$VTLE
Vital Energy, Inc.

2019 Q2 Form 10-Q Financial Statement

#000152812919000117 Filed on August 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $216.6M $351.0M
YoY Change -38.29% 87.72%
Cost Of Revenue $70.60M $177.6M
YoY Change -60.25% 141.63%
Gross Profit $146.0M $173.5M
YoY Change -15.85% 52.86%
Gross Profit Margin 67.39% 49.42%
Selling, General & Admin $11.10M $26.80M
YoY Change -58.58% 21.82%
% of Gross Profit 7.6% 15.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $65.70M $50.76M
YoY Change 29.43% 33.57%
% of Gross Profit 45.0% 29.26%
Operating Expenses $77.80M $78.70M
YoY Change -1.14% 28.18%
Operating Profit $57.83M $94.77M
YoY Change -38.98% 82.03%
Interest Expense $15.77M $14.42M
YoY Change 9.3% -37.76%
% of Operating Profit 27.26% 15.22%
Other Income/Expense, Net $117.3M -$61.32M
YoY Change -291.32% -777.59%
Pretax Income $175.1M $33.45M
YoY Change 423.54% -45.26%
Income Tax $1.751M $0.00
% Of Pretax Income 1.0% 0.0%
Net Earnings $173.4M $33.45M
YoY Change 418.3% -45.26%
Net Earnings / Revenue 80.03% 9.53%
Basic Earnings Per Share $14.99 $0.14
Diluted Earnings Per Share $14.98 $0.14
COMMON SHARES
Basic Shares Outstanding 11.57M shares 230.9M shares
Diluted Shares Outstanding 11.58M shares 231.7M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.80M $36.60M
YoY Change 52.46% 4.57%
Cash & Equivalents $55.80M $36.60M
Short-Term Investments
Other Short-Term Assets $12.94M $23.71M
YoY Change -45.43% 35.12%
Inventory
Prepaid Expenses
Receivables $76.61M $101.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $192.5M $169.7M
YoY Change 13.45% 1.21%
LONG-TERM ASSETS
Property, Plant & Equipment $2.370B $2.021B
YoY Change 17.28% 34.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.97M $15.99M
YoY Change -18.89% 33.22%
Total Long-Term Assets $2.427B $2.040B
YoY Change 19.01% 15.0%
TOTAL ASSETS
Total Short-Term Assets $192.5M $169.7M
Total Long-Term Assets $2.427B $2.040B
Total Assets $2.620B $2.209B
YoY Change 18.59% 13.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.30M $74.30M
YoY Change -30.96% 589.43%
Accrued Expenses $42.30M $73.80M
YoY Change -42.68% -38.35%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $170.7M $283.4M
YoY Change -39.78% 64.7%
LONG-TERM LIABILITIES
Long-Term Debt $1.030B $902.7M
YoY Change 14.04% -35.07%
Other Long-Term Liabilities $7.697M $3.405M
YoY Change 126.05% -1.5%
Total Long-Term Liabilities $1.037B $906.2M
YoY Change 14.46% -34.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $170.7M $283.4M
Total Long-Term Liabilities $1.037B $906.2M
Total Liabilities $1.276B $1.250B
YoY Change 2.04% -22.68%
SHAREHOLDERS EQUITY
Retained Earnings -$1.040B -$1.408B
YoY Change -26.17% -32.59%
Common Stock $2.384B $2.367B
YoY Change 0.7% -1.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.344B $959.2M
YoY Change
Total Liabilities & Shareholders Equity $2.620B $2.209B
YoY Change 18.59% 13.81%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $173.4M $33.45M
YoY Change 418.3% -45.26%
Depreciation, Depletion And Amortization $65.70M $50.76M
YoY Change 29.43% 33.57%
Cash From Operating Activities $183.8M $116.1M
YoY Change 58.31% 24.7%
INVESTING ACTIVITIES
Capital Expenditures -$138.4M -$165.6M
YoY Change -16.43% 29.88%
Acquisitions
YoY Change
Other Investing Activities $900.0K $11.30M
YoY Change -92.04% 189.74%
Cash From Investing Activities -$137.5M -$154.4M
YoY Change -10.95% 24.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.00M 19.00M
YoY Change -284.21% -45.87%
NET CHANGE
Cash From Operating Activities 183.8M 116.1M
Cash From Investing Activities -137.5M -154.4M
Cash From Financing Activities -35.00M 19.00M
Net Change In Cash 11.30M -19.30M
YoY Change -158.55% -519.57%
FREE CASH FLOW
Cash From Operating Activities $183.8M $116.1M
Capital Expenditures -$138.4M -$165.6M
Free Cash Flow $322.2M $281.7M
YoY Change 14.38% 27.7%

Facts In Submission

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76000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9305000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-9491000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1171432000 USD
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
34000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-459000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
173382000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1344321000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
765579000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
58475000 USD
CY2018Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
4353000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11441000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
86520000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
941830000 USD
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
28743000 USD
CY2018Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
44000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
12672000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
33452000 USD
us-gaap Net Income Loss
NetIncomeLoss
163891000 USD
us-gaap Net Income Loss
NetIncomeLoss
119972000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1655000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
128801000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
96315000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6983000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
20015000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
40029000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-36966000 USD
lpi Cash Settlements Of Matured Derivative Financial Instruments Net
CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet
23582000 USD
lpi Cash Settlements Of Matured Derivative Financial Instruments Net
CashSettlementsOfMaturedDerivativeFinancialInstrumentsNet
-2055000 USD
lpi Proceeds From Payments For Cash Settlements Early Terminations Of Derivative Financial Instruments Net
ProceedsFromPaymentsForCashSettlementsEarlyTerminationsOfDerivativeFinancialInstrumentsNet
-5409000 USD
lpi Proceeds From Payments For Cash Settlements Early Terminations Of Derivative Financial Instruments Net
ProceedsFromPaymentsForCashSettlementsEarlyTerminationsOfDerivativeFinancialInstrumentsNet
0 USD
lpi Change In Net Present Value Of Deferred Premiums For Derivative Financial Instruments
ChangeInNetPresentValueOfDeferredPremiumsForDerivativeFinancialInstruments
119000 USD
lpi Change In Net Present Value Of Deferred Premiums For Derivative Financial Instruments
ChangeInNetPresentValueOfDeferredPremiumsForDerivativeFinancialInstruments
396000 USD
lpi Premiums Paid Received For Derivative Financial Instruments
PremiumsPaidReceivedForDerivativeFinancialInstruments
6249000 USD
lpi Premiums Paid Received For Derivative Financial Instruments
PremiumsPaidReceivedForDerivativeFinancialInstruments
9475000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1693000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1638000 USD
lpi Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
6309000 USD
lpi Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
0 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4068000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
6910000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-17537000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2331000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
4200000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
10974000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-3077000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1835000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18215000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
15911000 USD
lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
-4110000 USD
lpi Increase Decrease In Undistributed Revenue And Accrued Royalties
IncreaseDecreaseInUndistributedRevenueAndAccruedRoyalties
8146000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-18134000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-20124000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-100000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-544000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
261269000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
262601000 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
2880000 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
16340000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
284616000 USD
us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
341534000 USD
lpi Payments To Acquire Midstream Service Assets
PaymentsToAcquireMidstreamServiceAssets
5449000 USD
lpi Payments To Acquire Midstream Service Assets
PaymentsToAcquireMidstreamServiceAssets
5205000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
965000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
4965000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
1655000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
936000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
12317000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-292974000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-354072000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
80000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
110000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
35000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
87218000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2646000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4397000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2469000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
42354000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15916000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10649000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-75555000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45151000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112159000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55800000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36604000 USD
us-gaap Nature Of Operations
NatureOfOperations
<div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Note </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">1</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">—</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and basis of presentation</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">a.</span><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">    </span><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Organization</span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Laredo Petroleum, Inc. ("Laredo"), together with its wholly-owned subsidiaries, Laredo Midstream Services, LLC ("LMS") and Garden City Minerals, LLC ("GCM"), is </span><span style="font-family:inherit;font-size:10pt;">an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, and midstream and marketing services, primarily in the Permian Basin of West Texas</span><span style="font-family:inherit;font-size:10pt;">. LMS and GCM (together, the "Guarantors") guarantee all of Laredo's debt instruments. In these notes, the "Company" refers to Laredo, LMS and GCM collectively, unless the context indicates otherwise. All amounts, dollars and percentages presented in these unaudited consolidated financial statements and the related notes are rounded and, therefore, approximate.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">b.    Basis of presentation</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The unaudited consolidated financial statements were derived from the historical accounting records of the Company and reflect the historical financial position, results of operations and cash flows for the periods described herein. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). All material intercompany transactions and account balances have been eliminated in the consolidation of accounts.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The unaudited consolidated financial statements have not been audited by the Company's independent registered public accounting firm, except that the consolidated balance sheet as of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2018</span><span style="font-family:inherit;font-size:10pt;"> is derived from audited consolidated financial statements. In the opinion of management, the unaudited consolidated financial statements reflect all necessary adjustments to present fairly the Company's financial position as of </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;">, results of operations for the three and six months ended </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> and cash flows for the </span><span style="font-family:inherit;font-size:10pt;">six</span><span style="font-family:inherit;font-size:10pt;"> months ended </span><span style="font-family:inherit;font-size:10pt;">June 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain disclosures have been condensed or omitted from the unaudited consolidated financial statements. Accordingly, the unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> Annual Report.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Significant accounting policies</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">See Note 2 in the </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> Annual Report for discussion of significant accounting policies and Note </span><span style="font-family:inherit;font-size:10pt;">3</span><span style="font-family:inherit;font-size:10pt;"> for those related to the adoption of Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 842, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</span><span style="font-family:inherit;font-size:10pt;"> ("ASC 842"). </span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates in the preparation of interim unaudited consolidated financial statements</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although management believes these estimates are reasonable, actual results could differ.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For further information regarding the use of estimates and assumptions, see Note 2.b in the </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> Annual Report, Note </span><span style="font-family:inherit;font-size:10pt;">3</span><span style="font-family:inherit;font-size:10pt;"> pertaining to the Company's leases and Note </span><span style="font-family:inherit;font-size:10pt;">6.c</span><span style="font-family:inherit;font-size:10pt;"> pertaining to the Company's 2019 performance share awards and outperformance share award.</span></div>
CY2019Q2 lpi Accumulated Depletionand Impairment Oiland Natural Gas Properties
AccumulatedDepletionandImpairmentOilandNaturalGasProperties
4975302000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of estimates in the preparation of interim unaudited consolidated financial statements</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although management believes these estimates are reasonable, actual results could differ.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For further information regarding the use of estimates and assumptions, see Note 2.b in the </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> Annual Report, Note </span><span style="font-family:inherit;font-size:10pt;">3</span><span style="font-family:inherit;font-size:10pt;"> pertaining to the Company's leases and Note </span><span style="font-family:inherit;font-size:10pt;">6.c</span><span style="font-family:inherit;font-size:10pt;"> pertaining to the Company's 2019 performance share awards and outperformance share award.</span></div>
CY2019Q2 lpi Average Working Interest Core Operating Producing Wells Percent
AverageWorkingInterestCoreOperatingProducingWellsPercent
0.97
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3713000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
7241000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
49108000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
95434000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1254000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1772000 USD
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
247000 USD
us-gaap Sublease Income
SubleaseIncome
494000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
53828000 USD
us-gaap Lease Cost
LeaseCost
103953000 USD
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1294000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2824000 USD
CY2019Q2 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
2270000 USD
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
4516000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M6D
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0827
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
11279000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4729000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2833000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2027000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1259000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3925000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26052000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4049000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
22003000 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9948000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12055000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
3092000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3179000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3128000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2560000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1358000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
4556000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
17873000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
5900000 USD
CY2019Q2 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
7080332000 USD
CY2018Q4 us-gaap Capitalized Costs Proved Properties
CapitalizedCostsProvedProperties
6752631000 USD
CY2018Q4 lpi Accumulated Depletionand Impairment Oiland Natural Gas Properties
AccumulatedDepletionandImpairmentOilandNaturalGasProperties
4854017000 USD
CY2019Q2 lpi Capitalized Costs Proved Properties Net
CapitalizedCostsProvedPropertiesNet
2105030000 USD
CY2018Q4 lpi Capitalized Costs Proved Properties Net
CapitalizedCostsProvedPropertiesNet
1898614000 USD
CY2019Q2 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
95138000 USD
CY2018Q4 us-gaap Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative
CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
130957000 USD
CY2019Q2 lpi Midstream Service Assets Net
MidstreamServiceAssetsNet
131633000 USD
CY2018Q4 lpi Midstream Service Assets Net
MidstreamServiceAssetsNet
130245000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2369734000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2199635000 USD
CY2019Q2 lpi Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred
CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred
3430000 USD
CY2018Q2 lpi Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred
CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred
6735000 USD
lpi Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred
CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred
10112000 USD
lpi Capitalized Costs Of Oil And Gas Properties Employee Related Costs Incurred
CapitalizedCostsOfOilAndGasPropertiesEmployeeRelatedCostsIncurred
13264000 USD
CY2019Q2 lpi Depletion Expense Per Physical Unitof Production
DepletionExpensePerPhysicalUnitofProduction
8.27
CY2018Q2 lpi Depletion Expense Per Physical Unitof Production
DepletionExpensePerPhysicalUnitofProduction
7.68
lpi Depletion Expense Per Physical Unitof Production
DepletionExpensePerPhysicalUnitofProduction
8.51
lpi Depletion Expense Per Physical Unitof Production
DepletionExpensePerPhysicalUnitofProduction
7.52
CY2019Q2 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
0 USD
CY2018Q2 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
13847000 USD
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
0 USD
us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves
13847000 USD
CY2019Q2 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
2880000 USD
CY2018Q2 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
2790000 USD
us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
2880000 USD
us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
2790000 USD
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
327834000 USD
CY2019Q2 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
5116000 USD
CY2018Q2 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
5108000 USD
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
12621000 USD
us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
11245000 USD
CY2019Q2 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
123664000 USD
CY2018Q2 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
178796000 USD
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
276381000 USD
CY2019Q2 us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
131660000 USD
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CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
200541000 USD
us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
291882000 USD
us-gaap Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities
CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities
355716000 USD
CY2019Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1035000000 USD
CY2019Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5474000 USD
CY2019Q2 us-gaap Long Term Debt
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1029526000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
990000000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6364000 USD
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983636000 USD
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
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200000000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
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8.78
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StockRepurchasedAndRetiredDuringPeriodValue
97100000 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
-459000 USD
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
12672000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
8846000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
24113000 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
-36000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1996000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1863000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4098000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
-423000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10676000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6983000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20015000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
71492000 USD
CY2019Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
71492000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
43506000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
43506000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
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1362000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
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1815000 USD
CY2019Q2 lpi Derivative Financial Instrument Deferred Premium Future Payments Due Remaining Fiscal Year
DerivativeFinancialInstrumentDeferredPremiumFuturePaymentsDueRemainingFiscalYear
2813000 USD
CY2019Q2 lpi Derivative Financial Instrument Deferred Premium Future Payments Due Due In Two Years
DerivativeFinancialInstrumentDeferredPremiumFuturePaymentsDueDueInTwoYears
477000 USD
CY2019Q2 lpi Derivative Financial Instrument Deferred Premium Future Payments Due
DerivativeFinancialInstrumentDeferredPremiumFuturePaymentsDue
3290000 USD
CY2019Q2 lpi Derivative Deferred Premium Paid Early Termination
DerivativeDeferredPremiumPaidEarlyTermination
7200000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
173382000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
33452000 USD
us-gaap Net Income Loss
NetIncomeLoss
163891000 USD
us-gaap Net Income Loss
NetIncomeLoss
119972000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
231406000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
230933000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
230943000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
234561000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231557000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231706000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
231725000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
235501000 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2019Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0 USD
CY2019Q2 lpi Minimum Volume Commitments Deficiency Payments
MinimumVolumeCommitmentsDeficiencyPayments
500000 USD
CY2018Q2 lpi Minimum Volume Commitments Deficiency Payments
MinimumVolumeCommitmentsDeficiencyPayments
2200000 USD
lpi Minimum Volume Commitments Deficiency Payments
MinimumVolumeCommitmentsDeficiencyPayments
1000000.0 USD
lpi Minimum Volume Commitments Deficiency Payments
MinimumVolumeCommitmentsDeficiencyPayments
2300000 USD
CY2019Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
42500000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
420000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
498000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-691000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1136000 USD
lpi Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
2335000 USD
lpi Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
-8878000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1863000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
4098000 USD
lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
356000 USD
lpi Capitalized Asset Retirement Cost
CapitalizedAssetRetirementCost
577000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
25212000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
56882000 USD
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
55506000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
356000 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
577000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2072000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
2227000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
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NetIncomeLoss
33452000 USD
CY2019Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
57948000 USD
CY2018Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
56495000 USD
CY2019Q2 lpi Tax Cuts And Jobs Act Of2017 Net Operating Loss Carryforward That Will Not Expire
TaxCutsAndJobsActOf2017NetOperatingLossCarryforwardThatWillNotExpire
180700000 USD
CY2019Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
202100000 USD
CY2019Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
4100000 USD
CY2019Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
76610000 USD
CY2019Q2 lpi Other Assets Current Not Separately Disclosed
OtherAssetsCurrentNotSeparatelyDisclosed
115905000 USD
CY2019Q2 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
2200168000 USD
CY2019Q2 lpi Midstream Service Assets Net
MidstreamServiceAssetsNet
131633000 USD
CY2019Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
37933000 USD
CY2019Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2019Q2 lpi Other Assets Noncurrent Not Separately Disclosed
OtherAssetsNoncurrentNotSeparatelyDisclosed
57673000 USD
CY2019Q2 us-gaap Assets
Assets
2619922000 USD
CY2019Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
51289000 USD
CY2019Q2 lpi Other Liabilities Current Not Separately Disclosed
OtherLiabilitiesCurrentNotSeparatelyDisclosed
119389000 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1029526000 USD
CY2019Q2 lpi Other Liabilities Noncurrent Not Separately Disclosed
OtherLiabilitiesNoncurrentNotSeparatelyDisclosed
75397000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1344321000 USD
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2619922000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
94321000 USD
CY2018Q4 lpi Other Assets Current Not Separately Disclosed
OtherAssetsCurrentNotSeparatelyDisclosed
98431000 USD
CY2018Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
2029571000 USD
CY2018Q4 lpi Midstream Service Assets Net
MidstreamServiceAssetsNet
130245000 USD
CY2018Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
39819000 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2018Q4 lpi Other Assets Noncurrent Not Separately Disclosed
OtherAssetsNoncurrentNotSeparatelyDisclosed
27918000 USD
CY2018Q4 us-gaap Assets
Assets
2420305000 USD
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
69504000 USD
CY2018Q4 lpi Other Liabilities Current Not Separately Disclosed
OtherLiabilitiesCurrentNotSeparatelyDisclosed
130961000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
983636000 USD
CY2018Q4 lpi Other Liabilities Noncurrent Not Separately Disclosed
OtherLiabilitiesNoncurrentNotSeparatelyDisclosed
61974000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
1174230000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2420305000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
216643000 USD
CY2019Q2 us-gaap Costs And Expenses
CostsAndExpenses
158815000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
57828000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
15765000 USD
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
133070000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
175133000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1751000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
173382000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
351046000 USD
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
256279000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
94767000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
14424000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-46891000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
33452000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
425590000 USD
us-gaap Costs And Expenses
CostsAndExpenses
313365000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
112225000 USD
us-gaap Interest Expense
InterestExpense
31312000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
84633000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
165546000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1655000 USD
us-gaap Net Income Loss
NetIncomeLoss
163891000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
610742000 USD
us-gaap Costs And Expenses
CostsAndExpenses
422783000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
187959000 USD
us-gaap Interest Expense
InterestExpense
27942000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-40045000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
119972000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Net Income Loss
NetIncomeLoss
119972000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
261269000 USD
lpi Payments For Proceeds From Capital Expenditures And Other Investing Activities
PaymentsForProceedsFromCapitalExpendituresAndOtherInvestingActivities
-292974000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
42354000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10649000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45151000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
262601000 USD
lpi Payments For Proceeds From Capital Expenditures And Other Investing Activities
PaymentsForProceedsFromCapitalExpendituresAndOtherInvestingActivities
-354072000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15916000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-75555000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112159000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36604000 USD
CY2019Q2 us-gaap Restructuring And Related Cost Number Of Positions Eliminated Period Percent
RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent
0.20

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