Business Combinations and Divestitures (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary allocation of the consideration given related to this business combination was as follows (in thousands). The Company anticipates that the allocation of the consideration given will be finalized during the first quarter of 2016 upon determination of the final customary purchase price adjustments.

Consideration given	Allocation
Cash	$	26,148
Preferred shares issued	32,490
Common shares issued	71,478
Total consideration given	$	130,116
Allocation of purchase price
Cash acquired	$	626
Accounts receivable	3,542
Inventory	180
Other current assets	106
Oil and natural gas properties
Evaluated oil and natural gas properties	16,524
Unproved oil and unevaluated natural gas properties	202,310
Other property and equipment	178
Accounts payable	(2,034		)
Accrued liabilities	(495		)
Current note payable	(11,982		)
Asset retirement obligations	(2,046		)
Deferred tax liabilities incurred	(76,793		)
Net assets acquired	$	130,116