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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ (40,248,000) $ 506,877,000 $ 227,959,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 485,322,000 412,334,000 307,055,000
Gain on sale of properties 0 (186,999,000) 0
Impairment of oil and gas properties 46,109,000 47,238,000 1,168,000
Deferred income taxes (16,114,000) 307,457,000 134,583,000
Derivative instruments (210,376,000) (327,011,000) 35,432,000
Stock-based compensation expenses 25,272,000 21,302,000 11,982,000
Deferred financing costs amortization and other 12,299,000 11,028,000 4,248,000
Working capital and other changes:      
Change in accounts receivable 108,461,000 16,702,000 (107,473,000)
Change in inventory 6,873,000 (3,776,000) (13,941,000)
Change in prepaid expenses 1,828,000 (3,199,000) (8,191,000)
Change in other current assets 6,489,000 (6,135,000) (56,000)
Change in other assets (950,000) 114,000 (3,248,000)
Change in accounts payable and accrued liabilities (71,617,000) 76,723,000 107,451,000
Change in other current liabilities 6,500,000 0 0
Change in other liabilities (33,000) (139,000) 887,000
Net cash provided by operating activities 359,815,000 872,516,000 697,856,000
Cash flows from investing activities:      
Capital expenditures (819,847,000) (1,354,281,000) (893,524,000)
Acquisition of oil and gas properties (28,817,000) (46,247,000) (1,560,072,000)
Proceeds from sale of properties 1,075,000 324,852,000 0
Costs related to sale of properties 0 (2,337,000) 0
Derivative settlements 370,410,000 6,774,000 (8,133,000)
Redemptions of short-term investments 0 0 25,000,000
Advances from joint interest partners (1,969,000) (6,213,000) (8,347,000)
Net cash used in investing activities (479,148,000) (1,077,452,000) (2,445,076,000)
Cash flows from financing activities:      
Proceeds from issuance of senior notes 0 0 1,000,000,000
Proceeds from revolving credit facility 630,000,000 620,000,000 600,000,000
Principal payments on revolving credit facility (992,000,000) (455,570,000) (264,430,000)
Deferred financing costs (14,632,000) (99,000) (22,910,000)
Proceeds from sale of common stock 462,833,000 0 314,580,000
Purchases of treasury stock (2,949,000) (5,309,000) (1,566,000)
Other 0 (176,000) 0
Net cash provided by financing activities 83,252,000 158,846,000 1,625,674,000
Decrease in cash and cash equivalents (36,081,000) (46,090,000) (121,546,000)
Cash and cash equivalents:      
Beginning of period 45,811,000 91,901,000 213,447,000
End of period 9,730,000 45,811,000 91,901,000
Supplemental cash flow information:      
Cash paid for interest, net of capitalized interest 145,333,000 150,181,000 85,596,000
Cash paid for taxes 0 5,329,000 750,000
Cash received for income tax refunds 5,548,000 0 0
Supplemental non-cash transactions:      
Change in accrued capital expenditures (260,060,000) 169,710,000 34,354,000
Change in asset retirement obligations $ 3,972,000 $ 6,182,000 $ 13,201,000