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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities - cash provided by (used in):    
Net income for the period $ 26,933 $ 409,338
Adjustments to reconcile net income to cash provided by operating activities:    
Depletion, depreciation and amortization 102,282 70,427
Unrealized loss (gain) on commodity derivatives 61,539 (8,367)
Deferred gain on sale of liquids gathering system (5,276) (5,276)
Stock compensation 10,122 26,264
Non-cash reorganization items, net   (431,579)
Amortization of deferred financing costs 5,510 2,224
Other 207 (1,060)
Net changes in operating assets and liabilities:    
Accounts receivable 17,738 283
Other current assets 3,783 7,972
Other non-current assets 338 144
Accounts payable (18,525) 30,245
Accrued liabilities (4,116) (3,368)
Production taxes payable 3,696 869
Interest payable (3,647) 32,438
Other long-term obligations (1,647) 3,808
Income taxes payable/receivable 6,844 2,099
Net cash provided by operating activities 205,781 136,461
Investing Activities - cash provided by (used in):    
Oil and gas property expenditures (250,966) (225,057)
Change in capital cost accrual (14,483) 7,740
Inventory (4,140) (2,276)
Purchase of capital assets (2,389) (756)
Net cash used in investing activities (271,978) (220,349)
Financing activities - cash provided by (used in):    
Extinguishment of long-term debt - (chapter 11)   (2,459,000)
Proceeds from issuance of Senior Notes   1,200,000
Deferred financing costs (638) (61,861)
Shares issued, net of transaction costs   573,774
Repurchased shares/net share settlements (2,061) (9,581)
Net cash provided by financing activities 55,301 120,332
(Decrease) increase in cash during the period (10,896) 36,444
Cash, cash equivalents, and restricted cash, beginning of period 18,269 405,049
Cash, cash equivalents and restricted cash, end of period 7,373 441,493
Credit Agreement    
Financing activities - cash provided by (used in):    
Borrowings under Credit / Term Loan Agreement 450,000 144,000
Payments under Credit Agreement $ (392,000) (67,000)
Term Loan Agreement    
Financing activities - cash provided by (used in):    
Borrowings under Credit / Term Loan Agreement   $ 800,000