SandRidge Energy (SD) 10-Q 3 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 27, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	SANDRIDGE ENERGY INC
Entity Central Index Key	1,349,436
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		35,647,066

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - Successor - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 133,201	$ 121,231
Restricted cash - collateral	0	50,000
Restricted cash - other	2,312	2,840
Accounts receivable, net	69,187	74,097
Derivative contracts	6,608	0
Prepaid expenses	2,334	5,375
Other current assets	8,045	3,633
Total current assets	221,687	257,176
Oil and natural gas properties, using full cost method of accounting
Proved	1,004,370	840,201
Unproved	103,533	74,937
Less: accumulated depreciation, depletion and impairment	(432,564)	(353,030)
Net oil and natural gas properties capitalized costs	675,339	562,108
Other property, plant and equipment, net	238,420	255,824
Derivative contracts	2,010	0
Other assets	1,327	6,284
Total assets	1,138,783	1,081,392
Current liabilities
Accounts payable and accrued expenses	127,941	116,517
Derivative contracts	8	27,538
Asset retirement obligations	62,144	66,154
Other current liabilities	7,422	3,497
Total current liabilities	197,515	213,706
Long-term debt	37,601	305,308
Derivative contracts	0	2,176
Asset retirement obligations	42,698	40,327
Other long-term obligations	2,686	6,958
Total liabilities	280,500	568,475
Commitments and contingencies (Note 8)
Stockholders’ Equity
Common stock, $0.001 par value; 250,000 shares authorized; 35,801 issued and outstanding at September 30, 2017 and 21,042 issued and 19,635 outstanding at December 31, 2016	36	20
Warrants	88,475	88,381
Additional paid-in capital	1,037,932	758,498
Accumulated deficit	(268,160)	(333,982)
Total stockholders’ equity	858,283	512,917
Total liabilities and stockholders’ equity	$ 1,138,783	$ 1,081,392

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - Successor - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Common stock, shares outstanding	35,801,000	19,635,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	35,801,000	21,042,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Successor
Revenues
Oil, natural gas and NGL	$ 80,540		$ 263,235
Other	352		858
Total revenues	80,892		264,093
Expenses
Production	26,765		76,997
Production taxes	3,606		9,435
Depreciation and depletion—oil and natural gas	31,029		87,486
Depreciation and amortization—other	3,399		10,729
Impairment	498		3,475
General and administrative	20,292		63,999
Loss (gain) on derivative contracts	11,702		(46,024)
Loss on settlement of contract	0		0
Other operating (income) expense	(132)		135
Total expenses	97,159		206,232
(Loss) income from operations	(16,267)		57,861
Other (expense) income
Interest expense, net	(872)		(2,757)
Gain on extinguishment of debt	0		0
Reorganization items, net	0		0
Other income (expense), net	197		2,222
Total other expense	(675)		(535)
(Loss) income before income taxes	(16,942)		57,326
Income tax (benefit) expense	(8,457)		(8,496)
Net (loss) income	(8,485)		65,822
Preferred stock dividends	0		0
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders	$ (8,485)		$ 65,822
(Loss) earnings per share
Basic (in dollars per share)	$ (0.25)		$ 2.07
Diluted (in dollars per share)	$ (0.25)		$ 2.06
Weighted average number of common shares outstanding
Basic (in shares)	34,290		31,750
Diluted (in shares)	34,290		31,984
Predecessor
Revenues
Oil, natural gas and NGL		$ 99,934		$ 279,971
Other		4,122		13,838
Total revenues		104,056		293,809
Expenses
Production		39,640		129,608
Production taxes		2,278		6,107
Depreciation and depletion—oil and natural gas		27,725		90,978
Depreciation and amortization—other		7,514		21,323
Impairment		354,451		718,194
General and administrative		29,145		134,447
Loss (gain) on derivative contracts		(338)		4,823
Loss on settlement of contract		0		90,184
Other operating (income) expense		979		4,348
Total expenses		461,394		1,200,012
(Loss) income from operations		(357,338)		(906,203)
Other (expense) income
Interest expense, net		(3,343)		(126,099)
Gain on extinguishment of debt		0		41,179
Reorganization items, net		(42,754)		(243,672)
Other income (expense), net		(898)		1,332
Total other expense		(46,995)		(327,260)
(Loss) income before income taxes		(404,333)		(1,233,463)
Income tax (benefit) expense		4		11
Net (loss) income		(404,337)		(1,233,474)
Preferred stock dividends		0		16,321
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders		$ (404,337)		$ (1,249,795)
(Loss) earnings per share
Basic (in dollars per share)		$ (0.56)		$ (1.76)
Diluted (in dollars per share)		$ (0.56)		$ (1.76)
Weighted average number of common shares outstanding
Basic (in shares)		718,373		708,788
Diluted (in shares)		718,373		708,788

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - Successor - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Warrants	Additional Paid-In Capital	Accumulated Deficit
Stockholders' Equity	$ 512,917	$ 20	$ 88,381	$ 758,498	$ (333,982)
Balance (in shares) at Dec. 31, 2016	19,635	19,635	6,442
Increase (Decrease) in Stockholders' Equity
Issuance of stock awards, net of cancellations (in shares)		1,756
Issuance of stock awards, net of cancellations	$ 0	$ 2		(2)
Common stock issued for debt (in shares)		14,328
Common stock issued for debt	268,779	$ 14		268,765
Common stock issued for general unsecured claims (in shares)		82
Stock-based compensation	14,531			14,531
Issuance of warrants for general unsecured claims (in shares)			100
Issuance of warrants for general unsecured claims			$ 94	(94)
Cash paid for tax withholdings on vested stock awards	(3,766)			(3,766)
Net income	$ 65,822				65,822
Balance (in shares) at Sep. 30, 2017	35,801	35,801	6,542
Stockholders' Equity	$ 858,283	$ 36	$ 88,475	$ 1,037,932	$ (268,160)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Successor
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 65,822
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Provision for doubtful accounts	133
Depreciation, depletion and amortization	98,215
Impairment	3,475
Reorganization items, net	0
Debt issuance costs amortization	313
Amortization of premiums and discounts on debt	(231)
Gain on extinguishment of debt	0
Gain on debt derivatives	0
Cash paid for early conversion of convertible notes	0
(Gain) loss on derivative contracts	(46,024)
Cash received on settlement of derivative contracts	7,700
Loss on settlement of contract	0
Cash paid on settlement of contract	0
Stock-based compensation	12,616
Other	188
Changes in operating assets and liabilities	5,699
Net cash provided by (used in) operating activities	147,906
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures for property, plant and equipment	(152,743)
Acquisition of assets	(48,236)
Proceeds from sale of assets	19,769
Net cash used in investing activities	(181,210)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings	0
Repayments of borrowings	0
Debt issuance costs	(1,488)
Cash paid for tax withholdings on vested stock awards	(3,766)
Net cash (used in) provided by financing activities	(5,254)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH	(38,558)
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year	174,071
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period	135,513
Supplemental Disclosure of Cash Flow Information
Cash paid for reorganization items	0
Supplemental Disclosure of Noncash Investing and Financing Activities
Cumulative effect of adoption of ASU 2015-02	0
Property, plant and equipment transferred in settlement of contract	0
Change in accrued capital expenditures	(15,241)
Equity issued for debt	$ (268,779)
Predecessor
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$ (1,233,474)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Provision for doubtful accounts		16,704
Depreciation, depletion and amortization		112,301
Impairment		718,194
Reorganization items, net		231,836
Debt issuance costs amortization		4,996
Amortization of premiums and discounts on debt		2,734
Gain on extinguishment of debt		(41,179)
Gain on debt derivatives		(1,324)
Cash paid for early conversion of convertible notes		(33,452)
(Gain) loss on derivative contracts		4,823
Cash received on settlement of derivative contracts		72,608
Loss on settlement of contract		90,184
Cash paid on settlement of contract		(11,000)
Stock-based compensation		9,075
Other		(3,260)
Changes in operating assets and liabilities		(3,805)
Net cash provided by (used in) operating activities		(64,039)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures for property, plant and equipment		(186,452)
Acquisition of assets		(1,328)
Proceeds from sale of assets		20,090
Net cash used in investing activities		(167,690)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings		489,198
Repayments of borrowings		(40,000)
Debt issuance costs		(333)
Cash paid for tax withholdings on vested stock awards		(44)
Net cash (used in) provided by financing activities		448,821
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH		217,092
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year		435,588
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period		652,680
Supplemental Disclosure of Cash Flow Information
Cash paid for reorganization items		(11,836)
Supplemental Disclosure of Noncash Investing and Financing Activities
Cumulative effect of adoption of ASU 2015-02		(247,566)
Property, plant and equipment transferred in settlement of contract		(215,635)
Change in accrued capital expenditures		25,045
Equity issued for debt		$ (4,409)

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Nature of Business. SandRidge Energy, Inc. is an oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma with its principal focus on developing high-return, growth-oriented projects in the U.S. Mid-Continent and North Park Basin of Colorado. On May 16, 2016, the Company and certain of its direct and indirect subsidiaries (collectively with the Company, the “Debtors”) filed voluntary petitions (the “Bankruptcy Petitions”) for reorganization under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). The Bankruptcy Court confirmed the Debtors’ joint plan of reorganization (the “Plan”) on September 9, 2016, and the Debtors’ subsequently emerged from bankruptcy on October 4, 2016 (the “Emergence Date”). Principles of Consolidation. The consolidated financial statements include the accounts of the Company and its wholly owned or majority owned subsidiaries, including its proportionate share of the Royalty Trusts. All significant intercompany accounts and transactions have been eliminated in consolidation. Interim Financial Statements. The unaudited condensed consolidated financial statements as of December 31, 2016 , have been derived from and should be read in conjunction with the audited financial statements and notes contained in the Company’s 2016 Form 10-K. The unaudited condensed consolidated financial statements were also prepared in accordance with the accounting policies stated in the 2016 Form 10-K. Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted, although the Company believes that the disclosures contained herein are adequate to make the information presented not misleading. In the opinion of management, the financial statements include all adjustments, which consist of normal recurring adjustments unless otherwise disclosed, necessary to fairly state the Company’s unaudited condensed consolidated financial statements. Fresh Start Accounting. Upon emergence from bankruptcy, the Company applied fresh start accounting to its financial statements because (i) the holders of existing voting shares of the Company prior to its emergence received less than 50% of the voting shares of the Company outstanding following its emergence from bankruptcy and (ii) the reorganization value of the Company’s assets immediately prior to confirmation of the plan of reorganization was less than the post-petition liabilities and allowed claims. The Company elected to apply fresh start accounting effective October 1, 2016, to coincide with the timing of its normal fourth quarter reporting period, which resulted in SandRidge becoming a new entity for financial reporting purposes. The Company evaluated and concluded that events between October 1, 2016, and October 4, 2016, were immaterial and use of an accounting convenience date of October 1, 2016, was appropriate. As a result of the application of fresh start accounting and the effects of the implementation of the Plan, the financial statements for the period after October 1, 2016, are not comparable with the financial statements prior to that date. References to the “Successor” or the “Successor Company” relate to SandRidge subsequent to October 1, 2016. References to the “Predecessor” or “Predecessor Company” refer to SandRidge on and prior to October 1, 2016. Significant Accounting Policies. For a description of the Company’s significant accounting policies, see Note 3 of the consolidated financial statements included in the 2016 Form 10-K as well as the items noted below. Reclassifications. Certain reclassifications have been made to the prior period financial statements to conform to the current period presentation. These reclassifications have no effect on the Company’s previously reported results of operations. Use of Estimates. The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of assumptions, judgments and estimates include: oil, natural gas and natural gas liquids (“NGL”) reserves; impairment tests of long-lived assets; depreciation, depletion and amortization; income taxes; valuation of derivative instruments; contingencies; and accrued revenue and related receivables. Although management believes these estimates are reasonable, actual results could differ significantly. Recent Accounting Pronouncements. The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” with the objective of reducing the existing diversity in practice of classification on certain cash receipts and payments in the statement of cash flows. The guidance requires adoption by application of a retrospective method to each period presented. The amendments are effective for the Company on January 1, 2018, with early adoption permitted. The Company adopted the ASU on April 1, 2017. The guidance had no impact on the consolidated financial statements and related disclosures. The FASB Issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business,” which provides a new framework for determining whether transactions should be accounted for as acquisitions (or disposals) of assets or as a business. The ASU is effective for the Company on January 1, 2018, and amendments should be applied prospectively on and after January 1, 2018. The Company early adopted this ASU for transactions effective after April 1, 2017. The guidance had no impact to the Company’s consolidated financial statements and related disclosures. The FASB issued ASU 2017-09, “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting,” which provides guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting. The amendments in this ASU are effective for the Company on January 1, 2018, with early adoption permitted in any interim period. The ASU should be applied prospectively to an award modified on or after the adoption date. The Company early adopted this ASU on July 1, 2017. The guidance had no impact on the consolidated financial statements and related disclosures. Recent Accounting Pronouncements Not Yet Adopted. The FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. Its objective is to increase the usefulness of information in the financial statements regarding the nature, timing and uncertainty of revenues. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date," which defers the effective date of ASU 2014-09 to January 1, 2018, for the Company, with early adoption permitted in 2017. The ASU must be adopted using either the retrospective transition method, which requires restating previously reported results or the cumulative effect (modified retrospective) transition method, which utilizes a cumulative-effect adjustment to retained earnings in the period of adoption to account for prior period effects rather than restating previously reported results. The Company plans to adopt the ASU on January 1, 2018, using the modified retrospective transition method. Subsequent to the issuance of ASU 2014-09, the FASB issued various clarifications and interpretive guidance to assist entities with implementation efforts, including guidance pertaining to the presentation of revenues on a gross basis (revenues presented separately from associated expenses) versus a net basis. Under this guidance, an entity generally shall record revenue on a gross basis if it controls a specified good or service before transferring it to a customer, whereas an entity shall record revenue on a net basis if its role is to arrange for another entity to provide the goods or services to a customer. Significant judgment may be required in some circumstances to determine whether gross or net presentation is appropriate. The Company is currently reviewing its contracts with customers and continues to evaluate the effect that the updated standard will have on its consolidated financial statements, accounting policies and related disclosures. The FASB issued ASU 2016-02, “Leases (Topic 842),” which requires companies to recognize assets and liabilities for the rights and obligations created by long-term leases of assets on the balance sheet. Leases to explore for or use minerals, oil and natural gas are not impacted by this guidance. The guidance requires adoption by application of a modified retrospective transition approach for existing long-term leases and is effective for the Company on January 1, 2019. Early adoption is permitted. The Company plans to adopt the ASU on January 1, 2019 and continues to evaluate the effect that the guidance will have on its consolidated financial statements and related disclosures. The FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other than Inventory” which removes the prohibition in Accounting Standards Codification (“ASC”) 740 against the immediate recognition of current and deferred income tax effects of intra-entity transfers of assets other than inventory. The amendments in this ASU are effective for the Company on January 1, 2018, with early adoption permitted on January 1, 2017. The ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company plans to adopt the ASU on January 1, 2018 and continues to evaluate the effect that the guidance will have on its consolidated financial statements.

Recent Transactions

Recent Transactions	9 Months Ended
	Sep. 30, 2017
Extractive Industries [Abstract]
Recent Transactions	Recent Transactions In the third quarter of 2017, the Company entered into a $200.0 million drilling participation agreement with a Counterparty to jointly develop new horizontal wells on a wellbore only basis within certain dedicated sections of its undeveloped leasehold acreage within the Meramec formation in Major and Woodward Counties in Oklahoma (the “NW STACK”). Under this agreement, the Counterparty is paying 90% of the net exploration and development costs, up to $100.0 million in the first tranche, in exchange for an initial 80% net working interest in each new well, subject to certain reversionary hurdles, as shown in the table below. As a result, the Company is receiving a 20% net working interest after funding 10% of the exploration and development costs related to the subject wells. This will allow the Company to spend minimal additional capital while accelerating the delineation of its position in the NW STACK, realizing further efficiencies and holding additional acreage by production, potentially adding reserves. The Company operates all of the wells developed under this agreement and will retain sole discretion as to the number, location and schedule of wells drilled. The Counterparty will also have the option to fund a second $100.0 million tranche, subject to mutual agreement. Development Costs and Working Interest (“WI”) Structure Counterparty SandRidge Development Costs 90% of Costs 10% of Costs Initial Working Interest 80% of WI 20% of WI Reversion If Counterparty Achieves 10% IRR 35% of WI 65% of WI Reversion If Counterparty Achieves 15% IRR 11% of WI 89% of WI

Acquisitions and Divestitures

Acquisitions and Divestitures	9 Months Ended
	Sep. 30, 2017
Acquisitions and Divestitures [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Acquisition of Properties. On February 10, 2017, the Company acquired assets consisting of approximately 13,000 net acres in Woodward County, Oklahoma for approximately $47.7 million in cash, net of post-closing adjustments. Also included in the acquisition were working interests in four wells previously drilled on the acreage. 2017 Property Divestitures. In 2017, the Company has divested various non-core oil and natural gas properties for approximately $16.0 million in cash. All of these divestitures were accounted for as adjustments to the full cost pool with no gain or loss recognized. Divestiture of West Texas Overthrust Properties and Release from Treating Agreement. On January 21, 2016, the Predecessor Company paid $11.0 million in cash and transferred ownership of substantially all of its oil and natural gas properties and midstream assets located in the Piñon field in West Texas Overthrust (the “WTO”) to Occidental Petroleum Corporation (“Occidental”) and was released from all past, current and future claims and obligations under an existing 30 year treating agreement between the companies. The Predecessor Company recognized a loss of approximately $89.1 million

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company measures and reports certain assets and liabilities on a fair value basis and has classified and disclosed its fair value measurements using the levels of the fair value hierarchy noted below. The carrying values of cash, restricted cash, accounts receivable, prepaid expenses, other current assets, accounts payable and accrued expenses and other current liabilities included in the unaudited condensed consolidated balance sheets approximated fair value at September 30, 2017 , and December 31, 2016 . As a result, these financial assets and liabilities are not discussed below. The fair values of property, plant and equipment and related impairments, which are calculated using Level 3 inputs, are discussed in Note 4. Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. Level 3 Measurement based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable for objective sources (i.e., supported by little or no market activity). Assets and liabilities that are measured at fair value are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, which may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. The determination of the fair values, stated below, considers the market for the Company’s financial assets and liabilities, the associated credit risk and other factors. The Company considers active markets as those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis. The Company has assets and liabilities classified in Level 1 and Level 2 of the hierarchy as of September 30, 2017 , and December 31, 2016 , as described below. Level 1 Fair Value Measurements Investments. The fair value of investments, consisting of assets attributable to the Company’s non-qualified deferred compensation plan, is based on quoted market prices. Investments of $4.9 million and $2.8 million are included in other current assets at September 30, 2017 , and December 31, 2016 , respectively, and investments of $4.8 million are included in other assets at December 31, 2016 , in the unaudited condensed consolidated balance sheets. Level 2 Fair Value Measurements Commodity Derivative Contracts. The fair values of the Company’s oil and natural gas fixed price swaps are based upon inputs that are either readily available in the public market, such as oil and natural gas futures prices, volatility factors and discount rates, or can be corroborated from active markets. Fair value is determined through the use of a discounted cash flow model or option pricing model using the applicable inputs discussed above. The Company applies a weighted average credit default risk rating factor for its counterparties or gives effect to its credit default risk rating, as applicable, in determining the fair value of these derivative contracts. Credit default risk ratings are based on current published credit default swap rates. Level 3 Fair Value Measurements Debt Holder Conversion Feature . The Predecessor Company’s 8.125% Convertible Senior Notes due 2022 and 7.5% Convertible Senior Notes due 2023 (collectively, the “Convertible Senior Unsecured Notes”) each contained a conversion option whereby, prior to Chapter 11 filings, the Convertible Senior Unsecured Notes holders had the option to convert the notes into shares of Predecessor Company common stock. These conversion features were identified as embedded derivatives that met the criteria to be bifurcated from their host contracts and accounted for separately from the Convertible Senior Unsecured Notes. The fair values of the holder conversion features were determined using a binomial lattice model based on certain assumptions including (i) the Predecessor Company’s stock price, (ii) risk-free rate, (iii) recovery rate, (iv) hazard rate and (v) expected volatility. The significant unobservable input used in the fair value measurement of the conversion features was the hazard rate, an estimate of default probability. Fair Value - Recurring Measurement Basis The following tables summarize the Company’s assets and liabilities measured at fair value on a recurring basis by the fair value hierarchy (in thousands): September 30, 2017 Fair Value Measurements Netting(1) Assets/Liabilities at Fair Value Level 1 Level 2 Level 3 Assets Commodity derivative contracts $ — $ 9,641 $ — $ (1,023 ) $ 8,618 Investments 4,918 — — — 4,918 $ 4,918 $ 9,641 $ — $ (1,023 ) $ 13,536 Liabilities Commodity derivative contracts $ — $ 1,031 $ — $ (1,023 ) $ 8 $ — $ 1,031 $ — $ (1,023 ) $ 8 December 31, 2016 Fair Value Measurements Netting(1) Assets/Liabilities at Fair Value Level 1 Level 2 Level 3 Assets Investments $ 7,541 $ — $ — $ — $ 7,541 $ 7,541 $ — $ — $ — $ 7,541 Liabilities Commodity derivative contracts $ — $ 29,714 $ — $ — $ 29,714 $ — $ 29,714 $ — $ — $ 29,714 ____________________ (1) Represents the effect of netting assets and liabilities for counterparties with which the right of offset exists. Level 3 - Debt Holder Conversion Feature. The table below sets forth a reconciliation of the Predecessor Company’s Level 3 fair value measurements for debt holder conversion features (in thousands): Nine Months Ended September 30, 2016 Beginning balance $ 29,355 Gain on derivative holder conversion feature (880 ) Conversions (21,194 ) Write off of derivative holder conversion feature to reorganization items (7,281 ) Ending balance $ — Prior to commencement of the Chapter 11 Proceedings, the fair value of the conversion features was determined quarterly with changes in fair value recorded as interest expense. Transfers. The Company recognizes transfers between fair value hierarchy levels as of the end of the reporting period in which the event or change in circumstances causing the transfer occurred. The Company did not have any transfers between Level 1, Level 2 or Level 3 fair value measurements during the three and nine -month periods ended September 30, 2017 , and 2016 . Fair Value of Financial Instruments - Long-Term Debt The Successor Company measured the fair value of its previously outstanding non-interest bearing 0.00% Convertible Senior Subordinated Notes due 2020, (the “Convertible Notes”) using pricing that was readily available in the public market. The Successor Company measures the fair value of its $35.0 million initial principal note, as amended in February 2017, which is secured by first priority mortgages on the Company’s real estate in Oklahoma City, Oklahoma (the “Building Note”) using a discounted cash flow analysis, which is classified as a Level 2 input in the fair value hierarchy. The estimated fair values and carrying values of the Company’s long-term debt are as follows (in thousands): September 30, 2017 December 31, 2016 Fair Value Carrying Value Fair Value Carrying Value Convertible Notes $ — $ — $ 334,800 $ 268,780 Building Note $ 41,638 $ 37,601 $ 40,608 $ 36,528 See Note 6

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consists of the following (in thousands): September 30, December 31, Oil and natural gas properties Proved $ 1,004,370 $ 840,201 Unproved 103,533 74,937 Total oil and natural gas properties 1,107,903 915,138 Less accumulated depreciation, depletion and impairment (432,564 ) (353,030 ) Net oil and natural gas properties capitalized costs 675,339 562,108 Land 5,200 5,100 Electrical infrastructure 131,100 130,242 Other non-oil and natural gas equipment 26,956 35,768 Buildings and structures 88,503 88,603 Total 251,759 259,713 Less accumulated depreciation and amortization (13,339 ) (3,889 ) Other property, plant and equipment, net 238,420 255,824 Total property, plant and equipment, net $ 913,759 $ 817,932 Impairments. The Predecessor Company recorded impairments on its oil and natural gas properties of $298.0 million and $657.4 million during the three and nine -month periods ended September 30, 2016 as a result of its quarterly full cost ceiling analysis. No full cost ceiling impairments have been recorded in the 2017 period. In the first quarter of 2017, the Company classified its remaining drilling and oilfield services assets as held for sale in the other current assets line of the unaudited condensed consolidated balance sheet. The net realizable value of the assets was determined to be $4.4 million based on expected sales prices obtained from a third party. The carrying value of these assets exceeded the net realizable value, resulting in impairments of $0.5 million and $3.5 million for the three and nine -month periods ended September 30, 2017 . The Company disposed of approximately $0.8 million of these assets during the nine-month period ended September 30, 2017, and expects to dispose of the majority of the remaining assets during the fourth quarter of 2017. The Company reviews non-oil and natural gas equipment and buildings and structures for recoverability whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. The Company recognizes an impairment loss if the carrying amount of a long-lived asset is not recoverable and exceeds its fair value. During the third quarter of 2016, the electrical transmission system was reviewed and was determined to not be recoverable due to a decrease in projected Mid-Continent production volumes supporting the system’s usage. Further, the carrying value exceeded its fair value. The Company recorded an impairment of $55.6 million on its electrical transmission system during the three and nine-month periods ended September 30, 2016, and a $1.7 million impairment on compressors and various other midstream services equipment during the nine-month period ended September 30, 2016, due primarily to the determination that their future use was limited. Fair value measurements for the electrical asset impairment discussed above were based on replacement cost. As the fair value was estimated using the cost approach, inputs were based on the cost to a market participant buyer to acquire or construct a substitute asset of comparable utility, adjusted for obsolescence. These inputs were not observable in the market and were classified as Level 3 in the fair value hierarchy. The Company disposed of certain drilling and oilfield services assets previously classified as held for sale during 2016 and recorded losses on the sale of those assets of $0.1 million and $1.7 million for the three and nine-month periods ended September 30, 2016, which are included in other operating (income) expense in the accompanying unaudited condensed consolidated statements of operations. Drilling Carry Commitments. Under the terms of an agreement with Repsol E&P USA, Inc. (“Repsol”), the Predecessor Company had agreed to carry Repsol’s drilling and completion costs totaling up to approximately $31.0 million for wells drilled in an area of mutual interest. Effective June 6, 2016, the Bankruptcy Court issued orders allowing the Company to reject certain long-term contracts, including this drilling carry commitment. Repsol filed a bankruptcy claim for this commitment, which was settled by the Company in the fourth quarter of 2016 for approximately $1.2 million

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Credit Facility. On February 10, 2017, the $425.0 million reserve-based revolving credit facility (the “First Lien Exit Facility”) was refinanced and replaced by a new $600.0 million credit facility (the “Credit Facility”). The borrowing base under the Credit Facility is $425.0 million . This borrowing base was reconfirmed during the October 2017 semi-annual redetermination. The next borrowing base redetermination is scheduled for April 1, 2018. The Credit Facility matures on March 31, 2020. The outstanding borrowings under the Credit Facility bear interest based on a pricing grid tied to borrowing base utilization of (a) LIBOR plus an applicable margin that varies from 3.00% to 4.00% per annum, or (b) the base rate plus an applicable margin that varies from 2.00% to 3.00% per annum. Interest on base rate borrowings is payable quarterly in arrears and interest on LIBOR borrowings is payable every one, two, three or six months, at the election of the Company. Quarterly, the Company pays commitment fees assessed at annual rates of 0.50% on any available portion of the Credit Facility. The Company has the right to prepay loans under the Credit Facility at any time without a prepayment penalty, other than customary “breakage” costs with respect to LIBOR loans. Upon refinancing of the First Lien Exit Facility, $50.0 million maintained in a restricted cash collateral account, as required by the terms of the First Lien Exit Facility, was released to the Company. The Credit Facility is secured by (i) first-priority mortgages on at least 95% of the PV-9 valuation of all proved reserves included in the most recently delivered reserve report of the Company, (ii) a first-priority perfected pledge of substantially all of the capital stock owned by each credit party and equity interests in the Royalty Trusts that are owned by a credit party and (iii) a first-priority perfected security interest in substantially all the cash, cash equivalents, deposits, securities and other similar accounts, and other tangible and intangible assets of the credit parties (including but not limited to as-extracted collateral, accounts receivable, inventory, equipment, general intangibles, investment property, intellectual property, real property and the proceeds of the foregoing). Beginning with the quarter ended June 30, 2017, the Credit Facility requires the Company to maintain (i) a maximum consolidated total net leverage ratio, measured as of the end of any fiscal quarter, of no greater than 3.50 to 1.00 and (ii) a minimum consolidated interest coverage ratio, measured as of the end of any fiscal quarter, of no less than 2.25 to 1.00. These financial covenants are subject to customary cure rights. The Company was in compliance with all applicable financial covenants under the Credit Facility as of September 30, 2017 . The Credit Facility contains customary affirmative and negative covenants, including as to compliance with laws (including environmental laws, ERISA and anti-corruption laws), maintenance of required insurance, delivery of quarterly and annual financial statements, oil and gas engineering reports, maintenance and operation of property (including oil and gas properties), restrictions on the incurrence of liens, indebtedness, asset dispositions, fundamental changes, restricted payments and other customary covenants. The Company was in compliance with these covenants as of September 30, 2017 . The Credit Facility includes events of default relating to customary matters, including, among other things, nonpayment of principal, interest or other amounts; violation of covenants; incorrectness of representations and warranties in any material respect; cross-payment default and cross acceleration with respect to indebtedness in an aggregate principal amount of $25.0 million or more; bankruptcy; judgments involving a liability of $25.0 million or more that are not paid; and ERISA events. Many events of default are subject to customary notice and cure periods. The Company had no amounts outstanding under the Credit Facility at September 30, 2017 , and $7.1 million in outstanding letters of credit, which reduce availability under the Credit Facility on a dollar-for-dollar basis. First Lien Exit Facility. On the Emergence Date, the Company entered into the First Lien Exit Facility with the lenders party thereto and Royal Bank of Canada, as administrative agent and issuing lender. The borrowing base under the First Lien Exit Facility was $425.0 million . The First Lien Exit Facility was set to mature on February 4, 2020. The outstanding borrowings under the First Lien Exit Facility bore interest at a rate equal to, at the option of the Company, either (a) a base rate plus an applicable rate of 3.75% per annum or (b) LIBOR plus 4.75% per annum, subject to a 1.00% LIBOR floor. Interest on base rate borrowings was payable quarterly in arrears and interest on LIBOR borrowings was payable every one, two, three or six months, at the election of the Company. Quarterly, the Company was committed to pay fees assessed at annual rates of 0.50% on any available portion of the First Lien Exit Facility. The Company had the right to prepay loans under the First Lien Exit Facility at any time without a prepayment penalty, other than customary “breakage” costs with respect to LIBOR loans. The First Lien Exit Facility contained certain financial covenants and customary affirmative and negative covenants. The Company was in compliance with all applicable covenants through the date it was refinanced. Convertible Notes. On the Emergence Date, pursuant to the terms of the Plan, the Company issued approximately $281.8 million principal amount of Convertible Notes, which did not bear regular interest and were set to mature and mandatorily convert into shares of common stock in the Successor Company (the “Common Stock”) on October 4, 2020, unless repurchased, redeemed or converted prior to that date. The Convertible Notes were recorded at their fair value of $445.7 million upon implementation of fresh start accounting. The resulting premium of $163.9 million was deemed significant to the principal amount of the Convertible Notes, and as such, was recorded in additional paid in capital in the condensed consolidated balance sheet at December 31, 2016. The Company’s obligations pursuant to the Convertible Notes were fully and unconditionally guaranteed, jointly and severally, by each of the guarantors of the First Lien Exit Facility. The Convertible Notes were initially convertible at a rate of 0.05330841 shares of Common Stock per $1.00 principal amount of Convertible Notes, which represented in the aggregate, approximately 15.0 million shares of common stock. The conversion rate for the Convertible Notes was subject to customary anti-dilution adjustments. The Convertible Notes were convertible at the option of the holders at any time up to, and including, the business day immediately preceding the maturity date. Between the Emergence Date and December 31, 2016, approximately $13.0 million in aggregate principal amount of the Convertible Notes was converted into approximately 0.7 million shares of Common Stock following delivery of voluntary conversion notices by the holders of those Convertible Notes. Additionally, during the period from January 1, 2017 to February 9, 2017, approximately $5.1 million in aggregate principal amount of the Convertible Notes was converted into approximately 0.3 million shares of Common Stock following delivery of voluntary conversion notices by the holders of those Convertible Notes. The remaining $263.7 million par value of outstanding Convertible Notes mandatorily converted into 14.1 million shares of Common Stock upon the refinancing of the First Lien Exit Facility on February 10, 2017, after the determination by the Successor Company’s board of directors in good faith that: (a) the refinancing provided for terms that were materially more favorable to the Company and (b) causing a conversion was not the primary purpose of the refinancing. Building Note. On the Emergence Date, the Company entered into the Building Note, which had an initial principal amount of $35.0 million . The Building Note was recorded at a fair value of $36.6 million upon implementation of fresh start accounting. The resulting premium is being amortized to interest expense over the term of the Building Note. Interest is payable on the Building Note at 6% per annum for the first year following the Emergence Date, 8% per annum for the second year following the Emergence Date, and 10% thereafter through maturity. Interest costs were paid in kind and added to the Building Note principal from the Emergence Date through May 11, 2017, which was 90 days after the refinancing of the First Lien Exit Facility. Interest became payable thereafter in cash. The Building Note matures on October 2, 2021 and became prepayable in whole or in part without premium or penalty upon the refinancing of the First Lien Exit Facility. Net proceeds of $26.8 million

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives Commodity Derivatives The Company is exposed to commodity price risk, which impacts the predictability of its cash flows from the sale of oil and natural gas. The Company seeks to manage this risk through the use of commodity derivative contracts, which allow the Company to limit its exposure to commodity price volatility on a portion of its forecasted oil and natural gas sales. The Company has not designated any of its derivative contracts as hedges for accounting purposes and records all derivative contracts at fair value with changes in derivative contract fair values recognized in loss (gain) on derivative contracts in the unaudited condensed consolidated statements of operations. None of the Company’s commodity derivative contracts may be terminated prior to contractual maturity solely as a result of a downgrade in the credit rating of a party to the contract. Commodity derivative contracts are settled on a monthly basis. On a quarterly basis, the commodity derivative contract valuations are adjusted to the mark-to-market valuation. At September 30, 2017 , the Company’s commodity derivative contracts consisted of fixed price swaps under which the Company receives a fixed price for the contract and pays a floating market price to the counterparty over a specified period for a contracted volume. The Company recorded loss (gain) on commodity derivative contracts of $11.7 million and $(0.3) million for the three-month periods ended September 30, 2017 , and 2016 , respectively, which include net cash receipts upon settlement of $5.0 million and $14.6 million , respectively. The Company recorded (gain) loss on commodity derivative contracts of $(46.0) million and $4.8 million for the nine -month periods ended September 30, 2017 , and 2016 , respectively, which include net cash receipts upon settlement of $7.7 million and $72.6 million , respectively. Included in the net cash receipts for the nine-month period ended September 30, 2016 , is $17.9 million of cash receipts related to certain commodity derivative contracts settled prior to their contractual maturities (“early settlements”). Master Netting Agreements and the Right of Offset. The Company has master netting agreements with all of its commodity derivative counterparties and has presented its derivative assets and liabilities with the same counterparty on a net basis in the consolidated balance sheets. As a result of the netting provisions, the Company's maximum amount of loss under commodity derivative transactions due to credit risk is limited to the net amounts due from its counterparties. As of September 30, 2017 , the counterparties to the Company’s open commodity derivative contracts consisted of seven financial institutions, all of which are also lenders under the Company’s Credit Facility. The Company is not required to post additional collateral under its commodity derivative contracts as all of the counterparties to the Company’s commodity derivative contracts share in the collateral supporting the Company’s Credit Facility. The following tables summarize (i) the Company's commodity derivative contracts on a gross basis, (ii) the effects of netting assets and liabilities for which the right of offset exists based on master netting arrangements and (iii) for the Company’s net derivative liability positions, the applicable portion of shared collateral under the Credit Facility as of September 30, 2017 , and the First Lien Exit Facility as of December 31, 2016 (in thousands): September 30, 2017 Gross Amounts Gross Amounts Offset Amounts Net of Offset Financial Collateral Net Amount Assets Derivative contracts - current $ 7,632 $ (1,024 ) $ 6,608 $ — $ 6,608 Derivative contracts - noncurrent 2,009 1 2,010 — 2,010 Total $ 9,641 $ (1,023 ) $ 8,618 $ — $ 8,618 Liabilities Derivative contracts - current $ 1,031 $ (1,023 ) $ 8 $ (8 ) $ — Total $ 1,031 $ (1,023 ) $ 8 $ (8 ) $ — December 31, 2016 Gross Amounts Gross Amounts Offset Amounts Net of Offset Financial Collateral Net Amount Liabilities Derivative contracts - current $ 27,538 $ — $ 27,538 $ (27,538 ) $ — Derivative contracts - noncurrent 2,176 — 2,176 (2,176 ) — Total $ 29,714 $ — $ 29,714 $ (29,714 ) $ — At September 30, 2017 , the Company’s open commodity derivative contracts consisted of the following: Oil Price Swaps Notional (MBbls) Weighted Average Fixed Price October 2017 - December 2017 828 $ 52.24 January 2018 - December 2018 2,006 $ 54.87 Natural Gas Price Swaps Notional (MMcf) Weighted Average Fixed Price October 2017 - December 2017 8,280 $ 3.20 January 2018 - December 2018 17,300 $ 3.16 Fair Value of Derivatives The following table presents the fair value of the Company’s derivative contracts as of September 30, 2017 , and December 31, 2016 , on a gross basis without regard to same-counterparty netting (in thousands): Type of Contract Balance Sheet Classification September 30, December 31, Derivative assets Oil price swaps Derivative contracts-current $ 5,417 $ — Natural gas price swaps Derivative contracts-current 2,214 — Oil price swaps Derivative contracts-noncurrent 1,739 — Natural gas price swaps Derivative contracts-noncurrent 271 — Derivative liabilities Oil price swaps Derivative contracts-current (1,031 ) (13,395 ) Natural gas price swaps Derivative contracts-current — (14,143 ) Oil price swaps Derivative contracts-noncurrent — (2,105 ) Natural gas price swaps Derivative contracts-noncurrent — (71 ) Total net derivative contracts $ 8,610 $ (29,714 ) See Note 4

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings. On October 14, 2016, Lisa West and Stormy Hopson filed an amended class action complaint in the United States District Court for the Western District of Oklahoma against SandRidge Exploration and Production, LLC, among other defendants. In their amended complaint, plaintiffs asserted various tort claims seeking relief for damages, including the reimbursement of past and future earthquake insurance premiums, resulting from seismic activity allegedly caused by the defendants’ operation of wastewater disposal wells. The court dismissed the plaintiffs’ amended complaint on May 12, 2017, but permitted the plaintiffs to file a second amended complaint. On July 18, 2017, the plaintiffs filed a second amended class action complaint making allegations substantially similar to those contained in the amended complaint that was previously dismissed. An estimate of reasonably possible losses associated with this action can not be made at this time. The Company has not established any reserves relating to this action. In addition to the matter described above, the Company is involved in various lawsuits, claims and proceedings which are being handled and defended by the Company in the ordinary course of business. Restricted Cash . Restricted cash - other included on the unaudited condensed consolidated balance sheets at September 30, 2017 , and December 31, 2016 is the cash portion of consideration set aside for future settlement of general unsecured claims related to the Chapter 11 proceedings in accordance with the Plan. The corresponding liability for future cash settlements of general unsecured claims is included in accounts payable and accrued expenses on the unaudited condensed consolidated balance sheets. Risks and Uncertainties. The Company’s revenue, profitability and future growth are substantially dependent upon the prevailing and future prices for oil and natural gas, which depend on numerous factors beyond the Company’s control such as overall oil and natural gas production and inventories in relevant markets, economic conditions, the global political environment, regulatory developments and competition from other energy sources. Oil and natural gas prices historically have been volatile, and may be subject to significant fluctuations in the future. The Company enters into commodity derivative arrangements in order to mitigate a portion of the effect of this price volatility on the Company’s cash flows. See Note 7 for the Company’s open oil and natural gas derivative contracts.

Equity

Equity	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Equity	Equity Common Stock. On the Emergence Date, the previously issued Predecessor Company common stock was canceled and an aggregate of approximately 18.9 million shares of Common Stock, par value $0.001 per share, was issued to the holders of allowed claims, as defined in the Plan. Approximately 0.4 million shares of Common Stock were reserved for future distributions under the Plan and approximately 0.1 million of the reserved shares were issued during the three-month period ended September 30, 2017 . Additionally, from the Emergence Date through February 9, 2017, voluntary conversions of Convertible Notes resulted in the issuance of approximately 1.0 million shares of Common Stock. The remaining balance of Convertible Notes converted to 14.1 million shares of Common Stock upon refinancing the First Lien Exit Facility. See Note 6 for further discussion of the Convertible Notes. Warrants. On the Emergence Date, the Company issued approximately 4.9 million Series A Warrants, 4.5 million of which were issued immediately upon emergence, and 2.1 million Series B Warrants, 1.9 million of which were issued immediately upon emergence (the “Warrants”). The Warrants were initially exercisable for one share of Common Stock per Warrant at initial exercise prices of $41.34 and $42.03 per share, respectively, subject to adjustments pursuant to the terms of the Warrants, to certain holders of general unsecured claims as defined in the Plan. Approximately 0.1 million Series A Warrants and an insignificant amount of Series B Warrants were issued under the Plan during the three-month period ended September 30, 2017 . The Warrants are exercisable from the Emergence Date until October 4, 2022, and contain customary anti-dilution adjustments in the event of any stock split, reverse stock split, reclassification, stock dividend or other distributions. Predecessor Company Preferred Stock Dividends. In the first quarter of 2016, prior to the February semi-annual dividend payment date, the Predecessor Company announced the suspension of the semi-annual dividend on its 8.5% convertible perpetual preferred stock. At September 30, 2016 , the Company had dividends in arrears of $11.3 million and $21.0 million on its 8.5% and 7.0% convertible perpetual preferred stock, respectively. The Predecessor Company ceased accruing dividends on its 8.5% and 7.0% convertible perpetual preferred stock as of May 16, 2016, in conjunction with the Chapter 11 petition filings. Paid and unpaid dividends included in the calculation of loss applicable to the Predecessor Company’s common stockholders and the Predecessor Company’s basic loss per share calculation for the nine -month period ended September 30, 2016 are presented in the unaudited condensed consolidated statement of operations. All outstanding shares of the Predecessor Company's 8.5% and 7.0% convertible perpetual preferred stock were canceled upon Emergence from Chapter 11. See Note 11

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For each interim reporting period, the Company estimates the effective tax rate expected for the full fiscal year and uses that estimated rate in providing for income taxes on a current year-to-date basis. The provision for income taxes consisted of the following components (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Successor Predecessor Successor Predecessor 2017 2016 2017 2016 Current Federal $ (8,460 ) $ — $ (8,460 ) $ — State 3 4 (36 ) 11 Total provision $ (8,457 ) $ 4 $ (8,496 ) $ 11 Deferred income taxes are provided to reflect the future tax consequences of temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The Company’s deferred tax assets have been reduced by a valuation allowance due to a determination that it is more likely than not that some or all of the deferred assets will not be realized based on the weight of all available evidence. The Company continues to closely monitor and weigh all available evidence, including both positive and negative, in making its determination whether to maintain a valuation allowance. During the three-month period ended September 30, 2017, the Company reduced the valuation allowance associated with deferred tax assets related to alternative minimum tax (AMT) credits that became realizable as a result of a special tax election. Accordingly, the Company recorded an income tax benefit of $8.5 million in the three-month period ended September 30, 2017. As a result of the significant weight placed on the Company's cumulative negative earnings position, the Company continued to maintain a full valuation allowance against its remaining net deferred tax asset at September 30, 2017 . Internal Revenue Code (“IRC”) Section 382 addresses company ownership changes and specifically limits the utilization of certain deductions and other tax attributes on an annual basis following an ownership change. As a result of the Chapter 11 reorganization and related transactions, the Company experienced an ownership change within the meaning of IRC Section 382 on October 4, 2016. The Company analyzed alternatives available within the IRC to taxpayers in Chapter 11 bankruptcy proceedings in order to minimize the impact of the October 4, 2016 ownership change on its tax attributes. Previously, the Company planned to elect an available alternative upon filing its 2016 U.S. Federal income tax return that would not subject existing tax attributes to an immediate IRC Section 382 limitation but would have resulted in a full limitation should a subsequent ownership change occur within two years of the emergent date ownership change. Alternatively, upon filing its 2016 U.S. Federal income tax return, the Company elected a method that did subject tax attributes including net operating losses (“NOLs”) existing at October 4, 2016, to an annual limitation but provided more certainty with respect to the future availability of the Company’s existing NOLs. This limitation is expected to result in a significant portion of our NOL carryforwards expiring unused. As such, the Company’s deferred tax asset associated with NOLs and corresponding valuation allowance are expected to be materially less at December 31, 2017, compared to December 31, 2016. The election and resulting limitation did not result in an income tax expense as the Company’s net deferred tax asset had previously been reduced by a valuation allowance. Additionally, the limitation did not result in a tax liability for the tax year ended December 31, 2016 and is not expected to result in a tax liability for the tax year ending December 31, 2017. The Company’s only taxing jurisdiction is the United States (federal and state). The Company’s tax years 2014 to present remain open for federal examination. Additionally, tax years 2005 through 2013 remain subject to examination for the purpose of determining the amount of remaining federal NOL and other carryforwards. The number of years open for state tax audits varies, depending on the state, but are generally from three to five

(Loss) Earnings per Share

(Loss) Earnings per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
(Loss) Earnings per Share	(Loss) Earnings per Share As discussed in Note 9 , on the Emergence Date, the Predecessor Company’s then-authorized common stock was canceled and the new Common Stock and Warrants were issued. The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted (loss) earnings per share: Net (Loss) Income Weighted Average Shares (Loss) Earnings Per Share (In thousands, except per share amounts) Three Months Ended September 30, 2017 (Successor) Basic loss per share $ (8,485 ) 34,290 $ (0.25 ) Effect of dilutive securities Restricted stock awards(1) — — Performance share units(1) — — Diluted loss per share $ (8,485 ) 34,290 $ (0.25 ) Three Months Ended September 30, 2016 (Predecessor) Basic loss per share $ (404,337 ) 718,373 $ (0.56 ) Effect of dilutive securities Restricted stock and units(2) — — Diluted loss per share $ (404,337 ) 718,373 $ (0.56 ) Nine Months Ended September 30, 2017 (Successor) Basic earnings per share $ 65,822 31,750 $ 2.07 Effect of dilutive securities Restricted stock awards — 234 Performance share units(3) — — Diluted earnings per share $ 65,822 31,984 $ 2.06 Nine Months Ended September 30, 2016 (Predecessor) Basic loss per share $ (1,249,795 ) 708,788 $ (1.76 ) Effect of dilutive securities Restricted stock and units(2) — — Diluted loss per share $ (1,249,795 ) 708,788 $ (1.76 ) ____________________ (1) Restricted stock awards covering 0.1 million shares and performance share units covering an insignificant amount of shares for the three-month period ended September 30, 2017 , were excluded from the computation of loss per share because their effect would have been antidilutive. See Note 12 for discussion of the Company’s share and incentive-based compensation awards. (2) No incremental shares of potentially dilutive restricted stock awards or units were included for the three and nine -month periods ended September 30, 2016 , as their effect was antidilutive under the treasury stock method. See Note 12 for discussion of the Company’s share and incentive-based compensation awards. (3) No incremental shares of potentially dilutive performance share units were included for the nine-month period ended September 30, 2017 , as their effect was antidilutive under the treasury stock method. See Note 12

Share and Incentive-Based Compe

Share and Incentive-Based Compensation	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share and Incentive-Based Compensation	Share and Incentive-Based Compensation Successor Share-Based Compensation Omnibus Incentive Plan. Upon the Company’s emergence from bankruptcy, the Predecessor's share-based compensation awards were canceled and pursuant to terms of the Plan, the SandRidge Energy, Inc. 2016 Omnibus Incentive Plan (the “Omnibus Incentive Plan”) became effective. Persons eligible to receive awards under the Omnibus Incentive Plan include non-employee directors of the Company, employees of the Company or any of its affiliates, and certain consultants and advisors to the Company or any of its affiliates. The types of awards that may be granted under the Omnibus Incentive Plan include stock options, restricted stock, performance awards and other forms of awards granted or denominated in shares of Common Stock, as well as certain cash-based awards. At September 30, 2017 , the Company had restricted stock awards, performance share units and performance units outstanding under the Omnibus Incentive Plan. Restricted Stock Awards. The Successor Company’s restricted stock awards are valued based upon the market value of the Company’s Common Stock on the date of grant. During October 2016, awards for approximately 1.4 million shares of restricted stock were granted under the Omnibus Incentive Plan. These restricted shares will vest over a three-year period. In 2017, awards for approximately 0.6 million shares were granted, which will vest over a period of approximately 2.5 years. The Successor Company recognized total share-based compensation expense related to its restricted stock awards of $3.1 million and $13.5 million , of which $0.5 million and $1.8 million were capitalized, for the three and nine -month periods ended September 30, 2017 , respectively. Share-based compensation expense for the nine -month period ended September 30, 2017 , includes $1.8 million for the accelerated vesting of 0.1 million restricted common stock awards. The following table presents a summary of the Successor Company’s unvested restricted stock awards. Number of Shares Weighted Average Grant Date Fair Value (In thousands) Unvested restricted shares outstanding at December 31, 2016 1,407 $ 24.32 Granted 640 $ 20.04 Vested (464 ) $ 22.41 Forfeited / Canceled (96 ) $ 23.52 Unvested restricted shares outstanding at September 30, 2017 1,487 $ 23.13 As of September 30, 2017 , the Successor Company’s unrecognized compensation cost related to unvested restricted stock awards was $25.0 million . The remaining weighted-average contractual period over which this compensation cost may be recognized is 2.0 years . The Successor Company’s restricted stock awards are equity-classified awards. Performance Share Units. In February 2017, the Company granted performance share units which vest upon completion of the performance period, which is January 1, 2017 through June 30, 2019. The performance share units will be settled in Common Stock, up to a maximum of approximately 0.4 million shares of Common Stock, provided the required performance measures are met. The shares are valued based on one share of the Company Common Stock per performance share unit as awarded based on the Company’s performance relative to certain performance and market conditions. The Company’s performance share units are equity-classified awards. The Successor Company recognized total share-based compensation expense related to its performance share units of $0.4 million and $1.0 million , of which $0.1 million and $0.2 million were capitalized, for the three and nine -month periods ended September 30, 2017 , respectively. Successor Incentive-Based Compensation Performance Units. In October 2016, the Company granted performance units which will vest over a three-year period and will be settled in cash, provided the required performance measures are met. The performance units were issued at a value of $100 each and the value at vesting will be determined by annual scorecard results. The Company’s performance units are liability-classified awards. The Successor Company recognized total incentive-based compensation expense related to its performance units of $0.5 million and $2.1 million , of which $0.1 million and $0.3 million were capitalized, for the three and nine -month periods ended September 30, 2017 , respectively. At September 30, 2017 , the liability related to performance units was $2.5 million . Predecessor Share-Based Compensation Restricted Common Stock Awards. Prior to the cancellation of the Predecessor Company’s share-based compensation awards on the Emergence Date, the then-existing restricted common stock awards generally vested over a four-year period, subject to certain conditions, and were valued based upon the market value of the Company’s common stock on the date of grant. For the three and nine -month periods ended September 30, 2016 , the Company recognized total share-based compensation expense related to its restricted stock awards of $1.8 million and $11.2 million , of which $0.5 million and $1.7 million were capitalized, respectively. Share-based compensation expense for the nine -month period ended September 30, 2016 , included $5.4 million for the accelerated vesting of 1.3 million restricted common stock awards related to the Predecessor Company’s reduction in workforce during the first quarter of 2016. There was no significant activity related to the Predecessor Company’s then-outstanding restricted stock units, performance units and performance share units during the three and nine -month periods ended September 30, 2016 . The following table presents a summary of the Predecessor Company’s unvested restricted stock awards. Number of Shares Weighted-Average Grant Date Fair Value (In thousands) Unvested restricted shares outstanding at December 31, 2015 5,626 $ 4.85 Granted — $ — Vested (3,034 ) $ 5.34 Forfeited / Canceled (158 ) $ 6.25 Unvested restricted shares outstanding at September 30, 2016 2,434 $ 4.15

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business. SandRidge Energy, Inc. is an oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma with its principal focus on developing high-return, growth-oriented projects in the U.S. Mid-Continent and North Park Basin of Colorado.
Principles of Consolidation	Principles of Consolidation. The consolidated financial statements include the accounts of the Company and its wholly owned or majority owned subsidiaries, including its proportionate share of the Royalty Trusts. All significant intercompany accounts and transactions have been eliminated in consolidation.
Interim Financial Statements	Interim Financial Statements. The unaudited condensed consolidated financial statements as of December 31, 2016 , have been derived from and should be read in conjunction with the audited financial statements and notes contained in the Company’s 2016 Form 10-K. The unaudited condensed consolidated financial statements were also prepared in accordance with the accounting policies stated in the 2016 Form 10-K. Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted, although the Company believes that the disclosures contained herein are adequate to make the information presented not misleading. In the opinion of management, the financial statements include all adjustments, which consist of normal recurring adjustments unless otherwise disclosed, necessary to fairly state the Company’s unaudited condensed consolidated financial statements.
Fresh Start Accounting	Fresh Start Accounting. Upon emergence from bankruptcy, the Company applied fresh start accounting to its financial statements because (i) the holders of existing voting shares of the Company prior to its emergence received less than 50% of the voting shares of the Company outstanding following its emergence from bankruptcy and (ii) the reorganization value of the Company’s assets immediately prior to confirmation of the plan of reorganization was less than the post-petition liabilities and allowed claims.
Significant Accounting Policies	Significant Accounting Policies. For a description of the Company’s significant accounting policies, see Note 3 of the consolidated financial statements included in the 2016
Reclassifications	Reclassifications. Certain reclassifications have been made to the prior period financial statements to conform to the current period presentation. These reclassifications have no effect on the Company’s previously reported results of operations.
Use of Estimates	Use of Estimates. The preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
Recent Accounting Pronouncements	Recent Accounting Pronouncements. The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” with the objective of reducing the existing diversity in practice of classification on certain cash receipts and payments in the statement of cash flows. The guidance requires adoption by application of a retrospective method to each period presented. The amendments are effective for the Company on January 1, 2018, with early adoption permitted. The Company adopted the ASU on April 1, 2017. The guidance had no impact on the consolidated financial statements and related disclosures. The FASB Issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business,” which provides a new framework for determining whether transactions should be accounted for as acquisitions (or disposals) of assets or as a business. The ASU is effective for the Company on January 1, 2018, and amendments should be applied prospectively on and after January 1, 2018. The Company early adopted this ASU for transactions effective after April 1, 2017. The guidance had no impact to the Company’s consolidated financial statements and related disclosures. The FASB issued ASU 2017-09, “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting,” which provides guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting. The amendments in this ASU are effective for the Company on January 1, 2018, with early adoption permitted in any interim period. The ASU should be applied prospectively to an award modified on or after the adoption date. The Company early adopted this ASU on July 1, 2017. The guidance had no impact on the consolidated financial statements and related disclosures. Recent Accounting Pronouncements Not Yet Adopted. The FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. Its objective is to increase the usefulness of information in the financial statements regarding the nature, timing and uncertainty of revenues. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date," which defers the effective date of ASU 2014-09 to January 1, 2018, for the Company, with early adoption permitted in 2017. The ASU must be adopted using either the retrospective transition method, which requires restating previously reported results or the cumulative effect (modified retrospective) transition method, which utilizes a cumulative-effect adjustment to retained earnings in the period of adoption to account for prior period effects rather than restating previously reported results. The Company plans to adopt the ASU on January 1, 2018, using the modified retrospective transition method. Subsequent to the issuance of ASU 2014-09, the FASB issued various clarifications and interpretive guidance to assist entities with implementation efforts, including guidance pertaining to the presentation of revenues on a gross basis (revenues presented separately from associated expenses) versus a net basis. Under this guidance, an entity generally shall record revenue on a gross basis if it controls a specified good or service before transferring it to a customer, whereas an entity shall record revenue on a net basis if its role is to arrange for another entity to provide the goods or services to a customer. Significant judgment may be required in some circumstances to determine whether gross or net presentation is appropriate. The Company is currently reviewing its contracts with customers and continues to evaluate the effect that the updated standard will have on its consolidated financial statements, accounting policies and related disclosures. The FASB issued ASU 2016-02, “Leases (Topic 842),” which requires companies to recognize assets and liabilities for the rights and obligations created by long-term leases of assets on the balance sheet. Leases to explore for or use minerals, oil and natural gas are not impacted by this guidance. The guidance requires adoption by application of a modified retrospective transition approach for existing long-term leases and is effective for the Company on January 1, 2019. Early adoption is permitted. The Company plans to adopt the ASU on January 1, 2019 and continues to evaluate the effect that the guidance will have on its consolidated financial statements and related disclosures. The FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other than Inventory” which removes the prohibition in Accounting Standards Codification (“ASC”) 740 against the immediate recognition of current and deferred income tax effects of intra-entity transfers of assets other than inventory. The amendments in this ASU are effective for the Company on January 1, 2018, with early adoption permitted on January 1, 2017. The ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company plans to adopt the ASU on January 1, 2018 and continues to evaluate the effect that the guidance will have on its consolidated financial statements.
Fair Value Transfer	Transfers. The Company recognizes transfers between fair value hierarchy levels as of the end of the reporting period in which the event or change in circumstances causing the transfer occurred.

Recent Transactions (Tables)

Recent Transactions (Tables)	9 Months Ended
	Sep. 30, 2017
Extractive Industries [Abstract]
Schedule of Development Costs and Working Interest Structure	Development Costs and Working Interest (“WI”) Structure Counterparty SandRidge Development Costs 90% of Costs 10% of Costs Initial Working Interest 80% of WI 20% of WI Reversion If Counterparty Achieves 10% IRR 35% of WI 65% of WI Reversion If Counterparty Achieves 15% IRR 11% of WI 89% of WI

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured on Recurring Basis	The following tables summarize the Company’s assets and liabilities measured at fair value on a recurring basis by the fair value hierarchy (in thousands): September 30, 2017 Fair Value Measurements Netting(1) Assets/Liabilities at Fair Value Level 1 Level 2 Level 3 Assets Commodity derivative contracts $ — $ 9,641 $ — $ (1,023 ) $ 8,618 Investments 4,918 — — — 4,918 $ 4,918 $ 9,641 $ — $ (1,023 ) $ 13,536 Liabilities Commodity derivative contracts $ — $ 1,031 $ — $ (1,023 ) $ 8 $ — $ 1,031 $ — $ (1,023 ) $ 8 December 31, 2016 Fair Value Measurements Netting(1) Assets/Liabilities at Fair Value Level 1 Level 2 Level 3 Assets Investments $ 7,541 $ — $ — $ — $ 7,541 $ 7,541 $ — $ — $ — $ 7,541 Liabilities Commodity derivative contracts $ — $ 29,714 $ — $ — $ 29,714 $ — $ 29,714 $ — $ — $ 29,714 ____________________ (1)
Fair Value, Reconciliation of Level 3 Fair Value Measurements - Liabilities	The table below sets forth a reconciliation of the Predecessor Company’s Level 3 fair value measurements for debt holder conversion features (in thousands): Nine Months Ended September 30, 2016 Beginning balance $ 29,355 Gain on derivative holder conversion feature (880 ) Conversions (21,194 ) Write off of derivative holder conversion feature to reorganization items (7,281 ) Ending balance $ —
Long-Term Debt Carrying Amount and Fair Value Table	The estimated fair values and carrying values of the Company’s long-term debt are as follows (in thousands): September 30, 2017 December 31, 2016 Fair Value Carrying Value Fair Value Carrying Value Convertible Notes $ — $ — $ 334,800 $ 268,780 Building Note $ 41,638 $ 37,601 $ 40,608 $ 36,528

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment consists of the following (in thousands): September 30, December 31, Oil and natural gas properties Proved $ 1,004,370 $ 840,201 Unproved 103,533 74,937 Total oil and natural gas properties 1,107,903 915,138 Less accumulated depreciation, depletion and impairment (432,564 ) (353,030 ) Net oil and natural gas properties capitalized costs 675,339 562,108 Land 5,200 5,100 Electrical infrastructure 131,100 130,242 Other non-oil and natural gas equipment 26,956 35,768 Buildings and structures 88,503 88,603 Total 251,759 259,713 Less accumulated depreciation and amortization (13,339 ) (3,889 ) Other property, plant and equipment, net 238,420 255,824 Total property, plant and equipment, net $ 913,759 $ 817,932

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Offsetting Assets and Liabilities	The following tables summarize (i) the Company's commodity derivative contracts on a gross basis, (ii) the effects of netting assets and liabilities for which the right of offset exists based on master netting arrangements and (iii) for the Company’s net derivative liability positions, the applicable portion of shared collateral under the Credit Facility as of September 30, 2017 , and the First Lien Exit Facility as of December 31, 2016 (in thousands): September 30, 2017 Gross Amounts Gross Amounts Offset Amounts Net of Offset Financial Collateral Net Amount Assets Derivative contracts - current $ 7,632 $ (1,024 ) $ 6,608 $ — $ 6,608 Derivative contracts - noncurrent 2,009 1 2,010 — 2,010 Total $ 9,641 $ (1,023 ) $ 8,618 $ — $ 8,618 Liabilities Derivative contracts - current $ 1,031 $ (1,023 ) $ 8 $ (8 ) $ — Total $ 1,031 $ (1,023 ) $ 8 $ (8 ) $ — December 31, 2016 Gross Amounts Gross Amounts Offset Amounts Net of Offset Financial Collateral Net Amount Liabilities Derivative contracts - current $ 27,538 $ — $ 27,538 $ (27,538 ) $ — Derivative contracts - noncurrent 2,176 — 2,176 (2,176 ) — Total $ 29,714 $ — $ 29,714 $ (29,714 ) $ —
Open Oil and Natural Gas Commodity Derivative Contracts	At September 30, 2017 , the Company’s open commodity derivative contracts consisted of the following: Oil Price Swaps Notional (MBbls) Weighted Average Fixed Price October 2017 - December 2017 828 $ 52.24 January 2018 - December 2018 2,006 $ 54.87 Natural Gas Price Swaps Notional (MMcf) Weighted Average Fixed Price October 2017 - December 2017 8,280 $ 3.20 January 2018 - December 2018 17,300 $ 3.16
Fair Value of Derivatives	The following table presents the fair value of the Company’s derivative contracts as of September 30, 2017 , and December 31, 2016 , on a gross basis without regard to same-counterparty netting (in thousands): Type of Contract Balance Sheet Classification September 30, December 31, Derivative assets Oil price swaps Derivative contracts-current $ 5,417 $ — Natural gas price swaps Derivative contracts-current 2,214 — Oil price swaps Derivative contracts-noncurrent 1,739 — Natural gas price swaps Derivative contracts-noncurrent 271 — Derivative liabilities Oil price swaps Derivative contracts-current (1,031 ) (13,395 ) Natural gas price swaps Derivative contracts-current — (14,143 ) Oil price swaps Derivative contracts-noncurrent — (2,105 ) Natural gas price swaps Derivative contracts-noncurrent — (71 ) Total net derivative contracts $ 8,610 $ (29,714 )

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Provision for Income Taxes	The provision for income taxes consisted of the following components (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Successor Predecessor Successor Predecessor 2017 2016 2017 2016 Current Federal $ (8,460 ) $ — $ (8,460 ) $ — State 3 4 (36 ) 11 Total provision $ (8,457 ) $ 4 $ (8,496 ) $ 11

(Loss) Earnings per Share (Tabl

(Loss) Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Calculation of Weighted Average Common Shares Outstanding Used in Computation of Diluted (Loss) Earnings Per Share	The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted (loss) earnings per share: Net (Loss) Income Weighted Average Shares (Loss) Earnings Per Share (In thousands, except per share amounts) Three Months Ended September 30, 2017 (Successor) Basic loss per share $ (8,485 ) 34,290 $ (0.25 ) Effect of dilutive securities Restricted stock awards(1) — — Performance share units(1) — — Diluted loss per share $ (8,485 ) 34,290 $ (0.25 ) Three Months Ended September 30, 2016 (Predecessor) Basic loss per share $ (404,337 ) 718,373 $ (0.56 ) Effect of dilutive securities Restricted stock and units(2) — — Diluted loss per share $ (404,337 ) 718,373 $ (0.56 ) Nine Months Ended September 30, 2017 (Successor) Basic earnings per share $ 65,822 31,750 $ 2.07 Effect of dilutive securities Restricted stock awards — 234 Performance share units(3) — — Diluted earnings per share $ 65,822 31,984 $ 2.06 Nine Months Ended September 30, 2016 (Predecessor) Basic loss per share $ (1,249,795 ) 708,788 $ (1.76 ) Effect of dilutive securities Restricted stock and units(2) — — Diluted loss per share $ (1,249,795 ) 708,788 $ (1.76 ) ____________________ (1) Restricted stock awards covering 0.1 million shares and performance share units covering an insignificant amount of shares for the three-month period ended September 30, 2017 , were excluded from the computation of loss per share because their effect would have been antidilutive. See Note 12 for discussion of the Company’s share and incentive-based compensation awards. (2) No incremental shares of potentially dilutive restricted stock awards or units were included for the three and nine -month periods ended September 30, 2016 , as their effect was antidilutive under the treasury stock method. See Note 12 for discussion of the Company’s share and incentive-based compensation awards. (3) No incremental shares of potentially dilutive performance share units were included for the nine-month period ended September 30, 2017 , as their effect was antidilutive under the treasury stock method. See Note 12

Share and Incentive-Based Com26

Share and Incentive-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Unvested Restricted Stock Awards	he following table presents a summary of the Successor Company’s unvested restricted stock awards. Number of Shares Weighted Average Grant Date Fair Value (In thousands) Unvested restricted shares outstanding at December 31, 2016 1,407 $ 24.32 Granted 640 $ 20.04 Vested (464 ) $ 22.41 Forfeited / Canceled (96 ) $ 23.52 Unvested restricted shares outstanding at September 30, 2017 1,487 $ 23.13 Number of Shares Weighted-Average Grant Date Fair Value (In thousands) Unvested restricted shares outstanding at December 31, 2015 5,626 $ 4.85 Granted — $ — Vested (3,034 ) $ 5.34 Forfeited / Canceled (158 ) $ 6.25 Unvested restricted shares outstanding at September 30, 2016 2,434 $ 4.15

Recent Transactions (Details)

Recent Transactions (Details) - Successor - Drilling Participation Agreement - NW Stack $ in Millions	3 Months Ended
	Sep. 30, 2017USD ($)
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Percent of development costs to be funded	10.00%
Initial working interest per well	20.00%
Working interest per well if achievement of 10% IRR	65.00%
Working interest per well if achievement of 15% IRR	89.00%
Private Investment Fund
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Drilling participation agreement commitment	$ 200
Percent of development costs to be funded	90.00%
Drilling costs to be funded	$ 100
Initial working interest per well	80.00%
Optional additional funding	$ 100
Working interest per well if achievement of 10% IRR	35.00%
Working interest per well if achievement of 15% IRR	11.00%

Acquisitions and Divestitures (

Acquisitions and Divestitures (Details) $ in Thousands	Feb. 10, 2017USD ($)awell	Jan. 21, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Successor
Costs Incurred, Acquisition of Oil and Gas Properties [Abstract]
Area of land acquired | a	13,000
Payments to acquire land	$ 47,700
Number of wells in which a working interest was acquired | well	4
Disposal Group, Not Discontinued Operation, Disposal Disclosures
Cash paid on settlement of contract					$ 0
Loss on settlement of contract			$ 0		0
Successor | Disposal Group, Not Discontinued Operations | Oil and Gas Properties (non-core)
Disposal Group, Not Discontinued Operation, Disposal Disclosures
Proceeds from sale of non-core oil and natural gas property					$ 16,000
Predecessor
Disposal Group, Not Discontinued Operation, Disposal Disclosures
Cash paid on settlement of contract						$ 11,000
Loss on settlement of contract				$ 0		$ 90,184
Predecessor | Disposed of by Means Other Than Sales | WTO Properties
Disposal Group, Not Discontinued Operation, Disposal Disclosures
Cash paid on settlement of contract		$ 11,000
Predecessor | Treating Agreement | Disposed of by Means Other Than Sales | WTO Properties
Disposal Group, Not Discontinued Operation, Disposal Disclosures
Contract agreement, term		30 years
Loss on settlement of contract		$ 89,100

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Oct. 04, 2016	Sep. 30, 2016
Predecessor | Fair Value Measurements Level 2 | 8.125% Senior Notes due 2022 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis
Long-term debt, fixed interest rate				8.125%
Predecessor | Fair Value Measurements Level 2 | 7.5% Senior Notes due 2023 | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis
Long-term debt, fixed interest rate				7.50%
Successor | Convertible Notes | Convertible Debt
Fair Value, Assets and Liabilities Measured on Recurring Basis
Long-term debt, fixed interest rate	0.00%
Face amount of debt instrument			$ 281,800,000
Successor | New Building Note | Secured Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis
Face amount of debt instrument	$ 35,000,000		$ 35,000,000
Successor | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair value of investments	4,918,000	$ 7,541,000
Successor | Fair Value, Measurements, Recurring | Fair Value Measurements Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair value of investments	4,918,000	7,541,000
Successor | Fair Value, Measurements, Recurring | Fair Value Measurements Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair value of investments	0	0
Successor | Other current assets | Fair Value, Measurements, Recurring | Fair Value Measurements Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair value of investments	$ 4,900,000	2,800,000
Successor | Other assets | Fair Value, Measurements, Recurring | Fair Value Measurements Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair value of investments		$ 4,800,000

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Successor - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring Basis
Derivative assets	$ 9,641
Derivative liabilities	1,031	$ 29,714
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring Basis
Investments	4,918	7,541
Netting adjustments, assets	(1,023)	0
Assets at fair value	13,536	7,541
Netting adjustments, liabilities	(1,023)	0
Liabilities at fair value	8	29,714
Fair Value, Measurements, Recurring | Commodity derivative contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis
Netting adjustments, assets	(1,023)
Assets at fair value	8,618
Netting adjustments, liabilities	(1,023)	0
Liabilities at fair value	8	29,714
Fair Value, Measurements, Recurring | Fair Value Measurements Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis
Investments	4,918	7,541
Derivative assets	4,918	7,541
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Fair Value Measurements Level 1 | Commodity derivative contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis
Derivative assets	0
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Fair Value Measurements Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis
Investments	0	0
Derivative assets	9,641	0
Derivative liabilities	1,031	29,714
Fair Value, Measurements, Recurring | Fair Value Measurements Level 2 | Commodity derivative contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis
Derivative assets	9,641
Derivative liabilities	1,031	29,714
Fair Value, Measurements, Recurring | Fair Value Measurements Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis
Investments	0	0
Derivative assets	0	0
Derivative liabilities	0	0
Fair Value, Measurements, Recurring | Fair Value Measurements Level 3 | Commodity derivative contracts
Fair Value, Assets and Liabilities Measured on Recurring Basis
Derivative assets	0
Derivative liabilities	$ 0	$ 0

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Fair Value Measurements for Long-Term Debt Holder Conversion Feature (Details) - Predecessor - Debt holder conversion feature $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 29,355
Gain on derivative holder conversion feature	(880)
Conversions	(21,194)
Write off of derivative holder conversion feature to reorganization items	(7,281)
Ending balance	$ 0

Fair Value Measurements - Estim

Fair Value Measurements - Estimated Fair Value and Carrying Value of Long-Term Debt (Details) - Successor - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016	Oct. 04, 2016
Convertible Debt | Convertible Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value			$ 445,700
Carrying value	$ 0	$ 268,780
Secured Notes | New Building Note
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value			$ 36,600
Carrying value	37,601	36,528
Fair Value Measurements Level 2 | Convertible Debt | Convertible Notes
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	0	334,800
Fair Value Measurements Level 2 | Secured Notes | New Building Note
Fair Value, Assets and Liabilities Measured on Recurring Basis
Fair Value	$ 41,638	$ 40,608

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - Successor - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Oil and natural gas properties
Proved	$ 1,004,370	$ 840,201
Unproved	103,533	74,937
Total oil and natural gas properties	1,107,903	915,138
Less: accumulated depreciation, depletion and impairment	(432,564)	(353,030)
Net oil and natural gas properties capitalized costs	675,339	562,108
Property, plant and equipment, gross	251,759	259,713
Less accumulated depreciation and amortization	(13,339)	(3,889)
Other property, plant and equipment, net	238,420	255,824
Total property, plant and equipment, net	913,759	817,932
Land
Oil and natural gas properties
Property, plant and equipment, gross	5,200	5,100
Electrical infrastructure
Oil and natural gas properties
Property, plant and equipment, gross	131,100	130,242
Other non-oil and natural gas equipment
Oil and natural gas properties
Property, plant and equipment, gross	26,956	35,768
Buildings and structures
Oil and natural gas properties
Property, plant and equipment, gross	$ 88,503	$ 88,603

Property, Plant and Equipment34

Property, Plant and Equipment - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017	Dec. 31, 2016	May 31, 2015
Predecessor
Property, Plant and Equipment [Line Items]
Full cost ceiling limitation impairment		$ 298,000,000		$ 657,400,000
Predecessor | Drilling Carry Costs | Repsol E and P USA, Inc.
Property, Plant and Equipment [Line Items]
Drilling and completion costs carried							$ 31,000,000
Successor
Property, Plant and Equipment [Line Items]
Full cost ceiling limitation impairment	$ 0		$ 0
Successor | Repsol E and P USA, Inc.
Property, Plant and Equipment [Line Items]
Settlement of carry commitment						$ 1,200,000
Drilling And Oilfield Services Assets | Successor
Property, Plant and Equipment [Line Items]
Net realizable value of assets held for sale					$ 4,400,000
Held-for-sale | Drilling And Oilfield Services Assets | Predecessor
Property, Plant and Equipment [Line Items]
Loss on Disposition of Property Plant Equipment		$ 100,000		1,700,000
Held-for-sale | Drilling And Oilfield Services Assets | Successor
Property, Plant and Equipment [Line Items]
Impairment of assets to be disposed of	$ 500,000		3,500,000
Disposed of by Sale | Drilling And Oilfield Services Assets | Successor
Property, Plant and Equipment [Line Items]
Long-lived assets disposed of			$ 800,000
Electric Transmission System | Predecessor
Property, Plant and Equipment [Line Items]
Impairment of assets to be held-for-use				55,600,000
Midstream Services Equipment | Predecessor
Property, Plant and Equipment [Line Items]
Impairment of assets to be held-for-use				$ 1,700,000

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($) shares in Millions	Feb. 10, 2017	Oct. 04, 2016	Feb. 09, 2017	Dec. 31, 2016	Feb. 09, 2017	May 11, 2017	Sep. 30, 2017	Oct. 02, 2021	Oct. 03, 2018	Oct. 03, 2017
Secured Notes | New Building Note
Debt Instrument
Debt Instrument, Term of Interest Payments, Days Paid in Kind (after refinancing or repayment)						90 days
Successor
Debt Instrument
Common stock issued for debt							$ 268,779,000
Successor | Revolving Credit Facility | First Lien Exit Facility
Debt Instrument
Maximum borrowing capacity		$ 425,000,000
Cash collateral released	$ 50,000,000
Commitment fee		0.50%
Successor | Revolving Credit Facility | First Lien Exit Facility | Base Rate
Debt Instrument
Basis spread on variable rate		3.75%
Successor | Revolving Credit Facility | First Lien Exit Facility | LIBOR
Debt Instrument
Basis spread on variable rate		4.75%
Basis spread on variable rate floor		1.00%
Successor | Revolving Credit Facility | Credit Facility
Debt Instrument
Maximum borrowing capacity	600,000,000
Borrowing base	$ 425,000,000
Percentage of proved reserves pledged as collateral	95.00%
Total net leverage ratio (no greater than)	3.50
Interest coverage ratio (no less than)	2.25
Aggregate principal amount of default trigger	$ 25,000,000
Default trigger related to judgment liability	$ 25,000,000
Debt outstanding							0
Commitment fee	0.50%
Successor | Revolving Credit Facility | Credit Facility | Base Rate | Minimum
Debt Instrument
Basis spread on variable rate	2.00%
Successor | Revolving Credit Facility | Credit Facility | Base Rate | Maximum
Debt Instrument
Basis spread on variable rate	3.00%
Successor | Revolving Credit Facility | Credit Facility | LIBOR | Minimum
Debt Instrument
Basis spread on variable rate	3.00%
Successor | Revolving Credit Facility | Credit Facility | LIBOR | Maximum
Debt Instrument
Basis spread on variable rate	4.00%
Successor | Line of Credit
Debt Instrument
Outstanding letters of credit							7,100,000
Successor | Convertible Debt | Convertible Notes
Debt Instrument
Debt outstanding				$ 268,780,000			$ 0
Face amount of debt instrument		$ 281,800,000
Fair Value		445,700,000
Unamortized premium		$ 163,900,000
Conversion ratio for shares issuable per $1.00 in principal		0.05330841
Common stock issued for debt			$ 5,100,000	$ 13,000,000
Common stock issued for debt (in shares)	14.1	15	0.3	0.7	1
Notes exchanged/converted	$ 263,700,000
Long-term debt, fixed interest rate							0.00%
Successor | Secured Notes | New Building Note
Debt Instrument
Debt outstanding				$ 36,528,000			$ 37,601,000
Face amount of debt instrument		$ 35,000,000					$ 35,000,000
Fair Value		36,600,000
Proceeds remitted to unsecured creditors		$ 26,800,000
Forecast | Secured Notes | New Building Note
Debt Instrument
Annual interest rate								10.00%	8.00%	6.00%

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)institution	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)institution	Sep. 30, 2016USD ($)
Successor
Derivative Instruments and Hedging Activities Disclosure
Loss (gain) on derivative contracts	$ 11,702		$ (46,024)
Cash receipts, upon settlement of derivative contract			$ 7,700
Number of counterparties to open derivative contracts | institution	7		7
Successor | Commodity Derivatives
Derivative Instruments and Hedging Activities Disclosure
Loss (gain) on derivative contracts	$ 11,700		$ (46,000)
Cash receipts, upon settlement of derivative contract	$ 5,000		$ 7,700
Predecessor
Derivative Instruments and Hedging Activities Disclosure
Loss (gain) on derivative contracts		$ (338)		$ 4,823
Cash receipts, upon settlement of derivative contract				72,608
Predecessor | Commodity Derivatives
Derivative Instruments and Hedging Activities Disclosure
Loss (gain) on derivative contracts		(300)		4,800
Cash receipts, upon settlement of derivative contract		14,600		$ 72,600
Cash receipts, upon early settlement of derivative contract		$ 17,900

Derivatives - Offsetting Assets

Derivatives - Offsetting Assets and Liabilities (Details) - Successor - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Derivative assets, gross amounts	$ 9,641
Derivative assets, gross amounts offset	(1,023)
Derivative assets, amounts net of offset	8,618
Financial collateral (obligation to return cash)	0
Derivative assets, net amount	8,618
Liabilities
Derivative liabilities, gross amounts	1,031	$ 29,714
Derivative liabilities, gross amounts offset	(1,023)	0
Derivative liabilities, amounts net of offset	8	29,714
Financial collateral (right to reclaim cash)	(8)	(29,714)
Derivative liabilities, net amount	0	0
Current assets
Assets
Derivative assets, gross amounts	7,632
Derivative assets, gross amounts offset	(1,024)
Derivative assets, amounts net of offset	6,608
Financial collateral (obligation to return cash)	0
Derivative assets, net amount	6,608
Noncurrent assets
Assets
Derivative assets, gross amounts	2,009
Derivative assets, gross amounts offset	1
Derivative assets, amounts net of offset	2,010
Financial collateral (obligation to return cash)	0
Derivative assets, net amount	2,010
Current liabilities
Liabilities
Derivative liabilities, gross amounts	1,031	27,538
Derivative liabilities, gross amounts offset	(1,023)	0
Derivative liabilities, amounts net of offset	8	27,538
Financial collateral (right to reclaim cash)	(8)	(27,538)
Derivative liabilities, net amount	$ 0	0
Noncurrent liabilities
Liabilities
Derivative liabilities, gross amounts		2,176
Derivative liabilities, gross amounts offset		0
Derivative liabilities, amounts net of offset		2,176
Financial collateral (right to reclaim cash)		(2,176)
Derivative liabilities, net amount		$ 0

Derivatives - Open Commodity De

Derivatives - Open Commodity Derivative Contracts (Details) - Successor	9 Months Ended
	Sep. 30, 2017$ / Mcf$ / bblMBblsMMcf
Oil Price Swaps, October 2017- December 2017
Derivative Instruments and Hedging Activities Disclosure
Notional (Oil in MBbls/Natural Gas in MMcf) | MBbls	828
Weighted Avg. Fixed Price (Oil in USD/bbl, Natural Gas in USD/mcf) | $ / bbl	52.24
Oil Price Swaps, January 2018 - December 2018
Derivative Instruments and Hedging Activities Disclosure
Notional (Oil in MBbls/Natural Gas in MMcf) | MBbls	2,006
Weighted Avg. Fixed Price (Oil in USD/bbl, Natural Gas in USD/mcf) | $ / bbl	54.87
Natural Gas Price Swaps, October 2017 - December 2017
Derivative Instruments and Hedging Activities Disclosure
Notional (Oil in MBbls/Natural Gas in MMcf) | MMcf	8,280
Weighted Avg. Fixed Price (Oil in USD/bbl, Natural Gas in USD/mcf) | $ / Mcf	3.20
Natural Gas Price Swaps, January 2018 - December 2018
Derivative Instruments and Hedging Activities Disclosure
Notional (Oil in MBbls/Natural Gas in MMcf) | MMcf	17,300
Weighted Avg. Fixed Price (Oil in USD/bbl, Natural Gas in USD/mcf) | $ / Mcf	3.16

Derivatives - Fair Value of Der

Derivatives - Fair Value of Derivative Contracts (Details) - Successor - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Derivatives, Fair Value
Derivative assets	$ 9,641
Derivative liabilities	(1,031)	$ (29,714)
Total net derivative contracts	8,610	(29,714)
Current assets
Derivatives, Fair Value
Derivative assets	7,632
Noncurrent assets
Derivatives, Fair Value
Derivative assets	2,009
Current liabilities
Derivatives, Fair Value
Derivative liabilities	(1,031)	(27,538)
Noncurrent liabilities
Derivatives, Fair Value
Derivative liabilities		(2,176)
Oil price swaps | Current assets
Derivatives, Fair Value
Derivative assets	5,417	0
Oil price swaps | Noncurrent assets
Derivatives, Fair Value
Derivative assets	1,739	0
Oil price swaps | Current liabilities
Derivatives, Fair Value
Derivative liabilities	(1,031)	(13,395)
Oil price swaps | Noncurrent liabilities
Derivatives, Fair Value
Derivative liabilities	0	(2,105)
Natural gas price swaps | Current assets
Derivatives, Fair Value
Derivative assets	2,214	0
Natural gas price swaps | Noncurrent assets
Derivatives, Fair Value
Derivative assets	271	0
Natural gas price swaps | Current liabilities
Derivatives, Fair Value
Derivative liabilities	0	(14,143)
Natural gas price swaps | Noncurrent liabilities
Derivatives, Fair Value
Derivative liabilities	$ 0	$ (71)

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 10, 2017	Oct. 04, 2016	Feb. 09, 2017	Sep. 30, 2017	Dec. 31, 2016	Mar. 31, 2016	Feb. 09, 2017	Sep. 30, 2016
Successor
Class of Stock
Common stock, shares issued				35,801,000	21,042,000
Common stock, par value (in dollars per share)				$ 0.001	$ 0.001
Successor | New Common Stock
Class of Stock
Common stock, shares issued		18,900,000
Common stock, par value (in dollars per share)		$ 0.001
Common stock, shares reserved for distribution		400,000
Shares issued				100,000
Successor | Series A Warrants
Class of Stock
Number of shares to be issued		4,900,000
Number of common shares exercised for each warrant		1
Issuance of warrants for general unsecured claims (in shares)		4,500,000		100,000
Successor | Series B Warrants
Class of Stock
Number of shares to be issued		2,100,000
Number of common shares exercised for each warrant		1
Issuance of warrants for general unsecured claims (in shares)		1,900,000
Successor | Holders of Unsecured Claims | Series A Warrants
Class of Stock
Exercise price (in usd per share)		$ 41.34
Successor | Holders of Unsecured Claims | Series B Warrants
Class of Stock
Exercise price (in usd per share)		$ 42.03
Successor | Convertible Notes | Convertible Senior Unsecured Notes
Class of Stock
Common stock issued for debt exchange (in shares)	14,100,000	15,000,000	300,000		700,000		1,000,000
Predecessor | 8.5% Convertible perpetual preferred stock
Class of Stock
Preferred stock, dividend rate, percentage						8.50%		8.50%
Preferred dividends in arrears								$ 11.3
Predecessor | 7.0% Convertible perpetual preferred stock
Class of Stock
Preferred stock, dividend rate, percentage								7.00%
Preferred dividends in arrears								$ 21

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Successor
Current
Federal	$ (8,460)		$ (8,460)
State	3		(36)
Total provision	$ (8,457)		$ (8,496)
Predecessor
Current
Federal		$ 0		$ 0
State		4		11
Total provision		$ 4		$ 11

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - Successor - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Income Taxes
Income tax benefit	$ 8,457	$ 8,496
Minimum
Income Taxes
Number of tax years open for state tax audit (in years)		3 years
Maximum
Income Taxes
Number of tax years open for state tax audit (in years)		5 years
Domestic Tax Authority | Earliest Tax Year
Income Taxes
Open tax year		2,014
Net Operating Loss And Other Carryforwards | Earliest Tax Year
Income Taxes
Open tax year		2,005
Net Operating Loss And Other Carryforwards | Latest Tax Year
Income Taxes
Open tax year		2,013

(Loss) Earnings per Share (Deta

(Loss) Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2017	Sep. 30, 2016
Successor
Earnings (Loss) Per Share, Diluted, by Common Class, Including Two Class Method
Basic earnings (loss)	$ (8,485)			$ 65,822
Weighted Average Shares, Basic	34,290,000			31,750,000
Basic earnings (loss) (in dollars per share)	$ (0.25)			$ 2.07
Effect of dilutive securities
Restricted stock	$ 0			$ 0
Restricted stock (in shares)	0			234,000
Performance share units	$ 0			$ 0
Performance share units (in shares)	0			0
Diluted earnings (loss)	$ (8,485)			$ 65,822
Weighted average shares, diluted	34,290,000			31,984,000
Diluted earnings (loss) per share (in dollars per share)	$ (0.25)			$ 2.06
Successor | Restricted Stock and Performance Share Units
Potentially Dilutive Securities
Antidilutive securities excluded from computation of earnings per share (in shares)				0
Successor | Restricted Stock and Units
Potentially Dilutive Securities
Antidilutive securities excluded from computation of earnings per share (in shares)	100,000
Predecessor
Earnings (Loss) Per Share, Diluted, by Common Class, Including Two Class Method
Basic earnings (loss)		$ (404,337)			$ (1,249,795)
Weighted Average Shares, Basic		718,373,000			708,788,000
Basic earnings (loss) (in dollars per share)		$ (0.56)			$ (1.76)
Effect of dilutive securities
Restricted stock		$ 0			$ 0
Restricted stock (in shares)		0			0
Diluted earnings (loss)		$ (404,337)			$ (1,249,795)
Weighted average shares, diluted		718,373,000			708,788,000
Diluted earnings (loss) per share (in dollars per share)		$ (0.56)			$ (1.76)
Predecessor | Restricted Stock and Units
Potentially Dilutive Securities
Antidilutive securities excluded from computation of earnings per share (in shares)		0			0
Predecessor | 8.5% Convertible perpetual preferred stock
Potentially Dilutive Securities
Preferred stock, dividend rate, percentage			8.50%		8.50%
Predecessor | 7.0% Convertible perpetual preferred stock
Potentially Dilutive Securities
Preferred stock, dividend rate, percentage					7.00%

Share and Incentive-Based Com44

Share and Incentive-Based Compensation - Summary of Unvested Restricted Stock Awards (Details) - Restricted Stock - $ / shares shares in Thousands	1 Months Ended	9 Months Ended
	Oct. 31, 2016	Sep. 30, 2017	Sep. 30, 2016
Successor
Number of Shares
Unvested shares outstanding at beginning of period		1,407
Granted (in shares)	1,400	640
Vested (in shares)		(464)
Forfeited / Canceled (in shares)		(96)
Unvested shares outstanding at end of period		1,487
Weighted- Average Grant Date Fair Value (usd per share)
Unvested restricted shares outstanding at beginning of period (in usd per share)		$ 24.32
Granted (in usd per share)		20.04
Vested (in usd per share)		22.41
Forfeited / Canceled (in usd per share)		23.52
Unvested restricted shares outstanding at end of period (in usd per share)		$ 23.13
Predecessor
Number of Shares
Unvested shares outstanding at beginning of period	2,434		5,626
Granted (in shares)			0
Vested (in shares)			(3,034)
Forfeited / Canceled (in shares)			(158)
Unvested shares outstanding at end of period			2,434
Weighted- Average Grant Date Fair Value (usd per share)
Unvested restricted shares outstanding at beginning of period (in usd per share)	$ 4.15		$ 4.85
Granted (in usd per share)			0
Vested (in usd per share)			5.34
Forfeited / Canceled (in usd per share)			6.25
Unvested restricted shares outstanding at end of period (in usd per share)			$ 4.15

Share and Incentive-Based Com45

Share and Incentive-Based Compensation - Narrative (Details) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended		9 Months Ended
	Feb. 28, 2017shares	Oct. 31, 2016$ / Unitshares	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)$ / sharesshares	Sep. 30, 2016USD ($)$ / sharesshares
Successor
Share and Incentive Based Compensation Arrangement
Performance units vesting period		3 years
Performance units weighted average grant date fair value | $ / Unit		100
Performance units compensation expense			$ 0.5		$ 2.1
Performance units compensation, capitalized			0.1		0.3
Performance units liability			2.5		$ 2.5
Successor | Restricted Stock
Share and Incentive Based Compensation Arrangement
Shares granted | shares		1,400,000			640,000
Vesting period		3 years			2 years 6 months
Share-based compensation expense			3.1		$ 13.5
Share-based compensation, capitalized			0.5		1.8
Unrecognized compensation cost related to unvested awards			25		$ 25
Unrecognized compensation cost, period of recognition					2 years
Value of shares granted (in usd per share) | $ / shares					$ 20.04
Accelerated vesting compensation cost					$ 1.8
Accelerated vesting (in shares) | shares					100,000
Successor | Performance Share Units
Share and Incentive Based Compensation Arrangement
Share-based compensation expense			0.4		$ 1
Share-based compensation, capitalized			$ 0.1		$ 0.2
Common stock issuable per performance share | shares			1		1
Successor | Performance Share Units | Maximum
Share and Incentive Based Compensation Arrangement
Shares granted | shares	400,000
Predecessor | Restricted Stock
Share and Incentive Based Compensation Arrangement
Shares granted | shares						0
Vesting period						4 years
Share-based compensation expense				$ 1.8		$ 11.2
Share-based compensation, capitalized				$ 0.5		$ 1.7
Value of shares granted (in usd per share) | $ / shares						$ 0
Accelerated vesting compensation cost						$ 5.4
Accelerated vesting (in shares) | shares						1,300,000