Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes for the years ended December 31, 2017, 2016 and 2015 are as follows:

	Year Ended December 31,
	2017			2016			2015
	(In thousands)
Current income tax provision (benefit):
Federal	$	—		$	—		$	(33	)
State	999			192			268
Total current income tax provision	999			192			235
Deferred income tax provision (benefit):
Federal	(21,720		)	(579		)	(198,729		)
State	1,153			579			(2,816		)
Total deferred income tax provision (benefit)	(20,567		)	—			(201,545		)
Total provision for (benefit from) income taxes	$	(19,568	)	$	192		$	(201,310	)

Reconciliation of Statutory Federal Income Tax Amount to Recorded Expense

A reconciliation of the statutory federal income tax amount to the recorded expense is as follows:

	Year Ended December 31,
	2017			2016			2015
	(In thousands)
Income tax expense (benefit) at the federal statutory rate (35%)	$	174,016		$	(57,694	)	$	(263,179	)
Impact of nontaxable noncontrolling interest	(12,073		)	—			—
Income tax benefit relating to change in statutory tax rate	(67,938		)	—			(1,145		)
State income tax expense (benefit), net of federal tax effect	3,413			770			(2,548		)
Non-deductible compensation	13,492			3,990			1,354
Change in valuation allowance	(127,485		)	53,336			61,056
Other, net	(2,993		)	(210		)	3,152
Provision for (benefit from) income taxes	$	(19,568	)	$	192		$	(201,310	)

Schedule of Deferred Tax Assets and Liabilities

The components of the Company’s deferred tax assets and liabilities as of December 31, 2017 and 2016 are as follows:

	December 31,
	2017			2016
	(In thousands)
Current:
Deferred tax assets
Derivative instruments	$	—		$	7,771
Other	—			3,518
Current deferred tax assets	—			11,289
Valuation allowance	—			(11,289		)
Current deferred tax assets, net of valuation allowance	—			—
Deferred tax liabilities
Derivative instruments	—			—
Total current deferred tax liabilities	—			—
Net current deferred tax assets	—			—
Noncurrent:
Deferred tax assets
Net operating loss carryforwards (subject to 20 year expiration)	74,997			139,065
Derivative instruments	22,918			—
Stock based compensation	942			6,234
Other	2,464			—
Noncurrent deferred tax assets	101,321			145,299
Valuation allowance	(104		)	(103,112		)
Noncurrent deferred tax assets, net of valuation allowance	101,217			42,187
Deferred tax liabilities
Oil and natural gas properties and equipment	202,997			42,187
Midstream assets	6,268			—
Total noncurrent deferred tax liabilities	209,265			42,187
Net noncurrent deferred tax liabilities	108,048			—
Net deferred tax liabilities	$	108,048		$	—