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CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (73,031) $ 56,722 $ 27,510
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 178,281 94,297 28,152
Exploration costs 7,310 742  
Impairment 950    
Inventory write down 4,147    
Accretion of asset retirement obligations 826 512 181
(Gain) loss on sale of oil and natural gas properties 32,404 2,097 (36)
Loss on sale of other property and equipment 1,970    
Amortization and write off of deferred loan origination costs 2,702 2,327 1,225
Amortization of bond premium (764) (574)  
Interest not paid in cash   234 2,597
Income tax (benefit) expense (23,755) 36,468 1,906
Stock based compensation expense 8,133 53,297 1,233
Derivative (income) loss (60,818) (83,858) 9,800
Net cash received (paid) for derivative settlements 43,767 3,311 (198)
Net cash received (paid) for option premiums 40,656 193 (16,342)
Net premiums received (paid) on options that settled during the period 11,406 (2,308) (6,928)
Changes in operating assets and liabilities, net of acquisitions:      
Restricted cash (1,139)    
Accounts receivable 24,103 45,372 (77,086)
Accounts receivable—related parties 3,675 (3,055) (621)
Materials and supplies 3,767 (689) (867)
Other current assets (22,793) 2,229 6,118
Other noncurrent assets (588) (535) (184)
Accounts payable and accrued expenses (7,287) (32,121) 57,532
Revenue and severance taxes payable (1,257) 9,947 19,243
Other noncurrent liabilities (375) 375  
Net cash provided by operating activities 172,290 184,983 53,235
CASH FLOWS FROM INVESTING ACTIVITIES:      
Development of oil and natural gas properties (382,550) (477,681) (209,859)
Acquisitions of oil and natural gas properties (73,807) (762,244) (208,381)
Acquisition of Pacesetter (2,408)    
Additions to other property and equipment (19,755) (7,924) (8,121)
Proceeds from sale of oil and natural gas properties 50,138 172 750
Proceeds from sale of other property and equipment 1,217    
Net cash used in investing activities (427,165) (1,247,677) (425,611)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under long-term debt 105,000 946,140 561,218
Payments on long-term debt (225,794) (700,766) (254,100)
Debt issue costs (1,138) (12,547) (2,294)
Proceeds from issuance of common stock, net 669,418 867,750  
Purchases of restricted stock (71)    
Vesting of restricted stock (6)    
Payment of Preferred Return   (6,726)  
Proceeds from issuance of LLC interests     73,540
Equity issue costs     (268)
Net cash provided by financing activities 547,409 1,093,851 378,096
Net increase in cash and cash equivalents 292,534 31,157 5,720
Cash and cash equivalents at beginning of year 50,550 19,393 13,673
Cash and cash equivalents at end of year 343,084 50,550 19,393
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for interest 43,993 27,252 13,555
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:      
Asset retirement obligations incurred, including changes in estimate 3,441 7,498 6,238
Additions to oil and natural gas properties - change in capital accruals 18,300 13,658 $ 58,540
Additions to other property and equipment funded by capital lease borrowings $ 939 $ 2,263