| Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Dec'15 |
|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets: | |||||||||
Cash and cash equivalents | |||||||||
14 | 1 | 19 | 7 | 0 | 5 | 14 | 93 | 3 | 43 |
Accounts receivable, net | |||||||||
91 | 111 | 109 | 92 | 84 | 60 | 41 | 27 | 26 | 13 |
Derivative instruments | |||||||||
54 | 0 | 0 | 0 | 2 | 2 | 28 | 5 | 0 | 7 |
Prepaid expenses and other current assets | |||||||||
7 | 5 | 4 | 5 | 3 | 3 | 3 | 2 | 1 | 2 |
Total current assets | |||||||||
168 | 118 | 132 | 105 | 89 | 71 | 88 | 128 | 31 | 66 |
Property and equipment: | |||||||||
Oil and gas properties | |||||||||
3,457 | 3,271 | 3,007 | 2,734 | 2,999 | 2,716 | 2,475 | 1,666 | 1,573 | 983 |
Other property and equipment | |||||||||
107 | 79 | 53 | 33 | 53 | 47 | 41 | 36 | 34 | 30 |
Accumulated depreciation, depletion and amortization | |||||||||
518 | 426 | 351 | 280 | 368 | 311 | 259 | 226 | 200 | 118 |
Total property and equipment, net | |||||||||
3,047 | 2,924 | 2,709 | 2,487 | 2,684 | 2,451 | 2,256 | 1,476 | 1,407 | 895 |
Other noncurrent assets: | |||||||||
Restricted cash | |||||||||
- | - | - | - | - | 0 | 0 | 0 | 0 | 0 |
Derivative instruments | |||||||||
18 | 0 | 0 | 0 | 0 | 9 | 24 | 8 | 0 | 2 |
Debt issuance costs | |||||||||
3 | 3 | 3 | 3 | 3 | 2 | 3 | 1 | 2 | 0 |
Other | |||||||||
17 | 17 | 13 | 13 | - | - | - | 1 | - | - |
Total assets | |||||||||
3,255 | 3,064 | 2,859 | 2,609 | 2,778 | 2,536 | 2,373 | 1,617 | 1,442 | 966 |
LIABILITIES AND EQUITY | |||||||||
Current liabilities: | |||||||||
Accounts payable | |||||||||
76 | 66 | 65 | 50 | 53 | 31 | 25 | 19 | 21 | 34 |
Accrued liabilities | |||||||||
124 | 169 | 193 | 159 | 199 | 135 | 125 | 56 | 23 | 28 |
Derivative instruments | |||||||||
0 | 131 | 107 | 67 | 58 | 3 | 0 | 4 | 14 | - |
Asset retirement obligations | |||||||||
- | - | - | - | - | 0 | 0 | 0 | - | 0 |
Total current liabilities | |||||||||
201 | 367 | 366 | 277 | 311 | 170 | 151 | 80 | 58 | 63 |
Noncurrent liabilities: | |||||||||
Long-term debt | |||||||||
1,191 | 1,085 | 935 | 793 | 770 | 642 | 485 | 338 | 242 | 237 |
Asset retirement obligations | |||||||||
8 | 7 | 7 | 7 | 14 | 14 | 13 | 10 | 10 | 6 |
Notes payable to members (Note 14) | |||||||||
- | - | - | - | - | - | - | - | - | 6 |
Deferred tax liabilities | |||||||||
112 | 44 | 20 | 33 | 71 | 132 | 139 | 124 | 112 | 0 |
Derivative instruments | |||||||||
- | 81 | 61 | 22 | 18 | 1 | 0 | 0 | 8 | - |
Other | |||||||||
2 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
Total noncurrent liabilities | |||||||||
1,314 | 1,220 | 1,026 | 858 | 876 | 792 | 639 | 475 | 375 | 253 |
Total liabilities | |||||||||
1,515 | 1,588 | 1,392 | 1,136 | 1,187 | 962 | 791 | 556 | 434 | 317 |
Commitments and contingencies (Note 18) | |||||||||
- | 0 | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 |
Temporary equity | |||||||||
Preferred Stock, $0.01 par value: 50,000,000 shares authorized | |||||||||
- | - | - | 0 | - | - | - | 0 | - | 0 |
Preferred stock | |||||||||
- | 447 | 447 | 446 | - | 438 | 432 | - | 0 | - |
Stockholders' equity: | |||||||||
Common stock, $0.01 par value 500,000,000 shares authorized; 101,793,855 shares and 101,137,277 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively | |||||||||
1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | - |
Additional paid-in capital | |||||||||
1,153 | 1,146 | 1,141 | 1,123 | 1,118 | 1,114 | 1,112 | 1,050 | 1,017 | - |
Accumulated earnings | |||||||||
136 | -118 | -123 | -97 | 25 | 18 | 36 | 9 | -10 | - |
Total stockholders' equity | |||||||||
1,291 | 1,028 | 1,018 | 1,027 | 1,145 | 1,134 | 1,149 | 1,061 | 1,007 | 648 |
Predecessor | |||||||||
- | - | - | - | - | - | - | - | - | 274 |
Previous owner | |||||||||
- | - | - | - | - | - | - | - | - | 374 |
Total liabilities and equity | |||||||||
3,255 | 3,064 | 2,859 | 2,609 | 2,778 | 2,536 | 2,373 | 1,617 | 1,442 | 966 |
Series A Perpetual Convertible Preferred Stock | |||||||||
Preferred stock | |||||||||
447 | - | - | - | 445 | - | - | - | - | - |