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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
2 Months Ended 10 Months Ended 12 Months Ended
Feb. 28, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:        
Net income (loss)   $ (247,639,000)    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation, depletion and amortization   99,890,000    
Write-down of oil and gas properties   256,435,000    
Accretion expense   21,151,000    
Deferred income tax provision (benefit)   0    
(Gain) loss on sale of oil and gas properties   105,000    
Settlement of asset retirement obligations   (80,671,000)    
Non-cash stock compensation expense   1,252,000    
Excess tax benefits   0    
Non-cash derivative expense   15,548,000    
Non-cash interest expense   4,000    
Non-cash reorganization items   0    
Other non-cash expense   1,245,000    
Change in current income taxes   (13,744,000)    
(Increase) decrease in accounts receivable   2,455,000    
(Increase) decrease in other current assets   4,648,000    
Decrease in inventory   0    
Increase (decrease) in accounts payable   17,113,000    
Increase (decrease) in other current liabilities   10,677,000    
Investment in derivative contracts   (2,416,000)    
Other   3,023,000    
Net cash provided by (used in) operating activities   89,076,000    
Cash flows from investing activities:        
Investment in oil and gas properties   (65,282,000)    
Proceeds from sale of oil and gas properties, net of expenses   20,633,000    
Investment in fixed and other assets   (163,000)    
Change in restricted funds   56,805,000    
Net cash provided by (used in) investing activities   11,993,000    
Cash flows from financing activities:        
Proceeds from bank borrowings   0    
Repayments of bank borrowings   0    
Proceeds from building loan   0    
Repayments of building loan   (337,000)    
Cash payment to noteholders   0    
Stock issuance costs - Talos combination   (184,000)    
Debt issuance costs   0    
Excess tax benefits   0    
Net payments for share-based compensation   (19,000)    
Net cash provided by (used in) financing activities   (540,000)    
Effect of exchange rate changes on cash   0    
Net change in cash and cash equivalents   100,529,000    
Cash and cash equivalents, beginning of period   162,966,000    
Cash and cash equivalents, end of period $ 162,966,000 263,495,000    
Supplemental cash flow information:        
Cash paid for interest, net of amount capitalized   (10,256,000)    
Cash refunded for income taxes, net of amounts paid   5,420,000    
Predecessor        
Cash flows from operating activities:        
Net income (loss) 630,317,000   $ (590,586,000) $ (1,090,915,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation, depletion and amortization 37,429,000   220,079,000 281,688,000
Write-down of oil and gas properties 0   357,431,000 1,362,447,000
Accretion expense 5,447,000   40,229,000 25,988,000
Deferred income tax provision (benefit) 0   13,080,000 (272,311,000)
(Gain) loss on sale of oil and gas properties (213,453,000)   0 0
Settlement of asset retirement obligations (3,641,000)   (20,514,000) (72,382,000)
Non-cash stock compensation expense 2,645,000   8,443,000 12,324,000
Excess tax benefits 0   0 (1,586,000)
Non-cash derivative expense 1,778,000   1,471,000 16,440,000
Non-cash interest expense 0   18,404,000 17,788,000
Non-cash reorganization items (458,677,000)   8,332,000 0
Other non-cash expense 172,000   6,248,000 0
Change in current income taxes 3,570,000   20,088,000 (37,377,000)
(Increase) decrease in accounts receivable 6,354,000   (1,412,000) 43,724,000
(Increase) decrease in other current assets (2,274,000)   (3,493,000) 1,767,000
Decrease in inventory 0   0 1,304,000
Increase (decrease) in accounts payable (4,652,000)   1,026,000 (14,582,000)
Increase (decrease) in other current liabilities (9,653,000)   9,897,000 (25,936,000)
Investment in derivative contracts (3,736,000)   0 0
Other 2,490,000   (10,135,000) (907,000)
Net cash provided by (used in) operating activities (5,884,000)   78,588,000 247,474,000
Cash flows from investing activities:        
Investment in oil and gas properties (8,754,000)   (237,952,000) (522,047,000)
Proceeds from sale of oil and gas properties, net of expenses 505,383,000   0 22,839,000
Investment in fixed and other assets (61,000)   (1,266,000) (1,549,000)
Change in restricted funds (75,547,000)   1,046,000 179,467,000
Net cash provided by (used in) investing activities 421,021,000   (238,172,000) (321,290,000)
Cash flows from financing activities:        
Proceeds from bank borrowings 0   477,000,000 5,000,000
Repayments of bank borrowings (341,500,000)   (135,500,000) (5,000,000)
Proceeds from building loan 0   0 11,770,000
Repayments of building loan (24,000)   (423,000) 0
Cash payment to noteholders (100,000,000)   0 0
Stock issuance costs - Talos combination 0   0 0
Debt issuance costs (1,055,000)   (900,000) (68,000)
Excess tax benefits 0   0 1,586,000
Net payments for share-based compensation (173,000)   (762,000) (3,127,000)
Net cash provided by (used in) financing activities (442,752,000)   339,415,000 10,161,000
Effect of exchange rate changes on cash 0   (9,000) (74,000)
Net change in cash and cash equivalents (27,615,000)   179,822,000 (63,729,000)
Cash and cash equivalents, beginning of period 190,581,000 $ 162,966,000 10,759,000 74,488,000
Cash and cash equivalents, end of period 162,966,000   190,581,000 10,759,000
Supplemental cash flow information:        
Cash paid for interest, net of amount capitalized 0   (32,130,000) (34,394,000)
Cash refunded for income taxes, net of amounts paid $ 0   $ 25,762,000 $ 7,212,000