10-Q Filing

PERMIAN RESOURCES CORP CIK: 1658566 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001658566-18-000058`
Period End Date	20180630
Filing Date	20180806
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	cdev-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 88 Cash Flow Statement 76 Stockholders Equity 19

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.72M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$78.79M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$101.55M	USD	Point-in-time
Derivative instruments	`DerivativeAssetsCurrent`	$433.00K	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Derivative instruments	`DerivativeAssetsCurrent`	$22.73M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.05M	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	620.00M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.32M	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	620.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$202.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$179.32M	USD	Point-in-time
Unproved properties	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$1.84B	USD	Point-in-time
Unproved properties	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$1.95B	USD	Point-in-time
Proved properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$1.60B	USD	Point-in-time
Proved properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$2.10B	USD	Point-in-time
Accumulated depreciation, depletion and amortization	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$173.91M	USD	Point-in-time
Accumulated depreciation, depletion and amortization	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$313.16M	USD	Point-in-time
Total oil and natural gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$3.38B	USD	Point-in-time
Total oil and natural gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$3.63B	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.46M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.39M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantandEquipmentandOilandGasPropertySuccessfulEffortsMethodNet`	$3.39B	USD	Point-in-time
Total property and equipment, net	`PropertyPlantandEquipmentandOilandGasPropertySuccessfulEffortsMethodNet`	$3.63B	USD	Point-in-time
Derivative instruments	`DerivativeAssetsNoncurrent`	$662.00K	USD	Point-in-time
Derivative instruments	`DerivativeAssetsNoncurrent`	-	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$25.16M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$27.08M	USD	Point-in-time
Total assets	`Assets`	$3.62B	USD	Point-in-time
Total assets	`Assets`	$3.84B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$200.58M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$199.53M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesCurrent`	$240.00K	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$529.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$199.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$201.11M	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$390.76M	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$421.15M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$12.16M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$12.66M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$42.31M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$9.90M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesNoncurrent`	$2.86M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$596.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$680.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$612.60M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.82B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.77B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$196.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$66.64M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.83B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.02B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$142.85M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$169.75M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.55B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.00B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.16B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.93B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.84B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.62B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Oil and gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$433.66M	USD	2 Qtrs
Oil and gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$91.06M	USD	1 Quarter
Oil and gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$217.76M	USD	1 Quarter
Oil and gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$152.16M	USD	2 Qtrs
Lease operating expenses	`LeaseOperatingExpense`	$19.18M	USD	1 Quarter
Lease operating expenses	`LeaseOperatingExpense`	$15.55M	USD	2 Qtrs
Lease operating expenses	`LeaseOperatingExpense`	$8.27M	USD	1 Quarter
Lease operating expenses	`LeaseOperatingExpense`	$35.46M	USD	2 Qtrs
Severance and ad valorem taxes	`ExciseAndSalesTaxes`	$28.38M	USD	2 Qtrs
Severance and ad valorem taxes	`ExciseAndSalesTaxes`	$14.21M	USD	1 Quarter
Severance and ad valorem taxes	`ExciseAndSalesTaxes`	$4.72M	USD	1 Quarter
Severance and ad valorem taxes	`ExciseAndSalesTaxes`	$7.91M	USD	2 Qtrs
Gathering, processing and transportation expenses	`CostOfGoodsSoldOilAndGas`	$12.65M	USD	2 Qtrs
Gathering, processing and transportation expenses	`CostOfGoodsSoldOilAndGas`	$29.12M	USD	2 Qtrs
Gathering, processing and transportation expenses	`CostOfGoodsSoldOilAndGas`	$15.30M	USD	1 Quarter
Gathering, processing and transportation expenses	`CostOfGoodsSoldOilAndGas`	$7.40M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$74.95M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$60.46M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$34.30M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$140.96M	USD	2 Qtrs
Impairment and abandonment expenses	`ExplorationAbandonmentAndImpairmentExpense`	$1.78M	USD	2 Qtrs
Impairment and abandonment expenses	`ExplorationAbandonmentAndImpairmentExpense`	$1.78M	USD	1 Quarter
Impairment and abandonment expenses	`ExplorationAbandonmentAndImpairmentExpense`	-	USD	1 Quarter
Impairment and abandonment expenses	`ExplorationAbandonmentAndImpairmentExpense`	$-29.00K	USD	2 Qtrs
Exploration expense	`ExplorationExpense`	$1.29M	USD	1 Quarter
Exploration expense	`ExplorationExpense`	$1.87M	USD	1 Quarter
Exploration expense	`ExplorationExpense`	$5.31M	USD	2 Qtrs
Exploration expense	`ExplorationExpense`	$2.47M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.82M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$28.11M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$13.81M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$22.71M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$269.12M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$67.81M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$141.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$121.72M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$164.54M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$23.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$76.67M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$30.45M	USD	2 Qtrs
Gain (loss) on sale of oil and natural gas properties	`GainLossOnSaleOfProperty`	$7.36M	USD	2 Qtrs
Gain (loss) on sale of oil and natural gas properties	`GainLossOnSaleOfProperty`	$-126.00K	USD	2 Qtrs
Gain (loss) on sale of oil and natural gas properties	`GainLossOnSaleOfProperty`	$-141.00K	USD	1 Quarter
Gain (loss) on sale of oil and natural gas properties	`GainLossOnSaleOfProperty`	$7.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.12M	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.60M	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.79M	USD	1 Quarter
Interest expense	`InterestExpense`	$707.00K	USD	1 Quarter
Net gain (loss) on derivative instruments	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$24.54M	USD	2 Qtrs
Net gain (loss) on derivative instruments	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$6.29M	USD	2 Qtrs
Net gain (loss) on derivative instruments	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$16.70M	USD	1 Quarter
Net gain (loss) on derivative instruments	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$2.53M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-17.00K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-14.00K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$12.53M	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$12.79M	USD	2 Qtrs
Other income (expense)	`NonoperatingIncomeExpense`	$9.01M	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	$10.75M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.27M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.97M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$177.33M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$87.42M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$39.08M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$19.94M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.07M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.07M	USD	2 Qtrs
Net income	`ProfitLoss`	$67.48M	USD	1 Quarter
Net income	`ProfitLoss`	$138.25M	USD	2 Qtrs
Net income	`ProfitLoss`	$23.20M	USD	1 Quarter
Net income	`ProfitLoss`	$33.91M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.32M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.62M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.44M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.94M	USD	1 Quarter
Net income attributable to Class A Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$129.63M	USD	2 Qtrs
Net income attributable to Class A Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$20.76M	USD	1 Quarter
Net income attributable to Class A Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$30.59M	USD	2 Qtrs
Net income attributable to Class A Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$63.54M	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.49	USD	2 Qtrs
Basic (USD per share)	`EarningsPerShareBasic`	$0.14	USD	2 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.49	USD	2 Qtrs
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.14	USD	2 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$67.48M	USD	1 Quarter
Net income	`ProfitLoss`	$138.25M	USD	2 Qtrs
Net income	`ProfitLoss`	$23.20M	USD	1 Quarter
Net income	`ProfitLoss`	$33.91M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$74.95M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$60.46M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$34.30M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$140.96M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$8.99M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.59M	USD	2 Qtrs
Abandonment expense and impairment of unproved properties	`ExplorationAbandonmentAndImpairmentExpense`	$1.78M	USD	2 Qtrs
Abandonment expense and impairment of unproved properties	`ExplorationAbandonmentAndImpairmentExpense`	$1.78M	USD	1 Quarter
Abandonment expense and impairment of unproved properties	`ExplorationAbandonmentAndImpairmentExpense`	-	USD	1 Quarter
Abandonment expense and impairment of unproved properties	`ExplorationAbandonmentAndImpairmentExpense`	$-29.00K	USD	2 Qtrs
Exploratory dry hole cost	`ExploratoryAndOtherCosts`	$395.00K	USD	2 Qtrs
Exploratory dry hole cost	`ExploratoryAndOtherCosts`	-	USD	2 Qtrs
Deferred tax expense	`DeferredIncomeTaxesAndTaxCredits`	$9.07M	USD	2 Qtrs
Deferred tax expense	`DeferredIncomeTaxesAndTaxCredits`	$39.08M	USD	2 Qtrs
(Gain) loss on sale of oil and natural gas properties	`GainLossOnSaleOfProperty`	$7.36M	USD	2 Qtrs
(Gain) loss on sale of oil and natural gas properties	`GainLossOnSaleOfProperty`	$-126.00K	USD	2 Qtrs
(Gain) loss on sale of oil and natural gas properties	`GainLossOnSaleOfProperty`	$-141.00K	USD	1 Quarter
(Gain) loss on sale of oil and natural gas properties	`GainLossOnSaleOfProperty`	$7.19M	USD	1 Quarter
Non-cash portion of derivative (gain) loss	`UnrealizedGainLossOnDerivatives`	$6.41M	USD	2 Qtrs
Non-cash portion of derivative (gain) loss	`UnrealizedGainLossOnDerivatives`	$19.02M	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$214.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$806.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.69M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.57M	USD	2 Qtrs
(Increase) decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-294.00K	USD	2 Qtrs
(Increase) decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$172.00K	USD	2 Qtrs
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$28.93M	USD	2 Qtrs
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.43M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$93.14M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$323.90M	USD	2 Qtrs
Acquisitions of oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$405.24M	USD	2 Qtrs
Acquisitions of oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$107.19M	USD	2 Qtrs
Drilling and development capital expenditures	`PaymentsToExploreAndDevelopOilAndGasProperties`	$469.00M	USD	2 Qtrs
Drilling and development capital expenditures	`PaymentsToExploreAndDevelopOilAndGasProperties`	$198.30M	USD	2 Qtrs
Purchases of other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$3.26M	USD	2 Qtrs
Purchases of other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$2.46M	USD	2 Qtrs
Proceeds from sales of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$10.68M	USD	2 Qtrs
Proceeds from sales of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$146.09M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-595.33M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-433.37M	USD	2 Qtrs
Issuance of Class A common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Issuance of Class A common shares	`ProceedsFromIssuanceOfCommonStock`	$340.75M	USD	2 Qtrs
Underwriters discount and offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Underwriters discount and offering costs	`PaymentsOfStockIssuanceCosts`	$7.23M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$115.00M	USD	2 Qtrs
Proceeds from revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$50.00M	USD	2 Qtrs
Repayment of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$85.00M	USD	2 Qtrs
Repayment of revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$15.00M	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$575.00K	USD	2 Qtrs
Restricted stock used for tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$257.00K	USD	2 Qtrs
Restricted stock used for tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$415.00K	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$4.04M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.27M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$368.10M	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-83.19M	USD	2 Qtrs
Net decrease in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-134.08M	USD	2 Qtrs
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.72M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$134.08M	USD	Point-in-time
Cash and cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$125.92M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.72M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$134.08M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$125.92M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$1.16M	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$723.00K	USD	2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$80.65M	USD	2 Qtrs
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$97.71M	USD	2 Qtrs
Asset retirement obligations incurred, including revisions to estimates	`AssetRetirementObligationPeriodIncreaseDecrease`	$659.00K	USD	2 Qtrs
Asset retirement obligations incurred, including revisions to estimates	`AssetRetirementObligationPeriodIncreaseDecrease`	$649.00K	USD	2 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.55B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.00B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.16B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.93B	USD	Point-in-time
Conversion of common and preferred shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$6.67M	USD	2 Qtrs
Sale of unregistered Class A common shares	`StockIssuedDuringPeriodValueNewIssues`	$340.75M	USD	2 Qtrs
Underwriters' discount and offering expense	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$7.23M	USD	2 Qtrs
Restricted stock used for tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$257.00K	USD	2 Qtrs
Option Exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	$575.00K	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.59M	USD	2 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.99M	USD	2 Qtrs
Net income	`ProfitLoss`	$67.48M	USD	1 Quarter
Net income	`ProfitLoss`	$138.25M	USD	2 Qtrs
Net income	`ProfitLoss`	$23.20M	USD	1 Quarter
Net income	`ProfitLoss`	$33.91M	USD	2 Qtrs
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.55B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.00B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.16B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.93B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.