30,050 | 0 | 0 |
Debt issuance costs | |||||||||
18,000 | 25,000 | 9,000 | 15,063 | 526 | 3,469 | 12,361 | 450 | 770 | 718 |
Public offering costs | |||||||||
41,000 | 3,000 | 1,000 | 1,182 | 586 | 2,994 | 1,009 | 2,887 | 30 | 0 |
Proceeds from public offerings | |||||||||
1,106,000 | 305,000 | 370,000 | 2,051,503 | 650,688 | 928,432 | 322,680 | 237,164 | 0 | - |
Proceeds from exercise of unit options | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Proceeds from exercise of stock options | |||||||||
9,000 | 0 | 0 | 498 | 4,873 | 7,081 | 3,501 | 0 | 0 | - |
Repurchased shares for tax withholdings | |||||||||
13,000 | 14,000 | 0 | 0 | - | - | - | - | - | - |
Repurchased shares as part of share buyback | |||||||||
593,000 | 0 | 0 | - | - | - | - | - | - | - |
Dividends to stockholders | |||||||||
112,000 | 37,000 | 0 | 0 | - | - | - | - | - | - |
Other postemployment benefit changes | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Excess tax benefits of stock-based compensation | |||||||||
- | - | - | - | - | - | 749 | 0 | 0 | - |
Distributions to non-controlling interest | |||||||||
122,000 | 98,000 | 41,000 | 9,574 | 7,968 | 2,314 | 0 | 0 | - | - |
Proceeds from initial public offering | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Contributions by members | |||||||||
- | - | - | - | - | - | - | 4,008 | 13,517 | 20,914 |
Distributions to members | |||||||||
- | - | - | - | - | - | - | - | - | 5,579 |
Net cash provided by financing activities | |||||||||
1,062,000 | 2,041,000 | 689,000 | 2,624,621 | 468,481 | 1,140,236 | 773,560 | 152,785 | 52,950 | 51,733 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-92,000 | 103,000 | -1,554,000 | 1,646,459 | -10,068 | 14,628 | -10,803 | 19,399 | 2,840 | 1,689 |
Supplemental disclosure of cash flow information: | |||||||||
Interest paid, net of capitalized interest | |||||||||
237,000 | 114,000 | 58,000 | 38,177 | 38,758 | 31,621 | 404 | 3,017 | 2,265 | 600 |
Cash paid for income taxes | |||||||||
0 | 1,000 | 0 | 192 | 267 | 0 | 0 | - | - | - |
Supplemental disclosure of non-cash transactions: | |||||||||
Asset retirement obligation incurred | |||||||||
- | - | - | - | - | - | - | - | 297 | 223 |
Asset retirement obligation incurred | |||||||||
- | - | - | - | - | - | 226 | 201 | 297 | - |
Asset retirement obligation revisions in estimated liability | |||||||||
- | - | - | - | - | - | 0 | 185 | 0 | - |
Change in accrued capital expenditures | |||||||||
-20,000 | 274,000 | 161,000 | 413 | -69,460 | 54,748 | 45,252 | 15,478 | - | - |
Capitalized stock-based compensation | |||||||||
17,000 | 10,000 | 9,000 | 7,079 | 6,043 | 4,437 | 972 | 2,537 | - | - |
Asset Retirement Obligation, Liabilities Acquired | |||||||||
4,000 | 111,000 | 2,000 | 3,696 | 3,159 | - | 471 | 562 | 0 | - |
Distribution of equity method investments | |||||||||
- | - | - | - | - | - | - | 10,504 | 0 | 0 |
Note payable exchanged for equipment | |||||||||
- | - | - | - | - | - | - | 411 | 0 | 0 |
Property Contributed | |||||||||
- | - | - | - | - | - | - | - | - | 7,594 |
Common stock issued as a result of the Gulfport transaction | |||||||||
- | - | - | - | - | - | - | 138,496 | 0 | 0 |
Asset retirement obligation acquired as a result of the Gulfport transaction | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Post-closing adjustment payable as a result of the Gulfport transaction | |||||||||
- | - | - | - | - | - | - | 18,550 | 0 | 0 |
Energen [Member] | |||||||||
Repayments of Lines of Credit | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Common stock issued for Ajax | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Ajax Acquisition | |||||||||
Common stock issued | |||||||||
0 | 340,000 | 0 | 0 | 0 | - | - | - | - | - |
Brigham | |||||||||
Common stock issued | |||||||||
0 | 0 | 809,000 | 0 | - | - | - | - | - | - |