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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income $ 118,915 $ 33,403
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 124,210 99,652
Asset impairment 177 1,460
Accretion of discount on asset retirement obligations 1,533 1,414
Deferred income taxes 35,441 20,449
Change in derivative fair value (13,085) (71,686)
(Gain) loss on sale of assets (33,587) 366
Stock-based compensation expense 4,145 3,197
Exploration, including dry holes 207 0
Other, net 1,983 (3,696)
Net change in:    
Accounts receivable 7,974 (16,778)
Inventories (6,409) (1,143)
Accounts payable 22,879 9,314
Accrued taxes/income tax receivable 3,786 3,808
Other current assets and liabilities (12,339) (23,892)
Net cash provided by operating activities 255,830 55,868
Investing Activities    
Additions to oil and natural gas properties (199,852) (183,714)
Acquisitions (23,205) (159,115)
Proceeds (payments) on the sale of assets, net 881 (308)
Net cash used in investing activities (222,176) (343,137)
Financing Activities    
Taxes paid for shares withheld (6,493) (3,166)
Reduction of long-term debt 0 (7,000)
Net change in credit facility (27,000) 0
Net cash used in financing activities (33,493) (10,166)
Net change in cash and cash equivalents 161 (297,435)
Cash and cash equivalents at beginning of period 439 386,093
Cash and cash equivalents at end of period $ 600 $ 88,658