2018 Q4 Form 10-Q Financial Statement

#000170587318000014 Filed on November 09, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $280.3M $142.9M $69.91M
YoY Change 405.96% 104.47%
Cost Of Revenue $58.10M $57.80M $54.50M
YoY Change 27.41% 6.06%
Gross Profit $222.3M $85.20M $15.40M
YoY Change 2168.37% 453.25%
Gross Profit Margin 79.31% 59.6% 22.03%
Selling, General & Admin $26.90M $24.50M $26.00M
YoY Change 1.13% -5.77%
% of Gross Profit 12.1% 28.76% 168.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.30M $21.73M $20.82M
YoY Change 20.9% 4.36% -85.13%
% of Gross Profit 10.93% 25.5% 135.21%
Operating Expenses $51.20M $46.20M $46.90M
YoY Change 9.87% -1.49%
Operating Profit $171.1M $39.00M -$31.50M
YoY Change -564.95% -223.81%
Interest Expense -$4.300M $9.877M $5.882M
YoY Change -28.33% 67.92%
% of Operating Profit -2.51% 25.33%
Other Income/Expense, Net $100.0K -$9.530M -$4.727M
YoY Change 101.61%
Pretax Income $171.7M $44.67M -$15.93M
YoY Change -515.74% -380.4%
Income Tax $39.90M $7.683M -$6.246M
% Of Pretax Income 23.24% 17.2%
Net Earnings $131.8M $36.99M -$9.684M
YoY Change -477.65% -481.92%
Net Earnings / Revenue 47.02% 25.87% -13.85%
Basic Earnings Per Share -$0.70 -$0.38
Diluted Earnings Per Share $1.619M -$0.70 -$0.38
COMMON SHARES
Basic Shares Outstanding 81.64M shares 70.94M shares 40.00M shares
Diluted Shares Outstanding 70.94M shares 40.00M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.70M $23.90M $2.900M
YoY Change 102.65% 724.14%
Cash & Equivalents $68.68M $23.86M $2.927M
Short-Term Investments
Other Short-Term Assets $464.0K $1.228M $52.10M
YoY Change -62.18% -97.64%
Inventory $9.500M $7.100M $4.800M
Prepaid Expenses $4.656M $4.945M
Receivables $57.38M $65.76M $51.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $229.0M $102.9M $111.3M
YoY Change 66.53% -7.54%
LONG-TERM ASSETS
Property, Plant & Equipment $103.9M $104.9M $1.386B
YoY Change 4.43% -92.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.24M $18.34M $82.10M
YoY Change -20.49% -77.66%
Total Long-Term Assets $1.463B $1.437B $1.468B
YoY Change 3.86% -2.14%
TOTAL ASSETS
Total Short-Term Assets $229.0M $102.9M $111.3M
Total Long-Term Assets $1.463B $1.437B $1.468B
Total Assets $1.692B $1.540B $1.579B
YoY Change 9.43% -2.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.60M $10.50M $109.0M
YoY Change -86.11% -90.37%
Accrued Expenses $66.42M $54.97M
YoY Change 75.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $100.0K $35.00M
YoY Change -100.0% -99.71%
Total Short-Term Liabilities $144.1M $144.3M $150.8M
YoY Change -21.1% -4.33%
LONG-TERM LIABILITIES
Long-Term Debt $391.8M $391.5M $379.0M
YoY Change 3.37% 3.3%
Other Long-Term Liabilities $14.90M $15.62M $163.2M
YoY Change 302.32% -90.43%
Total Long-Term Liabilities $406.7M $407.1M $542.2M
YoY Change 6.27% -24.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $144.1M $144.3M $150.8M
Total Long-Term Liabilities $406.7M $407.1M $542.2M
Total Liabilities $550.8M $551.4M $701.8M
YoY Change -2.57% -21.43%
SHAREHOLDERS EQUITY
Retained Earnings $116.0M -$5.734M
YoY Change -650.8%
Common Stock $82.00K $81.00K
YoY Change 148.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.22M $20.27M
YoY Change
Treasury Stock Shares
Shareholders Equity $1.006B $889.1M $893.2M
YoY Change
Total Liabilities & Shareholders Equity $1.692B $1.540B $1.579B
YoY Change 9.43% -2.52%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $131.8M $36.99M -$9.684M
YoY Change -477.65% -481.92%
Depreciation, Depletion And Amortization $24.30M $21.73M $20.82M
YoY Change 20.9% 4.36% -85.13%
Cash From Operating Activities $95.80M $56.80M -$9.200M
YoY Change 33.8% -717.39% -378.79%
INVESTING ACTIVITIES
Capital Expenditures -$41.50M -$40.40M -$237.0M
YoY Change 654.55% -82.95% 794.34%
Acquisitions
YoY Change
Other Investing Activities $4.800M $400.0K $234.8M
YoY Change -1060.0% -99.83% 338.06%
Cash From Investing Activities -$36.70M -$40.10M -$2.200M
YoY Change 511.67% 1722.73% -108.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.30M -16.30M 169.7M
YoY Change -92.77% -109.61% -10082.35%
NET CHANGE
Cash From Operating Activities 95.80M 56.80M -9.200M
Cash From Investing Activities -36.70M -40.10M -2.200M
Cash From Financing Activities -14.30M -16.30M 169.7M
Net Change In Cash 44.80M 400.0K 158.3M
YoY Change -133.89% -99.75% 451.57%
FREE CASH FLOW
Cash From Operating Activities $95.80M $56.80M -$9.200M
Capital Expenditures -$41.50M -$40.40M -$237.0M
Free Cash Flow $137.3M $97.20M $227.8M
YoY Change 78.08% -57.33% 664.43%

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CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 USD
CY2018Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7431000 USD
CY2018Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
7431000 USD
CY2018Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5600000 USD
CY2018Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
5600000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.38
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.38
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.59
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1994000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.40
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.17
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.17
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
600000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
5642000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-129902000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
20687000 USD
CY2017Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
20692000 USD
CY2018Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-400000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-522000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43529000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11729000 USD
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13429000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
37896000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23001000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-15930000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
44668000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18479000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9189000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6246000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7683000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3145000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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70505000 USD
us-gaap Weighted Average Number Of Shares Contingently Issuable
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7080000 shares
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
11416000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
5574000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3095000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11546000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
11397000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
774000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
16433000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-6056000 USD
CY2018Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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0 shares
us-gaap Interest Expense
InterestExpense
12482000 USD
CY2017Q3 us-gaap Interest Expense
InterestExpense
5882000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
9877000 USD
us-gaap Interest Expense
InterestExpense
26828000 USD
us-gaap Interest Paid
InterestPaid
9987000 USD
us-gaap Interest Paid
InterestPaid
19199000 USD
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
0 USD
CY2018Q3 us-gaap Interest Payable Current
InterestPayableCurrent
3529000 USD
CY2017Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
5938000 USD
CY2018Q3 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
7060000 USD
CY2018Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2844000 USD
CY2018Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
326000 USD
CY2018Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
321000 USD
CY2018Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
362000 USD
CY2018Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
229000 USD
CY2018Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
316000 USD
CY2018Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1290000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1546402000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1539607000 USD
CY2017Q4 us-gaap Liabilities Current
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182659000 USD
CY2018Q3 us-gaap Liabilities Current
LiabilitiesCurrent
144267000 USD
CY2017Q4 us-gaap Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
35000000 USD
CY2017Q4 us-gaap Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
34833000 USD
CY2018Q3 us-gaap Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
57000 USD
CY2018Q3 us-gaap Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
100000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
379000000 USD
CY2018Q3 us-gaap Long Term Debt
LongTermDebt
391512000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
379000000 USD
CY2018Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
391512000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1674000 USD
CY2017Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
674000 USD
CY2018Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
437000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1424000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
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30216000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments For Repurchase Of Convertible Preferred Stock
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0 USD
us-gaap Payments For Repurchase Of Convertible Preferred Stock
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60273000 USD
us-gaap Payments Of Debt Issuance Costs
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22049000 USD
us-gaap Payments Of Debt Issuance Costs
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9173000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
11377000 USD
us-gaap Net Income Loss
NetIncomeLoss
13812000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
12119000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-9684000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
6410000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
36985000 USD
us-gaap Net Income Loss
NetIncomeLoss
15334000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1131000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-15169000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-49657000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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-82608000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8411000 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9530000 USD
us-gaap Nonoperating Income Expense
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-26693000 USD
CY2017Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
54785000 USD
CY2018Q3 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
106128000 USD
CY2017Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
1342453000 USD
CY2018Q3 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
1419589000 USD
CY2017Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
1287668000 USD
CY2018Q3 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
1313461000 USD
CY2017Q4 us-gaap Other Assets Current
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1227000 USD
CY2018Q3 us-gaap Other Assets Current
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1228000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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21687000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
18338000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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3704000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
15617000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4071000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1155000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
347000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
135000 USD
us-gaap Payments For Repurchase Of Common Stock
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0 USD
us-gaap Payments For Repurchase Of Common Stock
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23712000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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11301000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
422000 USD
us-gaap Payments To Acquire Oil And Gas Property
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259444000 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
0 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
11497000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
11305000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
38445000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
74447000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
12681000 USD
CY2017Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5485000 USD
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
86642000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
97942000 USD
CY2018Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
0.15
CY2018Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.158
CY2018Q2 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.15
CY2018Q1 us-gaap Preferred Stock Dividends Shares
PreferredStockDividendsShares
1825000 shares
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
250000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
250000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
35845001 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
335000000 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14066000 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
13233000 USD
CY2017Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6901000 USD
CY2018Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4945000 USD
us-gaap Proceeds From Issuance Initial Public Offering
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0 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
134362000 USD
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 USD
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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0 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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0 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
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400000000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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234823000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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3377000 USD
CY2018Q3 us-gaap Production Barrels Of Oil Equivalents1
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0.7 MBoe
CY2017Q4 us-gaap Property Plant And Equipment Gross
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104879000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
116149000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
99523000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
104905000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
970000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Reorganization Items
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1001000 USD
CY2017Q3 us-gaap Reorganization Items
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408000 USD
CY2018Q3 us-gaap Reorganization Items
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us-gaap Reorganization Items
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CY2017Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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35000000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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34833000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
57000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
52860000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
125000 USD
us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
18645000 USD
CY2017Q3 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
5586000 USD
CY2018Q3 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
2318000 USD
us-gaap Results Of Operations Transportation Costs
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7640000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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us-gaap Revenues
Revenues
264286000 USD
CY2017Q3 us-gaap Revenues
Revenues
69910000 USD
CY2018Q3 us-gaap Revenues
Revenues
142947000 USD
us-gaap Revenues
Revenues
306211000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
902000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3502000 USD
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1396000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
210400 shares
CY2018Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
134362000 USD
CY2018Q3 us-gaap Stock Repurchased And Retired During Period Value
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23712000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
889904000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
902023000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
893241000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
859310000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
861112000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
808496000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
889110000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
878527000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
25112000 USD
CY2017Q3 us-gaap Taxes Excluding Income And Excise Taxes
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11782000 USD
CY2018Q3 us-gaap Taxes Excluding Income And Excise Taxes
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8317000 USD
us-gaap Taxes Excluding Income And Excise Taxes
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25288000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
0 USD
CY2018Q3 us-gaap Treasury Stock Value
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20265000 USD
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
20006000 USD
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
259000 USD
CY2018Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
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4000000 USD
CY2018Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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10000000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
602000 shares
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40602000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75211000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51900000 shares
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7080000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7080000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7080000 shares
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7080000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
32920000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
32920000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
68131000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
44820000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40000000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75211000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51900000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates </font></div><div style="line-height:120%;padding-bottom:13px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP required management of the Company to make informed estimates and assumptions about future events. These estimates and the underlying assumptions affect the amount of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses.</font></div><div style="line-height:120%;padding-bottom:13px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As fair value is a market-based measurement, it was determined based on the assumptions that we believe market participants would use. We based these assumptions on management's best estimates and judgment. Management evaluates its assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, that management believes to be reasonable under the circumstances. Such assumptions are adjusted when management determines that facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates.</font></div><div style="line-height:120%;padding-bottom:13px;padding-top:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimates that are particularly significant to our financial statements include estimates of our reserves of oil and gas, future cash flows from oil and gas properties, depreciation, depletion and amortization, asset retirement obligations, certain revenues and expenses, fair values of commodity derivatives and fair values of assets acquired and liabilities assumed. In addition, as part of fresh-start accounting, we made estimates and assumptions related to our reorganization value, liabilities subject to compromise and the fair value of assets and liabilities recorded.</font></div></div>

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