Condensed Consolidating Financial Information (Tables)

v2.4.0.8

Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Jun. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)   June 30, 2014   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated Assets                   Current assets:                   Cash and cash equivalents $ 72,921   $ 2,371   $ 1   $ —   $ 75,293 Accounts receivable - oil and gas 102,136   5,319   —   —   107,455 Accounts receivable - related parties 127   —   —   —   127 Accounts receivable - intercompany 24,774   27   —   (24,801 )   — Prepaid expenses and other current assets 3,575   —   —   —   3,575 Deferred tax asset 7,661   —   —   —   7,661 Note receivable - related party 875   —   —   —   875 Total current assets 212,069   7,717   1   (24,801 )   194,986 Property and equipment:                   Oil and natural gas properties, full-cost accounting 3,191,073   11,029   —   (573 )   3,201,529 Other property and equipment 12,575   30   —   —   12,605 Accumulated depletion, depreciation, amortization and impairment (897,530 )   (23 )   —   —   (897,553 ) Property and equipment, net 2,306,118   11,036   —   (573 )   2,316,581 Other assets:                   Equity investments and investments in subsidiaries 494,342   —   203,351   (196,257 )   501,436 Derivative instruments 784   —   —   —   784 Other assets 17,985   —   —   —   17,985 Total other assets 513,111   —   203,351   (196,257 )   520,205   Total assets $ 3,031,298   $ 18,753   $ 203,352   $ (221,631 )   $ 3,031,772                     Liabilities and Stockholders' Equity                   Current liabilities:                   Accounts payable and accrued liabilities $ 286,984   $ 474   $ —   $ —   $ 287,458 Accounts payable - intercompany —   24,696   105   (24,801 )   — Asset retirement obligation - current 795   —   —   —   795 Short-term derivative instruments 24,532   —   —   —   24,532 Current maturities of long-term debt 163   —   —   —   163 Total current liabilities 312,474   25,170   105   (24,801 )   312,948 Long-term derivative instrument 5,487   —   —   —   5,487 Asset retirement obligation - long-term 15,181   —   —   —   15,181 Deferred tax liability 170,559   —   —   —   170,559 Long-term debt, net of current maturities 339,098   —   —   —   339,098 Total liabilities 842,799   25,170   105   (24,801 )   843,273                     Stockholders' equity:                   Common stock 854   —   —   —   854 Paid-in capital 1,821,368   322   224,849   (225,171 )   1,821,368 Accumulated other comprehensive income (loss) (10,243 )   —   (10,243 )   10,243   (10,243 ) Retained earnings (accumulated deficit) 376,520   (6,739 )   (11,359 )   18,098   376,520 Total stockholders' equity 2,188,499   (6,417 )   203,247   (196,830 )   2,188,499   Total liabilities and stockholders' equity $ 3,031,298   $ 18,753   $ 203,352   $ (221,631 )   $ 3,031,772 CONDENSED CONSOLIDATING BALANCE SHEETS (Amounts in thousands)   December 31, 2013   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated Assets                   Current assets:                   Cash and cash equivalents $ 451,431   $ 7,525   $ —   $ —   $ 458,956 Accounts receivable - oil and gas 58,662   162   —   —   58,824 Accounts receivable - related parties 2,617   —   —   —   2,617 Accounts receivable - intercompany 21,379   27   —   (21,406 )   — Prepaid expenses and other current assets 2,581   —   —   —   2,581 Deferred tax asset 6,927   —   —   —   6,927 Short-term derivative instruments 324   —   —   —   324 Note receivable - related party 875   —   —   —   875 Total current assets 544,796   7,714   —   (21,406 )   531,104                     Property and equipment:                   Oil and natural gas properties, full-cost accounting, 2,470,411   7,340   —   (573 )   2,477,178 Other property and equipment 11,102   29   —   —   11,131 Accumulated depletion, depreciation, amortization and impairment (784,695 )   (22 )   —   —   (784,717 ) Property and equipment, net 1,696,818   7,347   —   (573 )   1,703,592 Other assets:                   Equity investments and investments in subsidiaries 432,727   —   191,473   (184,132 )   440,068 Derivative instruments 521   —   —   —   521 Other assets 17,851   —   —   —   17,851 Total other assets 451,099   —   191,473   (184,132 )   458,440   Total assets $ 2,692,713   $ 15,061   $ 191,473   $ (206,111 )   $ 2,693,136                     Liabilities and Stockholders' Equity                   Current liabilities:                   Accounts payable and accrued liabilities $ 190,284   $ 423   $ —   $ —   $ 190,707 Accounts payable - intercompany —   21,296   110   (21,406 )   — Asset retirement obligation - current 795   —   —   —   795 Short-term derivative instruments 12,280   —   —   —   12,280 Current maturities of long-term debt 159   —   —   —   159 Total current liabilities 203,518   21,719   110   (21,406 )   203,941                     Long-term derivative instrument 11,366   —   —   —   11,366 Asset retirement obligation - long-term 14,288   —   —   —   14,288 Deferred tax liability 114,275   —   —   —   114,275 Long-term debt, net of current maturities 299,028   —   —   —   299,028 Total liabilities 642,475   21,719   110   (21,406 )   642,898                     Stockholders' equity:                   Common stock 851   —   —   —   851 Paid-in capital 1,813,058   322   208,277   (208,599 )   1,813,058 Accumulated other comprehensive income (loss) (9,781 )   —   (9,781 )   9,781   (9,781 ) Retained earnings (accumulated deficit) 246,110   (6,980 )   (7,133 )   14,113   246,110 Total stockholders' equity 2,050,238   (6,658 )   191,363   (184,705 )   2,050,238   Total liabilities and stockholders' equity $ 2,692,713   $ 15,061   $ 191,473   $ (206,111 )   $ 2,693,136
Condensed Consolidating Statements of Operations	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)   Six months ended June 30, 2014   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Total revenues $ 231,864   $ 901   $ —   $ —   $ 232,765                     Costs and expenses:                   Lease operating expenses 23,838   471   —   —   24,309 Production taxes 13,466   92   —   —   13,558 Midstream processing and marketing 18,515   34   —   —   18,549 Depreciation, depletion, and amortization 112,870   1   —   —   112,871 General and administrative 19,834   62   (3 )   —   19,893 Accretion expense 377   —   —   —   377 Gain on sale of assets (11 )   —   —   —   (11 )   188,889   660   (3 )   —   189,546                     INCOME FROM OPERATIONS 42,975   241   3   —   43,219                     OTHER (INCOME) EXPENSE:                   Interest expense 6,287   —   —   —   6,287 Interest income (142 )   —   —   —   (142 ) Litigation settlement 24,000   —   —   —   24,000 (Income) loss from equity method investments and investments in subsidiaries (198,288 )   —   4,229   (3,985 )   (198,044 )   (168,143 )   —   4,229   (3,985 )   (167,899 )                     INCOME (LOSS) BEFORE INCOME TAXES 211,118   241   (4,226 )   3,985   211,118 INCOME TAX EXPENSE 80,708   —   —   —   80,708                     NET INCOME (LOSS) $ 130,410   $ 241   $ (4,226 )   $ 3,985   $ 130,410 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS (Amounts in thousands)   Six months ended June 30, 2013   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Total revenues $ 124,695   $ 739   $ —   $ —   $ 125,434                     Costs and expenses:                   Lease operating expenses 10,712   338   —   —   11,050 Production taxes 13,267   43   —   —   13,310 Midstream processing and marketing 2,310   8   —   —   2,318 Depreciation, depletion, and amortization 51,122   1   —   —   51,123 General and administrative 9,237   72   3   —   9,312 Accretion expense 349   —   —   —   349 Loss on sale of assets 572   —   —   —   572   87,569   462   3   —   88,034                     INCOME (LOSS) FROM OPERATIONS 37,126   277   (3 )   —   37,400                     OTHER (INCOME) EXPENSE:                   Interest expense 6,763   —   —   —   6,763 Interest income (141 )   —   —   —   (141 ) (Income) loss from equity method investments and investments in subsidiaries (111,592 )   —   1,262   (988 )   (111,318 )   (104,970 )   —   1,262   (988 )   (104,696 )                     INCOME (LOSS) BEFORE INCOME TAXES 142,096   277   (1,265 )   988   142,096 INCOME TAX EXPENSE 53,709   —   —   —   53,709                     NET INCOME (LOSS) $ 88,387   $ 277   $ (1,265 )   $ 988   $ 88,387
Condensed Consolidating Statements of Comprehensive Income (Loss)	Six months ended June 30, 2014   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net income (loss) $ 130,410   $ 241   $ (4,226 )   $ 3,985   $ 130,410 Foreign currency translation adjustment (462 )   —   (462 )   462   (462 ) Other comprehensive income (loss) (462 )   —   (462 )   462   (462 ) Comprehensive income (loss) $ 129,948   $ 241   $ (4,688 )   $ 4,447   $ 129,948   Six months ended June 30, 2013   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated     Net income (loss) $ 88,387   $ 277   $ (1,265 )   $ 988   $ 88,387 Foreign currency translation adjustment (9,680 )   —   (9,680 )   9,680   (9,680 ) Change in fair value of derivative instruments, net of taxes (1,074 )   —   —   —   (1,074 ) Reclassification of settled contracts, net of taxes 3,201   —   —   —   3,201 Other comprehensive income (loss) (7,553 )   —   (9,680 )   9,680   (7,553 ) Comprehensive income (loss) $ 80,834   $ 277   $ (10,945 )   $ 10,668   $ 80,834
Condensed Consolidating Statements of Cash Flows	Six months ended June 30, 2014   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net cash provided by operating activities $ 203,057   $ (1,546 )   $ (2 )   $ —   $ 201,509                     Net cash provided by (used in) investing activities (621,155 )   (3,608 )   (16,569 )   16,572   (624,760 )                     Net cash provided by (used in) financing activities 39,588   —   16,572   (16,572 )   39,588                     Net iecrease in cash and cash equivalents (378,510 )   (5,154 )   1   —   (383,663 )                     Cash and cash equivalents at beginning of period 451,431   7,525   —   —   458,956                     Cash and cash equivalents at end of period $ 72,921   $ 2,371   $ 1   $ —   $ 75,293   Six months ended June 30, 2013   Parent   Guarantors   Non-Guarantor   Eliminations   Consolidated                     Net cash provided by (used in) operating activities $ 73,633   $ (88 )   $ —   $ —   $ 73,545                     Net cash provided by (used in) investing activities (383,817 )   (712 )   (15,055 )   15,055   (384,529 )                     Net cash provided by (used in) financing activities 358,281   —   15,055   (15,055 )   358,281                     Net increase (decrease) in cash and cash equivalents 48,097   (800 )   —   —   47,297                     Cash and cash equivalents at beginning of period 165,293   1,795   —   —   167,088                     Cash and cash equivalents at end of period $ 213,390   $ 995   $ —   $ —   $ 214,385