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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
2 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2016
Oct. 20, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income (loss) $ 9,930      
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:        
Asset retirement accretion 210      
Depreciation, depletion, and amortization 12,974      
Share-based compensation, net of amounts capitalized to oil and gas properties 2,909      
Amortization of deferred financing costs and write-off of debt issuance costs 63      
Change in operating assets and liabilities:        
Accounts receivable - oil and gas sales (115)      
Accounts receivable - JIB and other (1,812)      
Other current and noncurrent assets 1,783      
Accounts payable (1,555)      
Accrued liabilities (740)      
Other (3)      
Net cash provided by operating activities 23,644      
CASH FLOWS FROM INVESTING ACTIVITIES:        
Investment in property and equipment (23,346)      
Net cash used in investing activities (23,346)      
CASH FLOWS FROM FINANCING ACTIVITIES:        
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 298      
Cash and cash equivalents, beginning of period 76,540      
Cash and cash equivalents, end of period 76,838 $ 76,540    
Predecessor        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income (loss)   1,323,079 $ (1,797,195) $ 116,929
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:        
(Gains) losses on commodity derivative contracts - net     (40,960) (139,189)
Net cash received (paid) for commodity derivative contracts not designated as hedging instruments     167,669 (18,332)
Asset retirement accretion   1,414 1,610 1,706
Depreciation, depletion, and amortization   62,302 198,643 269,935
Impairment in carrying value of oil and gas properties   232,108 1,625,776 86,471
Share-based compensation, net of amounts capitalized to oil and gas properties   2,564 4,408 8,618
Deferred income taxes     (9,641) 5,586
Amortization of deferred financing costs and write-off of debt issuance costs   4,587 11,316 7,857
Paid in kind interest expense   3,531 6,415  
Amortization of deferred gain on debt restructuring   (8,246) (14,948)  
Operating lease abandonment   1,574    
Non-cash reorganization items   (1,630,873)    
Transaction costs for debt restructuring     34,398  
Change in operating assets and liabilities:        
Accounts receivable - oil and gas sales   (2,391) 26,437 33,322
Accounts receivable - JIB and other   22,002 22,833 (18,897)
Other current and noncurrent assets   (5,868) 590 3,191
Accounts payable   1,797 (4,176) 2,327
Accrued liabilities   55,160 (20,887) (7,733)
Other   (743) 1,095 (247)
Net cash provided by operating activities   61,997 213,383 351,544
CASH FLOWS FROM INVESTING ACTIVITIES:        
Investment in property and equipment   (133,307) (336,922) (556,397)
Proceeds from the sale of oil and gas properties     42,366 152,133
Net cash used in investing activities   (133,307) (294,556) (404,264)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from long-term borrowings     625,000  
Proceeds from revolving credit facility   249,384 33,000 165,000
Repayment of long-term borrowings   (60,000)    
Repayment of revolving credit facility   (121,324) (468,150) (131,000)
Deferred financing costs   (1,250) (4,254) (958)
Transaction costs for debt restructuring     (34,398)  
Acquisition of treasury stock   (53) (489) (1,928)
Net cash provided by financing activities   66,757 150,709 31,114
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS   (4,553) 69,536 (21,606)
Cash and cash equivalents, beginning of period $ 76,540 81,093 11,557 33,163
Cash and cash equivalents, end of period   $ 76,540 $ 81,093 $ 11,557