Acquisitions and Divestitures Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2015

Acquisitions and Divestitures [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table represents the fair values assigned to the net assets acquired as of the Acquisition Date and the consideration paid:

Assets
Oil and gas properties – proved	$	267,688
Oil and gas properties – unproved	119,709
Accounts receivable, net	107,345
Other current assets	2,068
	496,810
Liabilities
Accounts payable and accrued expenses	94,771
Other liabilities	1,500
	96,271
Net assets acquired	$	400,539
Cash, net of amounts received for preferential rights	$	358,239
Fair value of the Shares issued to seller	42,300
Consideration paid	$	400,539

Business Acquisition, Pro Forma Information

The results of operations attributable to the Eagle Ford Acquisition have been included in our Consolidated Financial Statements from the Acquisition Date. The following table presents unaudited summary pro forma financial information for the year ended December 31, 2013 assuming the Eagle Ford Acquisition and the related financing occurred as of January 1, 2012. The pro forma financial information does not purport to represent what our results of operations would have been if the Eagle Ford Acquisition had occurred as of this date or the results of operations for any future periods.

Total revenues	$	457,811
Net loss attributable to common shareholders	$	(148,272	)
Loss per share – basic and diluted	$	(2.27	)