Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.19.1
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Reconciliation of denominators used to calculate basic and diluted EPS The reconciliation of the denominators used to calculate basic EPS and diluted EPS for the three months ended March 31, 2019 and 2018 are as follows:
  Three Months Ended
March 31,
(In Thousands, except per share data) 2019 2018
Net Income (Loss) $ (107,162) $ 2,965 
Weighted Average Common Shares Outstanding:
Weighted Average Common Shares Outstanding – Basic 371,449  65,215 
Plus: Potentially Dilutive Common Shares Including Stock Options and Restricted Stock —  168 
Weighted Average Common Shares Outstanding – Diluted 371,449  65,383 
Net Income (Loss) per Common Share
Basic $ (0.29) $ 0.05 
Diluted $ (0.29) $ 0.05 
Supplemental cash flow activity
The following reflects the Company’s supplemental cash flow information:
Three Months Ended March 31,
(In thousands) 2019 2018
Supplemental Cash Items:
Cash Paid During the Period for Interest $ 16,929  $ 7,631 
Cash Paid During the Period for Income Taxes —  — 
Non-cash Investing Activities:
Oil and Natural Gas Properties Included in Accounts Payable 133,872  85,068 
Capitalized Asset Retirement Obligations 226  184 
Compensation Capitalized on Oil and Gas Properties 84  54 
Non-cash Financing Activities:
Issuance of 8.50% Second Lien Notes due 2023 - PIK Interest 1,738  — 
Contingent Consideration Settlements 2,887  —