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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income (loss) $ 95,566 $ (201,366)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Unrealized (gain) loss on derivatives (21,449) 30,261
Depletion, depreciation and amortization 123,066 90,185
Accretion of asset retirement obligations 937 828
Full-cost ceiling impairment 0 158,633
Stock-based compensation expense 12,488 9,138
Amortization of debt issuance cost 103 899
Net gain on asset sales and inventory impairment (23) (3,140)
Changes in operating assets and liabilities    
Accounts receivable (50,343) (7,782)
Lease and well equipment inventory (1,666) (669)
Prepaid expenses (2,224) (74)
Other assets 217 480
Accounts payable, accrued liabilities and other current liabilities 35,068 9,710
Royalties payable 29,651 5,225
Advances from joint interest owners 2,646 3,147
Income taxes payable 0 (2,848)
Other long-term liabilities (1,521) 3,835
Net cash provided by operating activities 222,516 96,462
Investing activities    
Oil and natural gas properties capital expenditures (517,270) (288,175)
Expenditures for other property and equipment (80,560) (57,148)
Proceeds from sale of assets 977 5,173
Restricted cash 0 43,098
Restricted cash in less-than-wholly-owned subsidiaries (9,486) (544)
Net cash used in investing activities (606,339) (297,596)
Financing activities    
Borrowings under Credit Agreement 0 65,000
Proceeds from issuance of common stock 0 142,350
Cost to issue equity 0 (830)
Proceeds from stock options exercised 2,920 0
Contributions related to formation of Joint Venture 171,500 0
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 29,400 0
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (5,635) 0
Taxes paid related to net share settlement of stock-based compensation (4,415) (1,552)
Purchase of non-controlling interest of less-than-wholly-owned subsidiary (2,653) 0
Net cash provided by financing activities 191,117 204,968
(Decrease) increase in cash (192,706) 3,834
Cash at beginning of period 212,884 16,732
Cash at end of period $ 20,178 $ 20,566