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SRC ENERGY INC
SIGNATURESz0
Balance SheetqSIncome Statementv
Cash FlowsMajor Customers7Major Customers (1)&Recently Issued Accounting Pron{Capitalized OverheadsBusiness Combinations ABusiness Combinations (1)2025 Senior NotesN2025 Senior Notes (1)&Offsetting of Derivative Assets&"Offsetting of Derivative As (1)&3Offsetting of Derivative As (2)&AOffsetting of Derivative As (3)&OFair Value Measurements and Dis&H]Fair Value Measurements and (1)&jFair Value of Financial InstrumzStockBased Compensationk
Stock options.Stock options (1)&^Restricted stock units and stoc&Total Shareholder Return TSR PS&Total Shareholder Return TS (1)&}Total Shareholder Return TS (2)&Total Shareholder Return TS (3)&14 Revenue from Contracts with SOil CommitmentsVehicle LeasesVehicle Leases (1)D1Market ConditionsF@Market Conditions (1)SCore OperationsaCore Operations (1)&'nOil Natural Gas and NGL Product
LOEՐDD A%General and Administrative G A&Oil Natural Gas and NGL Pro (1)LOE (1)DD A (1)
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
DD A (1)G ASources and UsesCapital ExpendituresAdjusted EBITDA!Proposition 112 if approved wouItem 6 ExhibitsU }6}!
SRC Energy Inc.10Q
10/31/2018SRC ENERGY INC. !
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0SRC ENERGY INC
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
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SRC Energy Inc.10Q
10/31/2018
SIGNATURES
Page&Part I  FINANCIAL INFORMATION
Item 1.(
Financial Statements (unaudited)
%Condensed Consolidated Balance Sheets~
1)as of September 30, 2018 and December 31,~
,$Condensed Consolidated Statements of~
0(Operations for the three and nine months)!ended September 30, 2018 and 2017,$Condensed Consolidated Statements of~
6.Cash Flows for the nine months ended September30, 2018 and 20171)Notes to Condensed Consolidated Financial~
StatementsItem 2.,$Management's Discussion and Analysis~
Z80of Financial Condition and Results of OperationsDlym= @x^._/j: !"#$%&'()*+,./0123456789:;< !Item 3.0!(Quantitative and Qualitative Disclosures!~
!""About Market Risk####$Item 4.$Controls and Procedures$~
$%%%%#&Part II  OTHER INFORMATION&&''''(Item 1.(Legal Proceedings(~
())))*Item 1A.*Risk Factors*~
*++++,Item 2./,'Unregistered Sales of Equity Securities,~
,and Use of Proceeds..../Item 3.%/Defaults of Senior Securities/~
/00001Item 4.1Mine Safety Disclosures1~
122223Item 5.3Other Information3~
344445Item 6.5Exhibits5~
566667
SIGNATURES7~
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SIGNATURESIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
DD A (1)G ASources and UsesCapital ExpendituresAdjusted EBITDA!Proposition 112 if approved wouItem 6 ExhibitsU }7}$
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SRC Energy Inc.10Q
10/31/2018
Balance Sheet
ASSETS
September 30, 2018
December 31, 2017Current assets:!Cash and cash equivalents~
,~
Accounts receivable:
'Oil, natural gas, and NGL sales~
~
?
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~
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2oTotal current assets~
z
~
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~
v1)Unproved properties and land, not subject~
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q0to depletion#Oil and gas properties, net~
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8~
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#Total assets~
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#~
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%2%$&Asset retirement obligations~
&N+&&~
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'z'!(Total current liabilities~
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~
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/V#/0Total liabilities~
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0/01111/2'Commitments and contingencies (See Note22222~
3>44445Shareholders' equity:55556Preferred stock  $0.01 par value, 10,000,000 666 66/7'shares authorized: no shares issued and8outstanding49,Common stock  $0.001 par value, 400,000,000~
999~
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SIGNATURES
Balance Sheet
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
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1
SRC Energy Inc.10Q
10/31/2018Income Statement
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SIGNATURES
Balance SheetIncome StatementMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
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SRC Energy Inc.10Q
10/31/2018
Cash Flows
'
Nine Months Ended September 30,~
~
%Cash flows from operating activities:
Net income~
~
B
.&Adjustments to reconcile net income to2*net cash provided by operating activities:.&Depletion, depreciation, and accretion~
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z1)Settlement of asset retirement obligation~
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N$Provision for deferred taxes~
r ( Stockbased compensation expense~
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.&Marktomarket of commodity derivative
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~
contracts0(Cash settlements on commodity derivative~
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:y1)Net cash provided by operating activities~
~
%Cash flows from investing activities:1)Acquisition of oil and gas properties and~
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
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SRC Energy Inc.10Q
10/31/2018Major Customers:
(
Three Months Ended September 30,
'
Nine Months Ended September 30,Major Customers~
~
~
~
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Company B
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor Customers!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
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SRC Energy Inc.10Q
10/31/2018Major Customers:
As of
As ofMajor CustomersSeptember 30, 2018December 31, 2017 Company A23%26%
Company B
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)Capitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
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'
SRC Energy Inc.10Q
10/31/20182*Recently Issued Accounting Pronouncements:
As of
As ofSeptember 30, 2018December 31, 20171)Oil and gas properties, full cost method:#
Costs of proved properties:
#Producing and nonproducing~
~
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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SRC Energy Inc.10Q
10/31/2018Capitalized Overhead:
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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SRC Energy Inc.10Q
10/31/2018Business Combinations
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SIGNATURES
Balance SheetIncome Statement
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SRC Energy Inc.10Q
10/31/2018Business Combinations
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SIGNATURES
Balance SheetIncome Statement
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SRC Energy Inc.10Q
10/31/20182025 Senior Notes
Settlement Period
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Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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SRC Energy Inc.10Q
10/31/20182025 Senior Notes
Settlement Period
Derivative
Volumes
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SIGNATURES
Balance SheetIncome Statement
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10/31/20187/Offsetting of Derivative Assets and Liabilities
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SIGNATURES
Balance SheetIncome Statement
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10/31/20187/Offsetting of Derivative Assets and Liabilities
As of December 31, 2017
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SIGNATURES
Balance SheetIncome Statement
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10/31/20187/Offsetting of Derivative Assets and Liabilities
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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10/31/20187/Offsetting of Derivative Assets and Liabilities
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SIGNATURES
Balance SheetIncome Statement
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10/31/2018.&Fair Value Measurements and Disclosure
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SIGNATURES
Balance SheetIncome Statement
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10/31/2018.&Fair Value Measurements and Disclosure
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SIGNATURES
Balance SheetIncome Statement
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10/31/2018 StockBased Compensation
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SIGNATURES
Balance SheetIncome Statement
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10/31/2018
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SIGNATURES
Balance SheetIncome Statement
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10/31/2018
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SIGNATURES
Balance SheetIncome Statement
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SRC Energy Inc.10Q
10/31/20185Restricted stock units and stock bonus awards
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Balance SheetIncome Statement
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10/31/2018/'Total Shareholder Return ("TSR") PSUs 
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Balance SheetIncome Statement
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10/31/2018/'Total Shareholder Return ("TSR") PSUs 
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SIGNATURES
Balance SheetIncome Statement
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Balance SheetIncome Statement
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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10/31/20181)14. Revenue from Contracts with Customers
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SIGNATURES
Balance SheetIncome Statement
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10/31/2018Oil Commitments
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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SRC Energy Inc.10Q
10/31/2018Vehicle Leases
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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10/31/2018Vehicle Leases
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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10/31/2018Market Conditions
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SIGNATURES
Balance SheetIncome Statement
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10/31/2018Market Conditions
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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SRC Energy Inc.10Q
10/31/2018Core Operations
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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10/31/2018Core Operations
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SIGNATURES
Balance SheetIncome Statement
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SRC Energy Inc.10Q
10/31/201891Oil, Natural Gas, and NGL Production and Revenues
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Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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SRC Energy Inc.10Q
10/31/2018LOE
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SIGNATURES
Balance SheetIncome Statement
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SRC Energy Inc.10Q
10/31/2018DD A
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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SRC Energy Inc.10Q
10/31/2018*"General and Administrative ("G A")
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Balance SheetIncome Statement
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10/31/201891Oil, Natural Gas, and NGL Production and Revenues
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
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SRC Energy Inc.10Q
10/31/2018LOE
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Balance SheetIncome Statement
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10/31/2018DD A
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SIGNATURES
Balance SheetIncome Statement
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SRC Energy Inc.10Q
10/31/2018G A
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Nine Months Ended September 30,(in thousands)~
~
G&A costs incurred~
f~
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Capitalized costs~
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Total G&A~
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{NonCash G&A~
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Cash G&A~
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n Total G&A~
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
DD A (1)G ACapital ExpendituresAdjusted EBITDA!Proposition 112 if approved wouItem 6 ExhibitsU }8}$
SRC Energy Inc.10Q
10/31/2018Sources and Uses
'
Nine Months Ended September 30,~
~
'Net cash provided by operations~
~
Capital expenditures~
~
7/Net cash provided by other investing activities~
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f7/Net cash provided by (used in) equity financing~
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
DD A (1)G ASources and UsesAdjusted EBITDA!Proposition 112 if approved wouItem 6 ExhibitsU }0.}$
SRC Energy Inc.10Q
10/31/2018Capital Expenditures
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Nine Months Ended September 30,~
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%Capital expenditures for drilling and~
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
DD A (1)G ASources and UsesCapital Expenditures!Proposition 112 if approved wouItem 6 ExhibitsU }2}$
SRC Energy Inc.10Q
10/31/2018Adjusted EBITDA
(
Three Months Ended September 30,
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Nine Months Ended September 30,~
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SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
DD A (1)G ASources and UsesCapital ExpendituresAdjusted EBITDAItem 6 ExhibitsU }2}$ }
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SRC Energy Inc.10Q
10/31/2018kcProposition 112, if approved, would have a material adverse effect on our future drilling inventory
Period
(
Total Number of Shares Purchased
$
Average Price Paid per Share( July 1, 2018  July 31, 2018 (1) 
$,$August 1, 2018  August 31, 2018 (1)~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??0SRC ENERGY INC
SIGNATURES
Balance SheetIncome Statement
Cash FlowsMajor CustomersMajor Customers (1)!Recently Issued Accounting PronCapitalized OverheadBusiness CombinationsBusiness Combinations (1)2025 Senior Notes2025 Senior Notes (1)!Offsetting of Derivative Assets!Offsetting of Derivative As (1)!Offsetting of Derivative As (2)!Offsetting of Derivative As (3)!Fair Value Measurements and Dis!Fair Value Measurements and (1)!Fair Value of Financial InstrumStockBased Compensation
Stock optionsStock options (1)!Restricted stock units and stoc!Total Shareholder Return TSR PS!Total Shareholder Return TS (1)!Total Shareholder Return TS (2)!Total Shareholder Return TS (3)!14 Revenue from Contracts with Oil CommitmentsVehicle LeasesVehicle Leases (1)Market ConditionsMarket Conditions (1)Core OperationsCore Operations (1)!Oil Natural Gas and NGL ProductLOEDD A General and Administrative G A!Oil Natural Gas and NGL Pro (1) LOE (1)
DD A (1)G ASources and UsesCapital ExpendituresAdjusted EBITDA!Proposition 112 if approved wouU }I }$ }6

SRC Energy Inc.10Q
10/31/2018Item 6. Exhibits
Exhibit
ExhibitNumber333333$@%Form of Goal Based PerformanceVested
Stock Unit Agreement *?@0(Certification of the Principal Executive.&Officer pursuant to Rule 13a14(a) and1)Rule 15d14(a) of the Securities Exchange4,Act of 1934, as adopted, pursuant to Section/'302 of the SarbanesOxley Act of 2002 *333333?@0(Certification of the Principal Financial.&Officer pursuant to Rule 13a14(a) and1)Rule 15d14(a) of the Securities Exchange4,Act of 1934, as adopted, pursuant to Section/'302 of the SarbanesOxley Act of 2002 *@@1)Certifications of the Principal Executive/'Officer and Principal Financial Officer5pursuant to 18 USC 1350, as adopted, pursuant0(to Section 906 of the SarbanesOxley Act
of 2002 **101.INSXBRL Instance Document101.SCH&XBRL Taxonomy Extension Schema101.CAL4,XBRL Taxonomy Extension Calculation LinkbaseD\ lsgCv$=V n3 !"#$%&'()*+, 101.DEF 3 +XBRL Taxonomy Extension Definition Linkbase!101.LAB!.!&XBRL Taxonomy Extension Label Linkbase"101.PRE","$XBRL Taxonomy Extension Presentation###Linkbase$$$%%% &*&&Filed herewith
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