Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.10.0.1
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Fair Value of Net Assets Acquired
The following table summarizes the estimated acquisition date fair values of the acquisition:
Evaluated oil and natural gas properties
$
253,089

Unevaluated oil and natural gas properties
287,000

Asset retirement obligations
(570
)
Net assets acquired
$
539,519

The following table summarizes the estimated acquisition date fair values of the acquisition:
Evaluated oil and natural gas properties
$
137,368

Unevaluated oil and natural gas properties
509,359

Asset retirement obligations
(168
)
Net assets acquired
$
646,559


Unaudited Summary Pro Forma Financial Information
The following unaudited summary pro forma financial information for the periods presented is for illustrative purposes only and does not purport to represent what the Company’s results of operations would have been if the Cimarex Asset Acquisition and Ameredev Transaction had occurred as presented, or to project the Company’s results of operations for any future periods:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
(a) 
 
2017
(a) 
 
2018
(a) 
 
2017
(a) 
Revenues
 
$
181,880

 
 
$
107,966

 
 
$
506,864

 
 
$
326,357

 
Income from operations
 
82,057

 
 
42,556

 
 
238,776

 
 
124,005

 
Income available to common stockholders
 
44,703

 
 
26,387

 
 
175,623

 
 
128,716

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per common share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.20

 
 
$
0.13

 
 
$
0.82

 
 
$
0.64

 
Diluted
 
$
0.20

 
 
$
0.13

 
 
$
0.82

 
 
$
0.64

 

(a)
The pro forma financial information was prepared assuming the Cimarex Asset Acquisition and the Ameredev Transaction occurred as of January 1, 2017.