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FRESH START ACCOUNTING - Schedule of Fresh-Start Adjustments (Details)
$ in Thousands
Feb. 28, 2017
USD ($)
Current assets:  
Cash and cash equivalents $ 162,966
Restricted cash 75,547
Accounts receivable 52,109
Fair value of derivative contracts 1,267
Current income tax receivable 22,516
Other current assets 11,675
Total current assets 326,080
Proved 670,852
Less: accumulated DD&A 0
Net proved oil and gas properties 670,852
Unevaluated 97,010
Other property and equipment, net 21,062
Fair value of derivative contracts 1,819
Other assets, net 22,188
Total assets 1,139,011
Current liabilities:  
Accounts payable to vendors 20,512
Undistributed oil and gas proceeds 1,778
Accrued interest 266
Asset retirement obligations 92,597
Fair value of derivative contracts 476
Current portion of long-term debt 411
Other current liabilities 16,837
Total current liabilities 132,877
Long-term debt 235,850
Asset retirement obligations 197,470
Fair value of derivative contracts 653
Other long-term liabilities 17,533
Total liabilities not subject to compromise 584,383
Liabilities subject to compromise 0
Total liabilities 584,383
Stockholders’ equity:  
Common stock (Successor) 200
Additional paid-in capital (Successor) 554,428
Accumulated deficit 0
Total stockholders’ equity 554,628
Total liabilities and stockholders’ equity 1,139,011
Reorganization Adjustments  
Current assets:  
Cash and cash equivalents (35,605)
Restricted cash 75,547
Accounts receivable 9,301
Fair value of derivative contracts 0
Current income tax receivable 0
Other current assets 875
Total current assets 50,118
Proved (188,933)
Less: accumulated DD&A 0
Net proved oil and gas properties (188,933)
Unevaluated (127,838)
Other property and equipment, net (101)
Fair value of derivative contracts 0
Other assets, net (4,328)
Total assets (271,082)
Current liabilities:  
Accounts payable to vendors 0
Undistributed oil and gas proceeds (4,139)
Accrued interest 0
Asset retirement obligations 0
Fair value of derivative contracts 0
Current portion of long-term debt 0
Other current liabilities (195)
Total current liabilities (4,334)
Long-term debt (116,500)
Asset retirement obligations (8,672)
Fair value of derivative contracts 0
Other long-term liabilities 0
Total liabilities not subject to compromise (129,506)
Liabilities subject to compromise (1,110,182)
Total liabilities (1,239,688)
Stockholders’ equity:  
Common stock 200
Additional paid-in capital 554,428
Accumulated deficit 2,073,984
Total stockholders’ equity 968,606
Total liabilities and stockholders’ equity (271,082)
Fresh Start Adjustments  
Current assets:  
Cash and cash equivalents 0
Restricted cash 0
Accounts receivable 0
Fair value of derivative contracts 0
Current income tax receivable 0
Other current assets (124)
Total current assets (124)
Proved (8,774,122)
Less: accumulated DD&A 9,215,679
Net proved oil and gas properties 441,557
Unevaluated (146,292)
Other property and equipment, net (4,423)
Fair value of derivative contracts 0
Other assets, net 0
Total assets 290,718
Current liabilities:  
Accounts payable to vendors 0
Undistributed oil and gas proceeds 0
Accrued interest 0
Asset retirement obligations 0
Fair value of derivative contracts 0
Current portion of long-term debt 0
Other current liabilities 0
Total current liabilities 0
Long-term debt 0
Asset retirement obligations 54,914
Fair value of derivative contracts 0
Other long-term liabilities 0
Total liabilities not subject to compromise 54,914
Liabilities subject to compromise 0
Total liabilities 54,914
Stockholders’ equity:  
Common stock 0
Additional paid-in capital 0
Accumulated deficit 235,804
Total stockholders’ equity 235,804
Total liabilities and stockholders’ equity 290,718
Predecessor  
Current assets:  
Cash and cash equivalents 198,571
Restricted cash 0
Accounts receivable 42,808
Fair value of derivative contracts 1,267
Current income tax receivable 22,516
Other current assets 10,924
Total current assets 276,086
Proved 9,633,907
Less: accumulated DD&A (9,215,679)
Net proved oil and gas properties 418,228
Unevaluated 371,140
Other property and equipment, net 25,586
Fair value of derivative contracts 1,819
Other assets, net 26,516
Total assets 1,119,375
Current liabilities:  
Accounts payable to vendors 20,512
Undistributed oil and gas proceeds 5,917
Accrued interest 266
Asset retirement obligations 92,597
Fair value of derivative contracts 476
Current portion of long-term debt 411
Other current liabilities 17,032
Total current liabilities 137,211
Long-term debt 352,350
Asset retirement obligations 151,228
Fair value of derivative contracts 653
Other long-term liabilities 17,533
Total liabilities not subject to compromise 658,975
Liabilities subject to compromise 1,110,182
Total liabilities 1,769,157
Stockholders’ equity:  
Common stock 56
Treasury stock (Predecessor) (860)
Additional paid-in capital (Predecessor) 1,660,810
Accumulated deficit (2,309,788)
Total stockholders’ equity (649,782)
Total liabilities and stockholders’ equity 1,119,375
Predecessor | Reorganization Adjustments  
Stockholders’ equity:  
Common stock (56)
Treasury stock (Predecessor) 860
Additional paid-in capital (1,660,810)
Predecessor | Fresh Start Adjustments  
Stockholders’ equity:  
Common stock 0
Treasury stock (Predecessor) 0
Additional paid-in capital $ 0