2018 Q4 Form 10-K Financial Statement

#000170587320000014 Filed on February 27, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q4 2017 Q1
Revenue $280.3M $55.40M $92.72M
YoY Change 405.96% -43.41%
Cost Of Revenue $58.10M $45.60M $45.60M
YoY Change 27.41% -11.46%
Gross Profit $222.3M $9.800M $106.7M
YoY Change 2168.37% -78.83%
Gross Profit Margin 79.31% 17.69% 115.08%
Selling, General & Admin $26.90M $26.60M $36.60M
YoY Change 1.13% -6.67%
% of Gross Profit 12.1% 271.43% 34.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.30M $20.10M $28.15M
YoY Change 20.9% -47.38%
% of Gross Profit 10.93% 205.1% 26.38%
Operating Expenses $51.20M $46.60M $71.80M
YoY Change 9.87% -30.13%
Operating Profit $171.1M -$36.80M $34.90M
YoY Change -564.95% 80.39%
Interest Expense -$4.300M -$6.000M $8.245M
YoY Change -28.33% -52.0%
% of Operating Profit -2.51% 23.62%
Other Income/Expense, Net $100.0K $0.00 -$8.308M
YoY Change -100.0%
Pretax Income $171.7M -$41.30M -$502.7M
YoY Change -515.74% -38.27%
Income Tax $39.90M -$6.400M $230.0K
% Of Pretax Income 23.24%
Net Earnings $131.8M -$34.90M -$503.0M
YoY Change -477.65% -47.75%
Net Earnings / Revenue 47.02% -63.0% -542.47%
Basic Earnings Per Share
Diluted Earnings Per Share $1.619M -$429.3K -$6.047M
COMMON SHARES
Basic Shares Outstanding 81.64M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2017 Q4 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $68.70M $33.90M
YoY Change 102.65%
Cash & Equivalents $68.68M $33.91M $32.05M
Short-Term Investments
Other Short-Term Assets $464.0K $1.227M
YoY Change -62.18%
Inventory $9.500M $5.900M
Prepaid Expenses $4.656M $6.901M
Receivables $57.38M $54.72M $59.51M
Other Receivables $0.00 $0.00
Total Short-Term Assets $229.0M $137.5M $161.4M
YoY Change 66.53%
LONG-TERM ASSETS
Property, Plant & Equipment $103.9M $99.52M $108.8M
YoY Change 4.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.24M $21.69M $47.04M
YoY Change -20.49%
Total Long-Term Assets $1.463B $1.409B $1.400B
YoY Change 3.86%
TOTAL ASSETS
Total Short-Term Assets $229.0M $137.5M $161.4M
Total Long-Term Assets $1.463B $1.409B $1.400B
Total Assets $1.692B $1.546B $1.561B
YoY Change 9.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.60M $97.90M
YoY Change -86.11%
Accrued Expenses $66.42M $37.91M
YoY Change 75.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $34.80M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $144.1M $182.7M $126.7M
YoY Change -21.1%
LONG-TERM LIABILITIES
Long-Term Debt $391.8M $379.0M $400.0M
YoY Change 3.37%
Other Long-Term Liabilities $14.90M $3.704M $154.1M
YoY Change 302.32%
Total Long-Term Liabilities $406.7M $382.7M $554.1M
YoY Change 6.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $144.1M $182.7M $126.7M
Total Long-Term Liabilities $406.7M $382.7M $554.1M
Total Liabilities $550.8M $565.4M $680.8M
YoY Change -2.57%
SHAREHOLDERS EQUITY
Retained Earnings $116.0M -$21.07M
YoY Change -650.8%
Common Stock $82.00K $33.00K $33.00K
YoY Change 148.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.22M $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $1.006B $859.3M $878.5M
YoY Change
Total Liabilities & Shareholders Equity $1.692B $1.546B $1.561B
YoY Change 9.43%

Cashflow Statement

Concept 2018 Q4 2017 Q4 2017 Q1
OPERATING ACTIVITIES
Net Income $131.8M -$34.90M -$503.0M
YoY Change -477.65% -47.75%
Depreciation, Depletion And Amortization $24.30M $20.10M $28.15M
YoY Change 20.9% -47.38%
Cash From Operating Activities $95.80M $71.60M $22.43M
YoY Change 33.8% 623.23%
INVESTING ACTIVITIES
Capital Expenditures -$41.50M -$5.500M -$10.90M
YoY Change 654.55% -33.73%
Acquisitions
YoY Change
Other Investing Activities $4.800M -$500.0K $0.00
YoY Change -1060.0% -99.06%
Cash From Investing Activities -$36.70M -$6.000M -$3.133M
YoY Change 511.67% -90.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.30M -197.8M -$162.7M
YoY Change -92.77%
NET CHANGE
Cash From Operating Activities 95.80M 71.60M $22.43M
Cash From Investing Activities -36.70M -6.000M -$3.133M
Cash From Financing Activities -14.30M -197.8M -$162.7M
Net Change In Cash 44.80M -132.2M -$143.4M
YoY Change -133.89% 155.21%
FREE CASH FLOW
Cash From Operating Activities $95.80M $71.60M $22.43M
Capital Expenditures -$41.50M -$5.500M -$10.90M
Free Cash Flow $137.3M $77.10M $33.33M
YoY Change 78.08% 323.63%

Facts In Submission

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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q4 us-gaap Commitments And Contingencies
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us-gaap Costs And Expenses
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us-gaap Current Federal Tax Expense Benefit
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465000 USD
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us-gaap Current State And Local Tax Expense Benefit
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450000 USD
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us-gaap Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
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0 USD
CY2018 us-gaap Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
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0 USD
CY2019 us-gaap Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
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0 USD
CY2017Q1 us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
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us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
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1027000 USD
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426000 USD
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us-gaap Debtor Reorganization Items Other Expense Income
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us-gaap Debtor Reorganization Items Revaluation Of Assets And Liabilities
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CY2018 us-gaap Debtor Reorganization Items Revaluation Of Assets And Liabilities
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0 USD
CY2019 us-gaap Debtor Reorganization Items Revaluation Of Assets And Liabilities
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0 USD
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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us-gaap Defined Contribution Plan Cost Recognized
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us-gaap Derivative Cash Received On Hedge
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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us-gaap Effective Income Tax Rate Reconciliation Deductions
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Deductions
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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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us-gaap General And Administrative Expense
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990000 USD
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19832000 USD
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CY2019 us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
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CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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1500000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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12886000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2018 us-gaap Gain Loss On Derivative Instruments Net Pretax
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1735000 USD
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54026000 USD
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62643000 USD
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0 USD
us-gaap Impairment Of Oil And Gas Properties
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0 USD
CY2018 us-gaap Impairment Of Oil And Gas Properties
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0 USD
CY2019 us-gaap Impairment Of Oil And Gas Properties
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51000000 USD
CY2019 us-gaap Impairment Of Oil And Gas Properties
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51081000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
190137000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
6989000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
230000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2803000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43035000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-36550000 USD
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IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1994000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-1901000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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18330000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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6619000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
19526000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-917000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
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9152000 USD
us-gaap Increase Decrease In Accounts Receivable
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7022000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1683000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14597000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Assets
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2842000 USD
us-gaap Increase Decrease In Other Operating Assets
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13175000 USD
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1561038000 USD
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144118000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
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1692263000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
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1690198000 USD
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us-gaap Interest Expense
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18454000 USD
CY2018 us-gaap Interest Expense
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CY2019 us-gaap Interest Expense
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34234000 USD
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8057000 USD
us-gaap Interest Paid Net
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14276000 USD
CY2018 us-gaap Interest Paid Net
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19761000 USD
CY2019 us-gaap Interest Paid Net
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30720000 USD
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10500000 USD
CY2019Q4 us-gaap Interest Payable Current
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10500000 USD
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11969000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
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1420000 USD
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1647000 USD
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1723000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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3708000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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1740000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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1731000 USD
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126737000 USD
CY2017Q1 us-gaap Liabilities Subject To Compromise
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1000336000 USD
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391786000 USD
CY2019Q4 us-gaap Long Term Debt
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394319000 USD
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0 USD
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391786000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
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394319000 USD
CY2017Q1 us-gaap Long Term Debt Noncurrent
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400000000 USD
CY2017Q1 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
653000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2320000 USD
CY2018 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2140000 USD
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2073000 USD
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502963000 USD
CY2017Q1 us-gaap Members Equity
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0 USD
CY2017Q1 us-gaap Members Equity
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0 USD
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us-gaap Net Cash Provided By Used In Financing Activities
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-43170000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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-80525000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-121440000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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-225025000 USD
CY2017Q1 us-gaap Oil And Gas Property Successful Effort Method Net
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1243600000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
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22431000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
107399000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
105471000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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241829000 USD
CY2017Q1 us-gaap Net Income Loss
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CY2017Q1 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2018 us-gaap Net Income Loss
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147102000 USD
CY2019 us-gaap Net Income Loss
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43539000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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-39316000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
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49160000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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43539000 USD
CY2017Q1 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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-14383000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-35405000 USD
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-34154000 USD
CY2018Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
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123217000 USD
CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
209105000 USD
CY2017Q1 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion Amortization And Impairment
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAmortizationAndImpairment
0 USD
CY2018Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
1461993000 USD
CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
1675717000 USD
CY2017Q1 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
1243600000 USD
CY2018Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
1338776000 USD
CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
1466612000 USD
CY2017Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
0 USD
CY2017Q1 us-gaap Other Accrued Liabilities Current
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4870000 USD
CY2018Q4 us-gaap Other Assets Current
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464000 USD
CY2019Q4 us-gaap Other Assets Current
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CY2019Q4 us-gaap Other Assets Noncurrent
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14902000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
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us-gaap Other Noncash Income Expense
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CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Nonoperating Income Expense
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CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
243000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
80000 USD
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183000 USD
us-gaap Other Operating Income Expense Net
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22930000 USD
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0 USD
us-gaap Payments Of Dividends Common Stock
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0 USD
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0 USD
CY2017Q1 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2017Q1 us-gaap Postconfirmation Liabilities
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CY2018 us-gaap Payments Of Dividends Common Stock
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7365000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
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7000000 USD
us-gaap Payments Of Debt Issuance Costs
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22170000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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39157000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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39000000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
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CY2019 us-gaap Payments Of Debt Issuance Costs
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0 USD
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2747000 USD
CY2017Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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0 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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0 USD
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CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
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0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
23712000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2017Q1 us-gaap Payments For Repurchase Of Convertible Preferred Stock
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0 USD
us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
0 USD
CY2018Q3 us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
60000000 USD
CY2018 us-gaap Payments For Repurchase Of Convertible Preferred Stock
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60273000 USD
CY2018 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
11301000 USD
CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2017Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3699000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1268000 USD
CY2017Q3 us-gaap Payments To Acquire Oil And Gas Property
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249000000 USD
CY2019 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
2900000 USD
CY2017Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
0 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
249338000 USD
CY2018 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
0 USD
CY2019 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
2840000 USD
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662000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
12767000 USD
CY2018 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
15056000 USD
CY2019 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
16792000 USD
CY2017Q1 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
247000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
50229000 USD
CY2018 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
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CY2019 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
219176000 USD
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0 USD
CY2017Q1 us-gaap Postconfirmation Buildings And Improvements
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2740000 USD
CY2017Q1 us-gaap Postconfirmation Furniture And Fixtures
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5040000 USD
CY2017Q1 us-gaap Postconfirmation Land
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8262000 USD
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108803000 USD
CY2017Q4 us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
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18000000 USD
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18248000 USD
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16752000 USD
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4577000 USD
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0 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
CY2018 us-gaap Proceeds From Issuance Initial Public Offering
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CY2019 us-gaap Proceeds From Issuance Initial Public Offering
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0 USD
CY2018Q3 us-gaap Preferred Stock Dividends Income Statement Impact
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87000000 USD
CY2018 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
97942000 USD
CY2019 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2018Q2 us-gaap Preferred Stock Dividends Per Share Cash Paid
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CY2018 us-gaap Preferred Stock Dividends Per Share Declared
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CY2018 us-gaap Preferred Stock Dividends Shares
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1825000 shares
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0.001
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0.51
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250000000 shares
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0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
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335000000 USD
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14367000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
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19399000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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335000000 USD
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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0 USD
CY2019 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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0 USD
CY2017Q1 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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0 USD
CY2018 us-gaap Proceeds From Issuance Of Unsecured Debt
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400000000 USD
CY2019 us-gaap Proceeds From Issuance Of Unsecured Debt
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0 USD
CY2017Q1 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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25000 USD
us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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234292000 USD
CY2018 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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8212000 USD
CY2019 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
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969000 USD
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119710000 USD
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135117000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
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108803000 USD
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103932000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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109655000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
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108803000 USD
CY2018Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
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1073959000 USD
CY2019Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
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1361814000 USD
CY2017Q1 us-gaap Proved Oil And Gas Property Successful Effort Method
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712400000 USD
CY2017Q1 us-gaap Provision For Doubtful Accounts
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0 USD
us-gaap Provision For Doubtful Accounts
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970000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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153000 USD
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0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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0 USD
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13462000 USD
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0 USD
CY2019Q4 us-gaap Purchase Obligation Due In Fifth Year
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0 USD
CY2019Q4 us-gaap Purchase Obligation Due In Fourth Year
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1061000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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7136000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Second Year
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2675000 USD
CY2019Q4 us-gaap Purchase Obligation Due In Third Year
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2590000 USD
CY2017Q1 us-gaap Reorganization Items
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507720000 USD
us-gaap Reorganization Items
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1732000 USD
CY2018 us-gaap Reorganization Items
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CY2019 us-gaap Reorganization Items
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426000 USD
CY2017Q1 us-gaap Reorganization Value
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1722585000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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197793000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
34833000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
52860000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
128000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
125000 USD
CY2017Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
125000 USD
CY2017Q1 us-gaap Results Of Operations Transportation Costs
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6194000 USD
us-gaap Results Of Operations Transportation Costs
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19238000 USD
CY2018 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
9860000 USD
CY2019 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
8059000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
116042000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
120528000 USD
CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
79832000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
386569000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
591178000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
597403000 USD
CY2017Q1 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
1424000 USD
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
3975000 USD
CY2018 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
774000 USD
CY2019 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
316000 USD
CY2017Q1 us-gaap Revenues
Revenues
92718000 USD
us-gaap Revenues
Revenues
319669000 USD
CY2018 us-gaap Revenues
Revenues
586557000 USD
CY2019 us-gaap Revenues
Revenues
559405000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1851000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
6750000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1006446000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
972448000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
8647000 USD
CY2018 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
0 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
133805000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
23712000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
859310000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
878527000 USD
CY2017Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
-1000 USD
CY2019Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
48000000 USD
us-gaap Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Deferred Tax Asset Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxAssetProvisionalIncomeTaxExpense
2700000 USD
CY2017Q1 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
5212000 USD
us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
34211000 USD
CY2018 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
33117000 USD
CY2019 us-gaap Taxes Excluding Income And Excise Taxes
TaxesExcludingIncomeAndExciseTaxes
40645000 USD
CY2018 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.88
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
9.99
CY2018Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
448661 shares
CY2019Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
5112246 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5057682 shares
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4609021 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
24218000 USD
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
49995000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3953000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
46042000 USD
CY2018Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
388034000 USD
CY2019Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
313903000 USD
CY2017Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
531200000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13900000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13892000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
7172000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
6720000 USD
CY2019Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
6000000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
189000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
572000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38644000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57932000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81951000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7080000 shares
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7080000 shares
CY2018 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7080000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38644000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57743000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81379000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81000000 shares
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business and Credit Concentrations</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;">We maintain our cash in bank deposit accounts which, at times, may exceed federally insured amounts. We have not experienced any losses in such accounts. We believe we are not exposed to any significant credit risk on our cash.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;">We also sell oil, natural gas and NGLs to various types of customers, including pipelines, refineries and other oil and natural gas companies and electricity to utility companies. Based on the current demand for oil, natural gas and NGLs and the availability of other purchasers, we believe that the loss of any one of our major purchasers would not have a material adverse effect on our financial condition, results of operations or net cash provided by operating activities.</font></div></div>
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;font-style:italic;">Reclassification</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;">We reclassified certain prior year amounts in the cash flow statements to conform to the current year presentation. These reclassifications had no material impact on the financial statements.</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:left;text-indent:24px;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:16px;padding-top:0px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;">The preparation of the accompanying 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:16px;padding-top:0px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;color:#000000;">Estimates that are particularly significant to the 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, 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 style="line-height:120%;padding-bottom:16px;padding-top:0px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font></div></div>

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