2014 Q4 Form 10-Q Financial Statement

#000153983814000115 Filed on November 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $131.6M $139.1M $57.79M
YoY Change 73.35% 140.74% 243.71%
Cost Of Revenue $33.60M $23.60M $8.800M
YoY Change 214.02% 168.18% 83.33%
Gross Profit $98.00M $115.5M $49.00M
YoY Change 50.31% 135.71% 315.25%
Gross Profit Margin 74.48% 83.02% 84.79%
Selling, General & Admin $6.300M $6.016M $1.810M
YoY Change 65.79% 232.38% 36.81%
% of Gross Profit 6.43% 5.21% 3.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.60M $45.37M $17.42M
YoY Change 127.12% 160.4% 183.95%
% of Gross Profit 54.69% 39.28% 35.56%
Operating Expenses $60.10M $75.61M $28.37M
YoY Change 118.55% 166.54% 122.88%
Operating Profit $37.90M $63.52M $29.42M
YoY Change 0.46% 115.87% 620.09%
Interest Expense $117.7M $9.846M $1.089M
YoY Change -2094.92% 804.13% -3.63%
% of Operating Profit 310.56% 15.5% 3.7%
Other Income/Expense, Net $600.0K $5.103M -$5.728M
YoY Change -189.09% 57.62%
Pretax Income $156.2M $68.62M $23.70M
YoY Change 391.19% 189.59% 5142.26%
Income Tax $56.24M $23.98M $9.099M
% Of Pretax Income 36.01% 34.94% 38.4%
Net Earnings $98.67M $43.74M $14.60M
YoY Change 390.33% 199.66% 3129.2%
Net Earnings / Revenue 74.99% 31.44% 25.26%
Basic Earnings Per Share $1.74 $0.79 $0.33
Diluted Earnings Per Share $1.73 $0.79 $0.33
COMMON SHARES
Basic Shares Outstanding 56.75M shares 55.15M shares 44.39M shares
Diluted Shares Outstanding 55.44M shares 44.70M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.00M $41.00M $53.00M
YoY Change 87.5% -22.64% 5200.0%
Cash & Equivalents $30.18M $40.64M $53.10M
Short-Term Investments
Other Short-Term Assets $120.2M $9.284M $2.000M
YoY Change 8504.65% 364.2% 100.0%
Inventory $2.827M $3.105M $6.228M
Prepaid Expenses
Receivables $93.99M $86.31M $31.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $251.7M $143.3M $91.92M
YoY Change 306.2% 55.86% 240.43%
LONG-TERM ASSETS
Property, Plant & Equipment $2.792B $2.626B $1.361B
YoY Change 93.03% 92.94% 391.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $50.03M $51.14M $12.33M
YoY Change 282.16% 314.62% 208.33%
Total Long-Term Assets $2.844B $2.677B $1.374B
YoY Change 94.83% 94.86% 388.96%
TOTAL ASSETS
Total Short-Term Assets $251.7M $143.3M $91.92M
Total Long-Term Assets $2.844B $2.677B $1.374B
Total Assets $3.095B $2.821B $1.466B
YoY Change 103.43% 92.41% 375.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.00M $8.000M $24.00M
YoY Change 766.67% -66.67% 0.0%
Accrued Expenses $171.0M $169.0M $76.00M
YoY Change 56.88% 122.37% 322.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $266.7M $196.3M $109.5M
YoY Change 119.86% 79.34% 82.42%
LONG-TERM LIABILITIES
Long-Term Debt $673.5M $590.0M $450.1M
YoY Change 46.41% 31.09% 275.07%
Other Long-Term Liabilities $8.000M $8.000M $3.000M
YoY Change 166.67% 166.67% 0.0%
Total Long-Term Liabilities $673.5M $590.0M $450.1M
YoY Change 46.41% 31.09% 265.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $266.7M $196.3M $109.5M
Total Long-Term Liabilities $673.5M $590.0M $450.1M
Total Liabilities $1.110B $934.7M $643.0M
YoY Change 64.22% 45.38% 251.34%
SHAREHOLDERS EQUITY
Retained Earnings $196.3M $97.59M -$17.61M
YoY Change 7710.11% -654.17%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.751B $1.652B $822.9M
YoY Change
Total Liabilities & Shareholders Equity $3.095B $2.821B $1.466B
YoY Change 103.43% 92.41% 375.94%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $98.67M $43.74M $14.60M
YoY Change 390.33% 199.66% 3129.2%
Depreciation, Depletion And Amortization $53.60M $45.37M $17.42M
YoY Change 127.12% 160.4% 183.95%
Cash From Operating Activities $104.4M $92.30M $41.80M
YoY Change 62.62% 120.81% 359.34%
INVESTING ACTIVITIES
Capital Expenditures -$192.4M -$731.5M -$691.5M
YoY Change 74.91% 5.78% 2688.31%
Acquisitions
YoY Change
Other Investing Activities -$600.0K -$33.80M $0.00
YoY Change -100.0%
Cash From Investing Activities -$192.9M -$765.5M -$691.5M
YoY Change 75.52% 10.7% 2590.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 78.00M 676.8M 620.9M
YoY Change 839.76% 9.0% 3854.78%
NET CHANGE
Cash From Operating Activities 104.4M 92.30M 41.80M
Cash From Investing Activities -192.9M -765.5M -691.5M
Cash From Financing Activities 78.00M 676.8M 620.9M
Net Change In Cash -10.50M 3.600M -28.80M
YoY Change -71.93% -112.5% 3100.0%
FREE CASH FLOW
Cash From Operating Activities $104.4M $92.30M $41.80M
Capital Expenditures -$192.4M -$731.5M -$691.5M
Free Cash Flow $296.8M $823.8M $733.3M
YoY Change 70.38% 12.34% 2063.13%

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us-gaap Gain Loss On Price Risk Derivative Instruments Not Designated As Hedging Instruments
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5630000 USD
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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31000 USD
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69000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Costs
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426000 USD
us-gaap Gas Gathering Transportation Marketing And Processing Costs
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175000 USD
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23695000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2014Q3 us-gaap Income Tax Expense Benefit
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CY2013Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable Related Parties
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us-gaap Increase Decrease In Accounts Payable Related Parties
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us-gaap Increase Decrease In Accounts Receivable
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33985000 USD
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350000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
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2612000 USD
us-gaap Increase Decrease In Interest Payable Net
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0 USD
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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5681000 USD
us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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CY2014Q3 us-gaap Investment Income Interest
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us-gaap Investment Income Interest
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us-gaap Lease Operating Expense
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CY2013Q3 us-gaap Lease Operating Expense
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CY2014Q3 us-gaap Liabilities
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CY2014Q3 us-gaap Liabilities And Stockholders Equity
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121320000 USD
CY2014Q3 us-gaap Liabilities Current
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CY2013Q4 us-gaap Long Term Debt Noncurrent
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460000000 USD
CY2014Q3 us-gaap Long Term Debt Noncurrent
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590000000 USD
CY2013Q4 us-gaap Minority Interest
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2014Q3 us-gaap Net Income Loss
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CY2013Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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14596000 USD
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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us-gaap Nonoperating Income Expense
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CY2014Q3 us-gaap Nonoperating Income Expense
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5103000 USD
CY2013Q4 us-gaap Oil And Gas Property Full Cost Method Gross
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us-gaap Oil And Gas Revenue
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Other Nonoperating Income
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us-gaap Payments To Acquire Investments
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33851000 USD
us-gaap Payments To Acquire Investments
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us-gaap Payments For Derivative Instrument Investing Activities
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us-gaap Payments For Derivative Instrument Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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1426000 USD
us-gaap Payments To Acquire Mineral Rights
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us-gaap Payments To Acquire Mineral Rights
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us-gaap Payments To Acquire Oil And Gas Equipment
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1437000 USD
us-gaap Payments To Acquire Oil And Gas Equipment
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0 USD
us-gaap Payments To Acquire Oil And Gas Property
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166635000 USD
us-gaap Payments To Acquire Oil And Gas Property
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840482000 USD
us-gaap Payments To Acquire Other Productive Assets
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43215000 USD
us-gaap Payments To Acquire Other Productive Assets
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4965000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
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188201000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
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309009000 USD
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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450000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
49000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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3743000 USD
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us-gaap Proceeds From Stock Options Exercised
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5131000 USD
us-gaap Proceeds From Stock Options Exercised
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CY2014Q3 us-gaap Production Tax Expense
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CY2013Q3 us-gaap Production Tax Expense
ProductionTaxExpense
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us-gaap Production Tax Expense
ProductionTaxExpense
23350000 USD
us-gaap Production Tax Expense
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CY2013Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
96054000 USD
us-gaap Profit Loss
ProfitLoss
34463000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
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CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2014Q3 us-gaap Property Plant And Equipment Other
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45096000 USD
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2672000 USD
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us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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863000 USD
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311000 USD
CY2014Q3 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
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479000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
49000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
295900000 USD
CY2014Q3 us-gaap Results Of Operations Transportation Costs
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860000 USD
CY2013Q3 us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
261000 USD
us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
2145000 USD
us-gaap Results Of Operations Transportation Costs
ResultsOfOperationsTransportationCosts
641000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2513000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
97594000 USD
CY2014Q3 us-gaap Royalty Revenue
RoyaltyRevenue
0 USD
CY2013Q3 us-gaap Royalty Revenue
RoyaltyRevenue
0 USD
us-gaap Royalty Revenue
RoyaltyRevenue
0 USD
us-gaap Royalty Revenue
RoyaltyRevenue
0 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1810000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13891000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6350000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
17.50
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16778000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
23783000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
419505 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
712955 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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18.09
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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17.96
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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23783000 USD
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
419505 shares
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
18.09
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.78
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2105000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
10145000 USD
CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
749000 USD
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
4112000 USD
CY2014Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
9151000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y5M20D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y11M20D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y11M20D
us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
693381000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5218000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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845541000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1885846000 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
399000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
215000 shares
CY2014Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
290000 shares
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
313000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44698000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40524000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51888000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55442000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55152000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40309000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44385000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51489000 shares
CY2014Q3 fang Accounts Receivable Oil And Natural Gas Sales Current
AccountsReceivableOilAndNaturalGasSalesCurrent
46687000 USD
CY2013Q4 fang Accounts Receivable Oil And Natural Gas Sales Current
AccountsReceivableOilAndNaturalGasSalesCurrent
23533000 USD
CY2013Q4 fang Accrued Capital Expenditures
AccruedCapitalExpenditures
74649000 USD
CY2014Q3 fang Accrued Capital Expenditures
AccruedCapitalExpenditures
118514000 USD
fang Asset Retirement Obligation Additional Liability Incurred
AssetRetirementObligationAdditionalLiabilityIncurred
471000 USD
fang Asset Retirement Obligation Additional Liability Incurred
AssetRetirementObligationAdditionalLiabilityIncurred
3678000 USD
fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
24.39
CY2014Q3 fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
23.71
CY2013Q3 fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
25.24
fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
24.76
fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
7311000 USD
fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
2678000 USD
CY2014Q3 fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
2383000 USD
CY2013Q3 fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
1038000 USD
CY2013Q4 fang Deferred Revenue And Royalties Payable Current
DeferredRevenueAndRoyaltiesPayableCurrent
9225000 USD
CY2014Q3 fang Deferred Revenue And Royalties Payable Current
DeferredRevenueAndRoyaltiesPayableCurrent
17951000 USD
fang Depreciation Depletion And Amortization Net Of Depreciation Reported In Oil And Natural Gas Services
DepreciationDepletionAndAmortizationNetOfDepreciationReportedInOilAndNaturalGasServices
42976000 USD
fang Depreciation Depletion And Amortization Net Of Depreciation Reported In Oil And Natural Gas Services
DepreciationDepletionAndAmortizationNetOfDepreciationReportedInOilAndNaturalGasServices
116364000 USD
fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-5614000 USD
fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-6207000 USD
CY2014Q3 fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-1531000 USD
CY2013Q3 fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-3215000 USD
CY2014Q3 fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
750000 USD
fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
1719000 USD
CY2013Q3 fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
192000 USD
fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
466000 USD
CY2014Q3 fang Generaland Administrative Expenses Including Related Party
GeneralandAdministrativeExpensesIncludingRelatedParty
6495000 USD
CY2013Q3 fang Generaland Administrative Expenses Including Related Party
GeneralandAdministrativeExpensesIncludingRelatedParty
2121000 USD
fang Generaland Administrative Expenses Including Related Party
GeneralandAdministrativeExpensesIncludingRelatedParty
14986000 USD
fang Generaland Administrative Expenses Including Related Party
GeneralandAdministrativeExpensesIncludingRelatedParty
7213000 USD
fang Increase Decrease In Deferred Revenue And Royalties Payable
IncreaseDecreaseInDeferredRevenueAndRoyaltiesPayable
8726000 USD
fang Increase Decrease In Deferred Revenue And Royalties Payable
IncreaseDecreaseInDeferredRevenueAndRoyaltiesPayable
3260000 USD
CY2013Q4 fang Intercompany Accrued Interest
IntercompanyAccruedInterest
0 USD
CY2013Q4 fang Intercompany Note Payable
IntercompanyNotePayable
0 USD
CY2013Q4 fang Intercompany Note Receivable
IntercompanyNoteReceivable
0 USD
CY2014Q3 fang Intercompany Payable
IntercompanyPayable
0 USD
CY2013Q4 fang Intercompany Payable
IntercompanyPayable
0 USD
CY2014Q3 fang Intercompany Receivable
IntercompanyReceivable
0 USD
CY2013Q4 fang Intercompany Receivable
IntercompanyReceivable
0 USD
fang Intercompany Transfers Financing Activities
IntercompanyTransfersFinancingActivities
0 USD
fang Intercompany Transfers Financing Activities
IntercompanyTransfersFinancingActivities
0 USD
fang Intercompany Transfers Investing Activities
IntercompanyTransfersInvestingActivities
0 USD
fang Intercompany Transfers Investing Activities
IntercompanyTransfersInvestingActivities
0 USD
fang Interest Expense Intercompany
InterestExpenseIntercompany
0 USD
fang Interest Income Intercompany
InterestIncomeIntercompany
0 USD
CY2014Q3 fang Investmentin Consolidated Subsidiaries
InvestmentinConsolidatedSubsidiaries
0 USD
CY2013Q4 fang Investmentin Consolidated Subsidiaries
InvestmentinConsolidatedSubsidiaries
0 USD
CY2014Q3 fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
3619000 USD
fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
9507000 USD
fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
5441000 USD
CY2013Q3 fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
1970000 USD
CY2014Q3 fang Natural Gas Liquid Sales Including Related Party
NaturalGasLiquidSalesIncludingRelatedParty
8009000 USD
CY2013Q3 fang Natural Gas Liquid Sales Including Related Party
NaturalGasLiquidSalesIncludingRelatedParty
3142000 USD
fang Natural Gas Liquid Sales Including Related Party
NaturalGasLiquidSalesIncludingRelatedParty
20313000 USD
fang Natural Gas Liquid Sales Including Related Party
NaturalGasLiquidSalesIncludingRelatedParty
8339000 USD
CY2014Q3 fang Natural Gas Sales Including Related Party
NaturalGasSalesIncludingRelatedParty
4712000 USD
CY2014Q3 fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
31000 USD
fang Paymentsof Distributionsto Parent
PaymentsofDistributionstoParent
148760000 USD
fang Paymentsof Distributionsto Parent
PaymentsofDistributionstoParent
0 USD
fang Paymentsto Acquire Mineral Interestsand Oiland Gas Property
PaymentstoAcquireMineralInterestsandOilandGasProperty
840482000 USD
fang Paymentsto Acquire Mineral Interestsand Oiland Gas Property
PaymentstoAcquireMineralInterestsandOilandGasProperty
185185000 USD
fang Paymentsto Acquire Oiland Gas Property Related Party
PaymentstoAcquireOilandGasPropertyRelatedParty
0 USD
fang Paymentsto Acquire Oiland Gas Property Related Party
PaymentstoAcquireOilandGasPropertyRelatedParty
18550000 USD
fang Paymentsto Exploreand Develop Oiland Gas Properties Including Related Party
PaymentstoExploreandDevelopOilandGasPropertiesIncludingRelatedParty
312419000 USD
fang Paymentsto Exploreand Develop Oiland Gas Properties Including Related Party
PaymentstoExploreandDevelopOilandGasPropertiesIncludingRelatedParty
199795000 USD
CY2013Q4 fang Pipelineand Gas Gathering Assets
PipelineandGasGatheringAssets
6142000 USD
fang Paymentsto Exploreand Develop Oiland Gas Properties Related Party
PaymentstoExploreandDevelopOilandGasPropertiesRelatedParty
11594000 USD
fang Paymentsto Exploreand Develop Oiland Gas Properties Related Party
PaymentstoExploreandDevelopOilandGasPropertiesRelatedParty
3410000 USD
CY2014Q3 fang Pipelineand Gas Gathering Assets
PipelineandGasGatheringAssets
7102000 USD
CY2013Q3 fang Natural Gas Sales Including Related Party
NaturalGasSalesIncludingRelatedParty
1563000 USD
fang Natural Gas Sales Including Related Party
NaturalGasSalesIncludingRelatedParty
12376000 USD
fang Natural Gas Sales Including Related Party
NaturalGasSalesIncludingRelatedParty
4382000 USD
fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
6006000 USD
CY2014Q3 fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
2338000 USD
fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
2586000 USD
CY2013Q3 fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
859000 USD
fang Noncontrolling Interest Increasefrom Unitbased Compensation
NoncontrollingInterestIncreasefromUnitbasedCompensation
1011000 USD
CY2014Q3 fang Oil And Gas Joint Interest Billing Receivables And Other Current
OilAndGasJointInterestBillingReceivablesAndOtherCurrent
39626000 USD
CY2013Q4 fang Oil And Gas Joint Interest Billing Receivables And Other Current
OilAndGasJointInterestBillingReceivablesAndOtherCurrent
14437000 USD
fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
840000 USD
CY2013Q3 fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
246000 USD
CY2014Q3 fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
39000 USD
fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
218000 USD
CY2013Q3 fang Oil Sales Revenue
OilSalesRevenue
53086000 USD
fang Oil Sales Revenue
OilSalesRevenue
331446000 USD
CY2014Q3 fang Oil Sales Revenue
OilSalesRevenue
126406000 USD
fang Oil Sales Revenue
OilSalesRevenue
119373000 USD
CY2014Q3 fang Oiland Gas Property Lease Operating Expense Including Related Party
OilandGasPropertyLeaseOperatingExpenseIncludingRelatedParty
13805000 USD
CY2013Q3 fang Oiland Gas Property Lease Operating Expense Including Related Party
OilandGasPropertyLeaseOperatingExpenseIncludingRelatedParty
4964000 USD
fang Oiland Gas Property Lease Operating Expense Including Related Party
OilandGasPropertyLeaseOperatingExpenseIncludingRelatedParty
32216000 USD
fang Oiland Gas Property Lease Operating Expense Including Related Party
OilandGasPropertyLeaseOperatingExpenseIncludingRelatedParty
15367000 USD
CY2014Q3 fang Other Assetsand Derivative Assets Noncurrent
OtherAssetsandDerivativeAssetsNoncurrent
51135000 USD
CY2013Q4 fang Other Assetsand Derivative Assets Noncurrent
OtherAssetsandDerivativeAssetsNoncurrent
13309000 USD
CY2014Q3 fang Other Expense Intercompany
OtherExpenseIntercompany
0 USD
fang Other Expense Intercompany
OtherExpenseIntercompany
0 USD
CY2014Q3 fang Other Income Intercompany
OtherIncomeIntercompany
0 USD
fang Other Income Intercompany
OtherIncomeIntercompany
0 USD
CY2014Q3 fang Other Nonoperating Income Including Related Party
OtherNonoperatingIncomeIncludingRelatedParty
48000 USD
CY2013Q3 fang Other Nonoperating Income Including Related Party
OtherNonoperatingIncomeIncludingRelatedParty
270000 USD
fang Other Nonoperating Income Including Related Party
OtherNonoperatingIncomeIncludingRelatedParty
108000 USD
fang Other Nonoperating Income Including Related Party
OtherNonoperatingIncomeIncludingRelatedParty
1047000 USD
CY2013Q3 fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
270000 USD
fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
1047000 USD
fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
91000 USD
CY2013Q4 fang Pipelineand Gas Gathering Assets Net
PipelineandGasGatheringAssetsNet
6142000 USD
CY2014Q3 fang Pipelineand Gas Gathering Assets Net
PipelineandGasGatheringAssetsNet
6998000 USD
fang Proceedsfrom Distributionsfrom Subsidiary
ProceedsfromDistributionsfromSubsidiary
148760000 USD
CY2013Q3 fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
3420000 USD
CY2014Q3 fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
8634000 USD
fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
22318000 USD
fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
7970000 USD
fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
1032000 USD
CY2014Q3 fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
320000 USD
CY2013Q3 fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
133000 USD
fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
325000 USD
fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
2898000 USD
CY2013Q3 fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
1172000 USD
fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
10806000 USD
CY2014Q3 fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
4390000 USD
CY2013Q3 fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
704000 USD
CY2014Q3 fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
2374000 USD
fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
1796000 USD
fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
6370000 USD
CY2013Q4 fang Royalties Receivable Current
RoyaltiesReceivableCurrent
0 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001539838
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
56752819 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Diamondback Energy, Inc.

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