Condensed Consolidating Financial Information (Tables)

v3.4.0.3

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)   March 31, 2016   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated Assets                   Current assets:                   Cash and cash equivalents $ 453,743   $ 634   $ —   $ —   $ 454,377 Accounts receivable - oil and gas 78,419   2,324   —   (2,242 )   78,501 Accounts receivable - related parties 17   —   —   —   17 Accounts receivable - intercompany 341,062   661   —   (341,723 )   — Prepaid expenses and other current assets 2,755   —   —   —   2,755 Short-term derivative instruments 152,211   —   —   —   152,211 Total current assets 1,028,207   3,619   —   (343,965 )   687,861 Property and equipment:                   Oil and natural gas properties, full-cost accounting 5,174,684   332,615   —   (729 )   5,506,570 Other property and equipment 40,533   43   —   —   40,576 Accumulated depletion, depreciation, amortization and impairment (3,112,737 )   (30 )   —   —   (3,112,767 ) Property and equipment, net 2,102,480   332,628   —   (729 )   2,434,379 Other assets:                   Equity investments 234,063   22,500   39,054   (51,016 )   244,601 Long-term derivative instruments 42,455   —   —   —   42,455 Deferred tax asset 76,327   —   —   —   76,327 Other assets 17,038   (2 )   —   —   17,036 Total other assets 369,883   22,498   39,054   (51,016 )   380,419   Total assets $ 3,500,570   $ 358,745   $ 39,054   $ (395,710 )   $ 3,502,659                     Liabilities and Stockholders' Equity                   Current liabilities:                   Accounts payable and accrued liabilities $ 233,745   $ 4,801   $ —   $ (2,712 )   $ 235,834 Accounts payable - intercompany —   341,128   125   (341,253 )   — Asset retirement obligation - current 75   —   —   —   75 Short-term derivative instruments 5,715   —   —   —   5,715 Deferred tax liability 51,908   —   —   —   51,908 Total current liabilities 291,443   345,929   125   (343,965 )   293,532 Long-term derivative instrument 10,127   —   —   —   10,127 Asset retirement obligation - long-term 28,471   —   —   —   28,471 Long-term debt 949,740   —   —   —   949,740 Total liabilities 1,279,781   345,929   125   (343,965 )   1,281,870                     Stockholders' equity:                   Common stock 1,252   —   —   —   1,252 Paid-in capital 3,239,294   22,822   243,374   (266,196 )   3,239,294 Accumulated other comprehensive (loss) income (46,119 )   —   (44,903 )   44,903   (46,119 ) Retained (deficit) earnings (973,638 )   (10,006 )   (159,542 )   169,548   (973,638 ) Total stockholders' equity 2,220,789   12,816   38,929   (51,745 )   2,220,789   Total liabilities and stockholders' equity $ 3,500,570   $ 358,745   $ 39,054   $ (395,710 )   $ 3,502,659 CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)   December 31, 2015   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated Assets                   Current assets:                   Cash and cash equivalents $ 112,494   $ 479   $ 1   $ —   $ 112,974 Accounts receivable - oil and gas 72,241   54   —   (423 )   71,872 Accounts receivable - related parties 16   —   —   —   16 Accounts receivable - intercompany 326,475   60   —   (326,535 )   — Prepaid expenses and other current assets 3,905   —   —   —   3,905 Short-term derivative instruments 142,794   —   —   —   142,794 Total current assets 657,925   593   1   (326,958 )   331,561                     Property and equipment:                   Oil and natural gas properties, full-cost accounting, 5,108,258   316,813   —   (729 )   5,424,342 Other property and equipment 33,128   43   —   —   33,171 Accumulated depletion, depreciation, amortization and impairment (2,829,081 )   (29 )   —   —   (2,829,110 ) Property and equipment, net 2,312,305   316,827   —   (729 )   2,628,403 Other assets:                   Equity investments 231,892   —   50,644   (40,143 )   242,393 Long-term derivative instruments 51,088   —   —   —   51,088 Deferred tax assets 74,925   —   —   —   74,925 Other assets 6,364   —   —   —   6,364 Total other assets 364,269   —   50,644   (40,143 )   374,770   Total assets $ 3,334,499   $ 317,420   $ 50,645   $ (367,830 )   $ 3,334,734                     Liabilities and Stockholders' Equity                   Current liabilities:                   Accounts payable and accrued liabilities $ 264,893   $ 527   $ —   $ (292 )   $ 265,128 Accounts payable - intercompany —   326,541   124   (326,665 )   — Asset retirement obligation - current 75   — — —   —   75 Short-term derivative instruments 437   —   —   —   437 Deferred tax liability 50,697   —   —   —   50,697 Current maturities of long-term debt 179   —   —   —   179 Total current liabilities 316,281   327,068   124   (326,957 )   316,516                     Long-term derivative instrument 6,935   —   —   —   6,935 Asset retirement obligation - long-term 26,362   —   —   —   26,362 Long-term debt, net of current maturities 946,084   —   —   —   946,084 Total liabilities 1,295,662   327,068   124   (326,957 )   1,295,897                     Stockholders' equity:                   Common stock 1,082   —   —   —   1,082 Paid-in capital 2,824,303   322   241,553   (241,875 )   2,824,303 Accumulated other comprehensive (loss) income (55,177 )   —   (55,177 )   55,177   (55,177 ) Retained (deficit) earnings (731,371 )   (9,970 )   (135,855 )   145,825   (731,371 ) Total stockholders' equity 2,038,837   (9,648 )   50,521   (40,873 )   2,038,837   Total liabilities and stockholders' equity $ 3,334,499   $ 317,420   $ 50,645   $ (367,830 )   $ 3,334,734
Condensed Consolidating Statements of Operations	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)   Three months ended March 31, 2016   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Total revenues $ 156,751   $ 212   $ —   $ —   $ 156,963                     Costs and expenses:                   Lease operating expenses 16,472   185   —   —   16,657 Production taxes 3,087   24   —   —   3,111 Midstream gathering and processing 37,623   29   —   —   37,652 Depreciation, depletion, and amortization 65,476   1   —   —   65,477 Impairment of oil and gas properties 218,991   —   —   —   218,991 General and administrative 10,612   6   2   —   10,620 Accretion expense 247   —   —   —   247   352,508   245   2   —   352,755                     LOSS FROM OPERATIONS (195,757 )   (33 )   (2 )   —   (195,792 )                     OTHER (INCOME) EXPENSE:                   Interest expense 16,022   1   —   —   16,023 Interest income (94 )   —   —   —   (94 ) Loss (income) from equity method investments and investments in subsidiaries 30,773   —   23,685   (23,721 )   30,737   46,701   1   23,685   (23,721 )   46,666                     (LOSS) INCOME BEFORE INCOME TAXES (242,458 )   (34 )   (23,687 )   23,721   (242,458 ) INCOME TAX BENEFIT (191 )         (191 )                     NET (LOSS) INCOME $ (242,267 )   $ (34 )   $ (23,687 )   $ 23,721   $ (242,267 ) CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)   Three months ended March 31, 2015   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Total revenues $ 175,832   $ 485   $ —   $ —   $ 176,317                     Costs and expenses:                   Lease operating expenses 16,787   193   —   —   16,980 Production taxes 4,253   32   —   —   4,285 Midstream gathering and processing 25,374   7   —   —   25,381 Depreciation, depletion, and amortization 89,908   1   —   —   89,909 General and administrative 10,761   36   2   —   10,799 Accretion expense 190   —   —   —   190   147,273   269   2   —   147,544                     INCOME (LOSS) FROM OPERATIONS 28,559   216   (2 )   —   28,773                     OTHER (INCOME) EXPENSE:                   Interest expense 8,759   —   —   —   8,759 Interest income (9 )   —   —   —   (9 ) (Income) loss from equity method investments and investments in subsidiaries (20,189 )   —   4,142   (3,928 )   (19,975 )   (11,439 )   —   4,142   (3,928 )   (11,225 )                     INCOME (LOSS) BEFORE INCOME TAXES 39,998   216   (4,144 )   3,928   39,998 INCOME TAX EXPENSE 14,479   —   —   —   14,479                     NET INCOME (LOSS) $ 25,519   $ 216   $ (4,144 )   $ 3,928   $ 25,519
Condensed Consolidating Statements of Comprehensive Income (Loss)	CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Amounts in thousands)   Three months ended March 31, 2016   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net (loss) income $ (242,267 )   $ (34 )   $ (23,687 )   $ 23,721   $ (242,267 ) Foreign currency translation adjustment 9,058   —   10,273   (10,273 )   9,058 Other comprehensive income (loss) 9,058   —   10,273   (10,273 )   9,058 Comprehensive (loss) income $ (233,209 )   $ (34 )   $ (13,414 )   $ 13,448   $ (233,209 )   Three months ended March 31, 2015   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated     Net income (loss) $ 25,519   $ 216   $ (4,144 )   $ 3,928   $ 25,519 Foreign currency translation adjustment (14,984 )   —   (14,984 )   14,984   (14,984 ) Other comprehensive (loss) income (14,984 )   —   (14,984 )   14,984   (14,984 ) Comprehensive income (loss) $ 10,535   $ 216   $ (19,128 )   $ 18,912   $ 10,535
Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Amounts in thousands)   Three months ended March 31, 2016   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net cash provided by (used in) operating activities $ 83,620   $ 155   $ (1 )   $ —   $ 83,774                     Net cash (used in) provided by investing activities (157,529 )   (22,500 )   (1,821 )   24,321   (157,529 )                     Net cash provided by (used in) financing activities 415,158   22,500   1,821   (24,321 )   415,158                     Net increase (decrease) in cash and cash equivalents 341,249   155   (1 )   —   341,403                     Cash and cash equivalents at beginning of period 112,494   479   1   —   112,974                     Cash and cash equivalents at end of period $ 453,743   $ 634   $ —   $ —   $ 454,377   Three months ended March 31, 2015   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net cash provided by operating activities $ 95,879   $ 3,158   $ —   $ —   $ 99,037                     Net cash (used in) provided by investing activities (228,601 )   (2,890 )   (6,093 )   6,093   (231,491 )                     Net cash provided by (used in) financing activities 64,854   —   6,093   (6,093 )   64,854                     Net (decrease) increase in cash and cash equivalents (67,868 )   268   —   —   (67,600 )                     Cash and cash equivalents at beginning of period 141,535   804   1   —   142,340                     Cash and cash equivalents at end of period $ 73,667   $ 1,072   $ 1   $ —   $ 74,740