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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income (loss) $ 77,587 $ (213,414)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Unrealized (gain) loss on derivatives (33,821) 33,464
Depletion, depreciation and amortization 75,266 60,170
Accretion of asset retirement obligations 614 552
Full-cost ceiling impairment 0 158,633
Stock-based compensation expense 11,192 5,553
Amortization of debt issuance cost 64 592
Net gain on asset sales and inventory impairment (7) (2,067)
Changes in operating assets and liabilities    
Accounts receivable (25,642) (2,751)
Lease and well equipment inventory (140) (514)
Prepaid expenses (2,619) 186
Other assets 165 520
Accounts payable, accrued liabilities and other current liabilities 4,442 2,451
Royalties payable 11,435 153
Advances from joint interest owners 3,768 5,083
Income taxes payable 0 (2,848)
Other long-term liabilities (1,062) 3,837
Net cash provided by operating activities 121,242 49,600
Investing activities    
Oil and natural gas properties capital expenditures (328,929) (162,381)
Expenditures for other property and equipment (41,743) (47,548)
Proceeds from sale of assets 977 0
Restricted cash 0 43,437
Restricted cash in less-than-wholly-owned subsidiaries (13,783) 460
Net cash used in investing activities (383,478) (166,032)
Financing activities    
Proceeds from issuance of common stock 0 142,350
Cost to issue equity 0 (768)
Proceeds from stock options exercised 2,201 0
Contributions related to formation of Joint Venture 171,500 0
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 14,700 0
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (1,960) 0
Taxes paid related to net share settlement of stock-based compensation (2,970) (1,009)
Purchase of non-controlling interest of less-than-wholly-owned subsidiary (2,653) 0
Net cash provided by financing activities 180,818 140,573
(Decrease) increase in cash (81,418) 24,141
Cash at beginning of period 212,884 16,732
Cash at end of period $ 131,466 $ 40,873