$FANG
Diamondback Energy, Inc.

2014 Q2 Form 10-Q Financial Statement

#000153983814000081 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $127.0M $45.39M
YoY Change 179.78% 183.18%
Cost Of Revenue $19.80M $8.500M
YoY Change 132.94% 93.18%
Gross Profit $107.3M $36.90M
YoY Change 190.79% 218.1%
Gross Profit Margin 84.49% 81.29%
Selling, General & Admin $3.610M $2.355M
YoY Change 53.29% 134.33%
% of Gross Profit 3.36% 6.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.02M $14.82M
YoY Change 170.14% 161.8%
% of Gross Profit 37.3% 40.15%
Operating Expenses $63.81M $26.01M
YoY Change 145.33% 121.88%
Operating Profit $63.19M $19.38M
YoY Change 226.02% 350.03%
Interest Expense $7.739M $535.0K
YoY Change 1346.54% -54.39%
% of Operating Profit 12.25% 2.76%
Other Income/Expense, Net -$20.21M $2.890M
YoY Change -799.13% -68.98%
Pretax Income $42.99M $22.27M
YoY Change 93.0% 63.48%
Income Tax $15.16M $7.802M
% Of Pretax Income 35.27% 35.03%
Net Earnings $27.75M $14.47M
YoY Change 91.78% 6.22%
Net Earnings / Revenue 21.85% 31.88%
Basic Earnings Per Share $0.55 $0.37
Diluted Earnings Per Share $0.54 $0.36
COMMON SHARES
Basic Shares Outstanding 50.78M shares 39.40M shares
Diluted Shares Outstanding 51.14M shares 39.72M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $37.00M $82.00M
YoY Change -54.88% 4000.0%
Cash & Equivalents $36.99M $81.90M
Short-Term Investments
Other Short-Term Assets $5.000M $4.000M
YoY Change 25.0% 100.0%
Inventory $3.308M $6.271M
Prepaid Expenses
Receivables $69.00M $24.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $114.7M $116.5M
YoY Change -1.57% 366.14%
LONG-TERM ASSETS
Property, Plant & Equipment $1.920B $681.2M
YoY Change 181.87% 166.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.70M $931.0K
YoY Change 1264.34% -53.45%
Total Long-Term Assets $1.933B $682.1M
YoY Change 183.34% 164.38%
TOTAL ASSETS
Total Short-Term Assets $114.7M $116.5M
Total Long-Term Assets $1.933B $682.1M
Total Assets $2.047B $798.6M
YoY Change 156.36% 182.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.00M $23.00M
YoY Change 4.35% 91.67%
Accrued Expenses $120.0M $66.00M
YoY Change 81.82% 186.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $168.9M $97.49M
YoY Change 73.23% 87.48%
LONG-TERM LIABILITIES
Long-Term Debt $496.0M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $5.000M $2.000M
YoY Change 150.0% -33.33%
Total Long-Term Liabilities $496.0M $2.000M
YoY Change 24700.0% -98.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $168.9M $97.49M
Total Long-Term Liabilities $496.0M $2.000M
Total Liabilities $795.1M $171.0M
YoY Change 364.86% 7.57%
SHAREHOLDERS EQUITY
Retained Earnings $53.86M -$32.21M
YoY Change -267.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.115B $627.6M
YoY Change
Total Liabilities & Shareholders Equity $2.047B $798.6M
YoY Change 156.36% 182.2%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $27.75M $14.47M
YoY Change 91.78% 6.22%
Depreciation, Depletion And Amortization $40.02M $14.82M
YoY Change 170.14% 161.8%
Cash From Operating Activities $88.20M $32.90M
YoY Change 168.09% 961.29%
INVESTING ACTIVITIES
Capital Expenditures -$124.5M -$64.60M
YoY Change 92.72% 173.73%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$124.4M -$64.60M
YoY Change 92.57% 147.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 47.90M 108.0M
YoY Change -55.65% 575.0%
NET CHANGE
Cash From Operating Activities 88.20M 32.90M
Cash From Investing Activities -124.4M -64.60M
Cash From Financing Activities 47.90M 108.0M
Net Change In Cash 11.70M 76.30M
YoY Change -84.67% -1190.0%
FREE CASH FLOW
Cash From Operating Activities $88.20M $32.90M
Capital Expenditures -$124.5M -$64.60M
Free Cash Flow $212.7M $97.50M
YoY Change 118.15% 265.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3683000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11000 USD
CY2014Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
67000 USD
CY2013Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
17000 USD
CY2013Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
2679000 USD
CY2014Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
23475000 USD
CY2013Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
1303000 USD
CY2014Q2 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
3310000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
212236000 USD
CY2014Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
283152000 USD
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
842557000 USD
CY2014Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1060537000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5906000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3318000 USD
CY2014Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1128000 USD
CY2013Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
477000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
936000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
946000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
318000 USD
CY2014Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5477000 USD
CY2012Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2145000 USD
CY2013Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
3029000 USD
CY2013Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2344000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
88000 USD
CY2014Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
104000 USD
CY2013Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
45000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
176000 USD
CY2013Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
20000 USD
CY2014Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
40000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
111000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
382000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
0 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
10000 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
588000 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2014Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
5437000 USD
CY2013Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2989000 USD
CY2013Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2324000 USD
CY2013Q4 us-gaap Assets
Assets
1521614000 USD
CY2014Q2 us-gaap Assets
Assets
2047394000 USD
CY2014Q2 us-gaap Assets Current
AssetsCurrent
114704000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
61968000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
20645000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6901000 USD
CY2014Q2 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
281218000 USD
CY2013Q4 us-gaap Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities
CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
210837000 USD
CY2013Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
369561000 USD
CY2014Q2 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
456692000 USD
CY2014Q2 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
1910103000 USD
CY2013Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Net
CapitalizedCostsOilAndGasProducingActivitiesNet
1437523000 USD
CY2014Q2 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
1734629000 USD
CY2013Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
1278799000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15555000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
36993000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26358000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
81898000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
55540000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
21438000 USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
47106216 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
50807635 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47106216 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
50807635 shares
CY2014Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
509000 USD
CY2013Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
471000 USD
CY2013Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7802000 USD
CY2014Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15163000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10964000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
28764000 USD
CY2014Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
4327000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
112000 USD
CY2014Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
124743000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
91764000 USD
CY2013Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14815000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
70994000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25553000 USD
CY2014Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
40021000 USD
CY2013Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
567000 USD
CY2014Q2 us-gaap Derivative Assets
DerivativeAssets
0 USD
CY2013Q4 us-gaap Derivative Assets
DerivativeAssets
431000 USD
CY2013Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
213000 USD
CY2014Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
0 USD
CY2014Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
0 USD
CY2013Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
218000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
998000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
431000 USD
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
10379000 USD
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
10379000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-15486000 USD
CY2013Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3037000 USD
CY2014Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-11088000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3029000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
5429000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-10810000 USD
CY2013Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 USD
CY2014Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
10379000 USD
CY2013Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 USD
CY2014Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
10379000 USD
CY2013Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 USD
CY2014Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 USD
CY2014Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
us-gaap Dilutive Securities
DilutiveSecurities
-74000 USD
us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2014Q2 us-gaap Dilutive Securities
DilutiveSecurities
-74000 USD
CY2013Q2 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2715000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
420000 USD
CY2014Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1649000 USD
CY2013Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
223000 USD
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1212000 USD
us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
5428000 USD
CY2014Q2 us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-7468000 USD
us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-10810000 USD
CY2013Q2 us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsNotDesignatedAsHedgingInstruments
3893000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
30000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1397000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
316000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
106000 USD
CY2013Q2 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
31000 USD
CY2014Q2 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
102000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
80177000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
22273000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
30831000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
42987000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2076000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4543000 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-74000 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
18584000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12185000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
2007000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-5110000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
3415000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
0 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-977000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
96000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1517000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
219000 USD
us-gaap Interest Expense
InterestExpense
1020000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
7739000 USD
us-gaap Interest Expense
InterestExpense
14244000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
535000 USD
us-gaap Interest Paid Net
InterestPaidNet
11409000 USD
us-gaap Interest Paid Net
InterestPaidNet
383000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
5631000 USD
CY2014Q2 us-gaap Inventory Net
InventoryNet
3308000 USD
CY2013Q2 us-gaap Lease Operating Expense
LeaseOperatingExpense
5103000 USD
CY2014Q2 us-gaap Lease Operating Expense
LeaseOperatingExpense
10425000 USD
us-gaap Lease Operating Expense
LeaseOperatingExpense
9809000 USD
us-gaap Lease Operating Expense
LeaseOperatingExpense
18232000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
795057000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
676073000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1521614000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2047394000 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
168877000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
121320000 USD
CY2014Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
350000000 USD
CY2013Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
600000000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
460000000 USD
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
496000000 USD
CY2014Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
496000000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
460000000 USD
CY2014Q2 us-gaap Minority Interest
MinorityInterest
137436000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
385377000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
144417000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-138675000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-523645000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
159706000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
49798000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
27753000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
14471000 USD
us-gaap Net Income Loss
NetIncomeLoss
19867000 USD
us-gaap Net Income Loss
NetIncomeLoss
51342000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
71000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
71000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
51342000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19867000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14471000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27753000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
51268000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19867000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14471000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
27679000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
137365000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-31078000 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2890000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-20205000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2786000 USD
CY2013Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
1648360000 USD
CY2014Q2 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
2191321000 USD
us-gaap Oil And Gas Revenue
OilAndGasRevenue
225008000 USD
us-gaap Oil And Gas Revenue
OilAndGasRevenue
74303000 USD
CY2013Q2 us-gaap Oil And Gas Revenue
OilAndGasRevenue
45394000 USD
CY2014Q2 us-gaap Oil And Gas Revenue
OilAndGasRevenue
127004000 USD
us-gaap Operating Expenses
OperatingExpenses
113753000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
63812000 USD
us-gaap Operating Expenses
OperatingExpenses
46258000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
26011000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
28045000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
111255000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
63192000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
19383000 USD
CY2014Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
38236000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
34750000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13091000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12702000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
74649000 USD
CY2014Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
81550000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1408000 USD
CY2013Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
CY2014Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1408000 USD
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
289000 USD
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1039000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
72000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
447000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
946000 USD
us-gaap Payments To Acquire Oil And Gas Equipment
PaymentsToAcquireOilAndGasEquipment
1165000 USD
us-gaap Payments To Acquire Oil And Gas Equipment
PaymentsToAcquireOilAndGasEquipment
0 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
312207000 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
6192000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
934000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
1615000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
206779000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
102785000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1421000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1184000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
144936000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
347679000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
166000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
49000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
54000 USD
us-gaap Profit Loss
ProfitLoss
19867000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
14471000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
27824000 USD
us-gaap Profit Loss
ProfitLoss
51413000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1919988000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1446337000 USD
CY2014Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
4973000 USD
CY2013Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
4071000 USD
CY2013Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2672000 USD
CY2014Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
3039000 USD
CY2013Q2 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
266000 USD
CY2014Q2 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
324000 USD
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
616000 USD
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
552000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
130000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
49000000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
53855000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2513000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7875000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3610000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2355000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4540000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3318000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
936000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
134955 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
17.50
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
10659000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
28076000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
507205 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
712955 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.99
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.96
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
28076000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
507205 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
17.99
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.90
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2013Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
700000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
6033000 USD
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2777000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1356000 USD
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
7536000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y7M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y2M22D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y2M22D
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
208429000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
205750 shares
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3683000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
845541000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
1114901000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1252337000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
845541000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:5px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </font></div><div style="line-height:120%;padding-top:5px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts included in or affecting the Company&#8217;s consolidated financial statements and related disclosures must be estimated by management, requiring certain assumptions to be made with respect to values or conditions that cannot be known with certainty at the time the consolidated financial statements are prepared. These estimates and assumptions affect the amounts the Company reports for assets and liabilities and the Company&#8217;s disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Company considers reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from the Company&#8217;s estimates. Any effects on the Company&#8217;s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Significant items subject to such estimates and assumptions include estimates of proved oil and natural gas reserves and related present value estimates of future net cash flows therefrom, the carrying value of oil and natural gas properties, asset retirement obligations, the fair value determination of acquired assets and liabilities, stock-based compensation, fair value estimates of commodity derivatives and estimates of income taxes. </font></div></div>
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
425000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
240000 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
365000 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
317000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38477000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39719000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50047000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51142000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
39402000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50777000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49622000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38237000 shares
CY2014Q2 fang Accounts Receivable Oil And Natural Gas Sales Current
AccountsReceivableOilAndNaturalGasSalesCurrent
40648000 USD
CY2013Q4 fang Accounts Receivable Oil And Natural Gas Sales Current
AccountsReceivableOilAndNaturalGasSalesCurrent
23533000 USD
fang Asset Retirement Obligation Additional Liability Incurred
AssetRetirementObligationAdditionalLiabilityIncurred
0 USD
fang Asset Retirement Obligation Additional Liability Incurred
AssetRetirementObligationAdditionalLiabilityIncurred
1312000 USD
fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
24.81
CY2014Q2 fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
24.46
CY2013Q2 fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
24.42
fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
24.44
fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
4928000 USD
fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
1640000 USD
CY2014Q2 fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
2632000 USD
CY2013Q2 fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
843000 USD
CY2013Q4 fang Deferred Revenue And Royalties Payable Current
DeferredRevenueAndRoyaltiesPayableCurrent
9225000 USD
CY2014Q2 fang Deferred Revenue And Royalties Payable Current
DeferredRevenueAndRoyaltiesPayableCurrent
15170000 USD
fang Depreciation Depletion And Amortization Net Of Depreciation Reported In Oil And Natural Gas Services
DepreciationDepletionAndAmortizationNetOfDepreciationReportedInOilAndNaturalGasServices
25553000 USD
fang Depreciation Depletion And Amortization Net Of Depreciation Reported In Oil And Natural Gas Services
DepreciationDepletionAndAmortizationNetOfDepreciationReportedInOilAndNaturalGasServices
70994000 USD
fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-2399000 USD
fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-4676000 USD
CY2014Q2 fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-3620000 USD
CY2013Q2 fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-856000 USD
fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
274000 USD
CY2013Q2 fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
216000 USD
CY2014Q2 fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
601000 USD
fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
969000 USD
fang Increase Decrease In Deferred Revenue And Royalties Payable
IncreaseDecreaseInDeferredRevenueAndRoyaltiesPayable
6230000 USD
fang Increase Decrease In Deferred Revenue And Royalties Payable
IncreaseDecreaseInDeferredRevenueAndRoyaltiesPayable
1750000 USD
fang Line Of Credit Facility Borrowing Base Number Of Redeterminations
LineOfCreditFacilityBorrowingBaseNumberOfRedeterminations
3
fang Line Of Credit Facility Borrowing Base Period Of Redetermination
LineOfCreditFacilityBorrowingBasePeriodOfRedetermination
P12M
CY2014Q2 fang Line Of Credit Facility Covenant Terms Decrease Of Borrowing Base Upon Issuance Of Additional Indebtedness Percentage
LineOfCreditFacilityCovenantTermsDecreaseOfBorrowingBaseUponIssuanceOfAdditionalIndebtednessPercentage
0.25
CY2014Q2 fang Line Of Credit Facility Covenant Terms Maximum Issuance Of Additional Indebtedness
LineOfCreditFacilityCovenantTermsMaximumIssuanceOfAdditionalIndebtedness
750000000 USD
CY2013Q2 fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
1649000 USD
fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
3471000 USD
CY2014Q2 fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
3304000 USD
fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
5888000 USD
fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
3668000 USD
CY2014Q2 fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
1913000 USD
fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
1727000 USD
CY2013Q2 fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
988000 USD
CY2013Q4 fang Oil And Gas Joint Interest Billing Receivables And Other Current
OilAndGasJointInterestBillingReceivablesAndOtherCurrent
14437000 USD
CY2014Q2 fang Oil And Gas Joint Interest Billing Receivables And Other Current
OilAndGasJointInterestBillingReceivablesAndOtherCurrent
24697000 USD
CY2013Q2 fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
392000 USD
fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
594000 USD
fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
179000 USD
CY2014Q2 fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
71000 USD
fang Oil Sales Revenue
OilSalesRevenue
66287000 USD
fang Oil Sales Revenue
OilSalesRevenue
205040000 USD
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
56632635 shares
CY2014Q2 fang Oil Sales Revenue
OilSalesRevenue
115282000 USD
CY2013Q2 fang Oil Sales Revenue
OilSalesRevenue
41034000 USD
CY2014Q2 fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
30000 USD
fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
60000 USD
fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
777000 USD
CY2013Q2 fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
388000 USD
fang Paymentsto Acquire Oiland Gas Property Related Party
PaymentstoAcquireOilandGasPropertyRelatedParty
18550000 USD
fang Paymentsto Acquire Oiland Gas Property Related Party
PaymentstoAcquireOilandGasPropertyRelatedParty
0 USD
fang Paymentsto Exploreand Develop Oiland Gas Properties Related Party
PaymentstoExploreandDevelopOilandGasPropertiesRelatedParty
2571000 USD
fang Paymentsto Exploreand Develop Oiland Gas Properties Related Party
PaymentstoExploreandDevelopOilandGasPropertiesRelatedParty
9298000 USD
CY2013Q4 fang Pipelineand Gas Gathering Assets
PipelineandGasGatheringAssets
6142000 USD
CY2014Q2 fang Pipelineand Gas Gathering Assets
PipelineandGasGatheringAssets
6846000 USD
CY2013Q2 fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
2672000 USD
CY2014Q2 fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
8106000 USD
fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
4550000 USD
fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
13684000 USD
fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
712000 USD
CY2013Q2 fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
116000 USD
CY2014Q2 fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
448000 USD
fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
192000 USD
fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
1726000 USD
fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
6416000 USD
CY2014Q2 fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
4089000 USD
CY2013Q2 fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
1043000 USD
CY2014Q2 fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
2416000 USD
fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
3996000 USD
CY2013Q2 fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
680000 USD
fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
1092000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001539838
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Diamondback Energy, Inc.

Files In Submission

Name View Source Status
0001539838-14-000081-index-headers.html Edgar Link pending
0001539838-14-000081-index.html Edgar Link pending
0001539838-14-000081.txt Edgar Link pending
0001539838-14-000081-xbrl.zip Edgar Link pending
a6301410-q.htm Edgar Link pending
ex10_4firstamendmenttoseco.htm Edgar Link pending
exhibitcertification311q22.htm Edgar Link pending
exhibitcertification312q22.htm Edgar Link pending
exhibitcertification321q22.htm Edgar Link pending
exhibitcertification322q22.htm Edgar Link pending
fang-20140630.xml Edgar Link completed
fang-20140630.xsd Edgar Link pending
fang-20140630_cal.xml Edgar Link unprocessable
fang-20140630_def.xml Edgar Link unprocessable
fang-20140630_lab.xml Edgar Link unprocessable
fang-20140630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending