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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES:      
Net income (loss) $ 117,848 $ (135,624) $ (1,037,361)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Depreciation, depletion, and amortization 209,257 208,353 352,742
Impairments (Note 2) 0 161,563 1,634,628
Amortization of debt issuance costs and debt discount 2,159 2,122 2,088
(Gain) loss on derivatives (14,732) 22,813 (26,345)
Cash receipts on derivatives settled 173 9,658 46,615
(Gain) loss on disposition of assets (327) (3,127) 7,229
Deferred tax benefit (57,683) (71,209) (606,332)
Employee stock compensation plans 17,747 13,812 21,468
Bad debt expense 348 785 1,191
ARO liability accretion 2,886 2,779 3,453
Other, net (865) (6,037) (1,517)
Changes in operating assets and liabilities increasing (decreasing) cash:      
Accounts receivable (32,073) (11,796) 105,426
Materials and supplies 2,835 225 1,507
Prepaid expenses and other 1,527 2,585 7,134
Accounts payable 21,824 27,400 (20,306)
Accrued liabilities 6,996 (4,388) (22,920)
Income taxes 38 20,903 (21,482)
Contract advances 1,630 (687) (274)
Net cash provided by operating activities 279,588 240,130 446,944
INVESTING ACTIVITIES:      
Capital expeditures (269,185) (186,149) (561,453)
Producing property and other acquisitions (58,026) (564) (179)
Proceeds from disposition of property and equipment 21,713 74,823 11,854
Other (1,500) 919 0
Net cash used in investing activities (306,998) (110,971) (549,778)
FINANCING ACTIVITIES:      
Borrowings under line of credit 343,900 251,398 618,500
Payments under line of credit (326,700) (371,600) (503,500)
Payments on capitalized leases (3,694) (3,694) (3,549)
Proceeds from common stock issued, net of issue costs (Note 15) 18,623 0 0
Tax expense from stock compensation 0 (376) (3,207)
Decrease in book overdrafts (Note 2) (4,911) (4,829) (5,624)
Net cash provided by (used in) financing activities 27,218 (129,101) 102,620
Net increase (decrease) in cash and cash equivalents (192) 58 (214)
Cash and cash equivalents, beginning of year 893 835 1,049
Cash and cash equivalents, end of year 701 893 835
Supplemental disclosure of cash flow information:      
Interest paid (net of capitalization) 33,931 35,690 30,910
Income taxes 0 42 3,540
Changes in accounts payable and accrued liabilities related to purchases of property, plant, and equipment (6,942) 21,190 105,157
Non-cash reductions to oil and natural gas properties related to asset retirement obligations $ 3,613 $ 30,897 $ 5,694