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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 11,784
Total current assets 326,189
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 1,139,120
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) 554,537
Accumulated deficit 0
Total stockholders’ equity 554,737
Total liabilities and stockholders’ equity 1,139,120
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 554,537
Accumulated deficit 2,073,875
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 11,033
Total current assets 276,195
Oil and gas properties, full cost method of accounting:  
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 1,119,484
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 (2,309,679)
Total stockholders’ equity (649,673)
Total liabilities and stockholders’ equity 1,119,484
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