Basis of Presentation (Tables)
|
9 Months Ended |
Sep. 30, 2018 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Amounts Recorded in Prepaid Expenses and Other Assets |
The amounts recorded are expected to be realized within one year and the major categories are presented in the following table (in thousands):
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2018
|
|
|
2017
|
|
|
Prepaid/accrued insurance
|
$
|
4,214
|
|
|
$
|
2,401
|
|
|
Surety bond unamortized premiums
|
|
2,847
|
|
|
|
2,676
|
|
|
Prepaid deposits related to royalties
|
|
9,698
|
|
|
|
6,456
|
|
|
Advances for capital expenditures
|
|
860
|
|
|
|
—
|
|
|
Derivative contract premiums
|
|
791
|
|
|
|
—
|
|
|
Other
|
|
1,289
|
|
|
|
1,886
|
|
|
Prepaid expenses and other assets
|
$
|
19,699
|
|
|
$
|
13,419
|
|
|
| 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,
|
|
|
|
2018
|
|
|
2017
|
|
|
Oil and natural gas properties and equipment
|
$
|
8,146,742
|
|
|
$
|
8,102,044
|
|
|
Furniture, fixtures and other
|
|
20,227
|
|
|
|
21,831
|
|
|
Total property and equipment
|
|
8,166,969
|
|
|
|
8,123,875
|
|
|
Less accumulated depreciation, depletion
and amortization
|
|
7,644,188
|
|
|
|
7,544,859
|
|
|
Oil and natural gas properties and other, net
|
$
|
522,781
|
|
|
$
|
579,016
|
|
|
| Schedule of Other Assets (Long-term) |
The major categories are presented in the following table (in thousands)
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2018
|
|
|
2017
|
|
|
Escrow deposit - Apache lawsuit
|
$
|
49,500
|
|
|
$
|
49,500
|
|
|
Appeal bond deposits
|
|
6,925
|
|
|
|
6,925
|
|
|
Investment in White Cap, LLC
|
|
2,648
|
|
|
|
2,511
|
|
|
Deposit related to letters of credit
|
|
4,702
|
|
|
|
—
|
|
|
Unamortized brokerage fee for Monza
|
|
1,981
|
|
|
|
—
|
|
|
Proportional consolidation of Monza's
other assets (Note 4)
|
|
2,212
|
|
|
|
—
|
|
|
Other
|
|
1,046
|
|
|
|
1,457
|
|
|
Total other assets
|
$
|
69,014
|
|
|
$
|
60,393
|
|
|
| Schedule of Accrued Liabilities |
The major categories are presented in the following table (in thousands):
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2018
|
|
|
2017
|
|
|
Accrued interest
|
$
|
15,041
|
|
|
$
|
4,200
|
|
|
Accrued salaries/payroll taxes/benefits
|
|
2,291
|
|
|
|
2,454
|
|
|
Incentive compensation plans
|
|
6,452
|
|
|
|
7,366
|
|
|
Litigation accruals
|
|
3,604
|
|
|
|
3,480
|
|
|
Derivative contracts
|
|
3,252
|
|
|
|
84
|
|
|
Other
|
|
418
|
|
|
|
346
|
|
|
Total accrued liabilities
|
$
|
31,058
|
|
|
$
|
17,930
|
|
|
| Schedule of Other Liabilities (Long-term) |
The major categories are presented in the following table (in thousands):
|
|
September 30,
|
|
|
December 31,
|
|
|
|
2018
|
|
|
2017
|
|
|
Apache lawsuit
|
$
|
49,500
|
|
|
$
|
49,500
|
|
|
Uncertain tax positions including interest/penalties
|
|
11,379
|
|
|
|
11,015
|
|
|
Dispute related to royalty deductions
|
|
4,687
|
|
|
|
—
|
|
|
Dispute related to royalty-in-kind
|
|
2,100
|
|
|
|
914
|
|
|
Other
|
|
5,509
|
|
|
|
5,437
|
|
|
Total other liabilities (long-term)
|
$
|
73,175
|
|
|
$
|
66,866
|
|
|