Basis of Presentation (Tables)
|
9 Months Ended |
Sep. 30, 2017 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Amounts Recorded in Prepaid Expenses and Other Assets |
The amounts recorded in Prepaid expenses and other assets are expected to be realized within one year. The major categories are presented in the following table (in thousands):
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2017
|
|
|
2016
|
|
|
Derivative assets (1)
|
$
|
1,155
|
|
|
$
|
—
|
|
|
Prepaid/accrued insurance
|
|
3,346
|
|
|
|
2,924
|
|
|
Surety bond unamortized premiums
|
|
1,689
|
|
|
|
2,462
|
|
|
Prepaid deposits related to royalties
|
|
6,455
|
|
|
|
6,237
|
|
|
Other
|
|
2,428
|
|
|
|
2,881
|
|
|
Prepaid expenses and other assets
|
$
|
15,073
|
|
|
$
|
14,504
|
|
|
|
(1)
|
Includes open and closed (and not settled) derivative commodity contracts recorded at fair value.
|
|
| Schedule of Oil and Natural Gas Properties and Other, Net at Cost |
Oil and Natural Gas Properties and Other, Net – at cost. Oil and natural gas properties and equipment are recorded at cost using the full cost method. There were no amounts excluded from amortization as of the dates presented in the following table (in thousands):
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2017
|
|
|
2016
|
|
|
Oil and natural gas properties and equipment
|
$
|
8,043,823
|
|
|
$
|
7,932,504
|
|
|
Furniture, fixtures and other
|
|
21,803
|
|
|
|
20,898
|
|
|
Total property and equipment
|
|
8,065,626
|
|
|
|
7,953,402
|
|
|
Less accumulated depreciation, depletion and amortization
|
|
7,510,372
|
|
|
|
7,406,349
|
|
|
Oil and natural gas properties and other, net
|
$
|
555,254
|
|
|
$
|
547,053
|
|
|
| Schedule of Accrued Liabilities |
Accrued Liabilities. The major categories recorded in Accrued liabilities are presented in the following table (in thousands):
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2017
|
|
|
2016
|
|
|
Accrued interest
|
$
|
15,037
|
|
|
$
|
4,189
|
|
|
Accrued salaries/payroll taxes/benefits
|
|
7,152
|
|
|
|
2,777
|
|
|
Other
|
|
4,361
|
|
|
|
2,234
|
|
|
Total accrued liabilities
|
$
|
26,550
|
|
|
$
|
9,200
|
|
|
| Schedule of Other Assets (Long-term) |
The major categories recorded in Other assets are presented in the following table (in thousands)
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2017
|
|
|
2016
|
|
|
Escrow deposit - Apache lawsuit
|
$
|
49,500
|
|
|
$
|
—
|
|
|
Appeal bond deposits
|
|
6,925
|
|
|
|
6,925
|
|
|
Other
|
|
4,354
|
|
|
|
4,539
|
|
|
Total other assets
|
$
|
60,779
|
|
|
$
|
11,464
|
|
|
| Schedule of Other Liabilities (Long-term) |
The major categories recorded in Other liabilities are presented in the following table (in thousands):
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2017
|
|
|
2016
|
|
|
Apache lawsuit
|
$
|
49,500
|
|
|
$
|
—
|
|
|
Uncertain tax positions including interest/penalties
|
|
10,905
|
|
|
|
10,584
|
|
|
Other
|
|
6,626
|
|
|
|
6,521
|
|
|
Total other liabilities (long-term)
|
$
|
67,031
|
|
|
$
|
17,105
|
|
|