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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows provided by (used in) operating activities:      
Net income (loss) $ (90,896) $ (294,790) $ 31,190
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Deferred tax expense (benefit) 543 2,626 (2,941)
Depreciation, depletion and amortization 28,720 63,497 87,818
Ceiling test write-down 40,304 266,562 0
Accretion of asset retirement obligation 2,515 3,259 2,958
Share based compensation expense 1,444 4,617 5,248
Gain on sale of assets 0 (21,937) 0
Amortization costs and other 2,106 2,259 2,188
Non-cash PIK interest 5,722 0 0
Payments to settle asset retirement obligations (3,169) (2,776) (3,623)
Costs incurred to issue 2021 Notes and 2021 PIK Notes 10,139 0 0
Changes in working capital accounts:      
Revenue receivable (3,818) 10,009 10,083
Joint interest billing receivable 41,400 223 (20,276)
Accounts payable and accrued liabilities (72,760) (9,400) 50,243
Advances from co-owners (13,788) 3,299 11,850
Other (5,060) 2,657 3,470
Net cash provided by (used in) operating activities (56,598) 30,105 178,208
Cash flows provided by (used in) investing activities:      
Investment in oil and gas properties (30,366) (90,218) (174,633)
Investment in other property and equipment (24) (454) (926)
Sale of oil and gas properties 25,482 271,769 11,908
Net cash provided by (used in) investing activities (4,908) 181,097 (163,651)
Cash flows used in financing activities:      
Net payments for share based compensation 11 (199) (75)
Deferred financing costs (3,156) (1,094) (253)
Payment of preferred stock dividend (1,285) (5,139) (5,139)
Proceeds from borrowings 10,000 70,000 17,500
Repayment of borrowings 0 (145,000) (17,500)
Redemption of 2017 Notes (53,626) 0 0
Costs incurred to issue 2021 Notes and 2021 PIK Notes (10,139) 0 0
Net cash used in financing activities (58,195) (81,432) (5,467)
Net increase (decrease) in cash and cash equivalents (119,701) 129,770 9,090
Cash and cash equivalents, beginning of period 148,013 18,243 9,153
Cash and cash equivalents, end of period 28,312 148,013 18,243
Cash paid during the period for:      
Interest 33,206 36,217 37,174
Income taxes $ (18) $ 0 $ 270