Income Tax (Tables)

12 Months Ended

Dec. 31, 2016

Segregation of Income Tax Provision Based on Location of Operations

	For the Year Ended December 31,
	2016		2015			2014
Current
Federal	$	—	$	—		$	—
State		6		315			132
Total current		6		315			132
Deferred
Federal		—		(72,413	)		71,838
State		540		(348	)		(171	)
Total deferred		540		(72,761	)		71,667
Total income tax expense (benefit)	$	546	$	(72,446	)	$	71,799

Schedule of Effective Income Tax Rate Reconciliation

The Company’s income tax expense differs from the amount derived by applying the statutory federal rate to pretax loss principally due the effect of the following items (in thousands):

	For the Year Ended December 31,
	2016			2015			2014
Loss before income taxes	$	(203,260	)	$	(1,043,856	)	$	(111,377	)
Statutory rate		35	%		35	%		35	%
Income tax benefit computed at statutory rate		(71,141	)		(365,350	)		(38,982	)
Reconciling items:
Non-deductible pre-IPO loss		—			—			13,264
State income taxes		546			(21	)		(39	)
Other, net		854			795			71
Change in tax status		—			—			97,609
Gain on acquisition of Eclipse Operating		—			(141	)		(124	)
Change in valuation allowance		70,287			292,271			—
Income tax expense (benefit)	$	546		$	(72,446	)	$	71,799

Components of Deferred Tax Assets and Liabilities

The components of our deferred taxes are detailed in the table below (in thousands):

	For the Year Ended December 31,
	2016			2015
Deferred tax asset:
Oil and gas properties and equipment	$	193,095		$	235,884
Federal tax loss carryforwards		149,088			65,491
Derivative instruments and other		16,829			—
State effect of deferreds		—			540
Other, net		4,259			3,434
Deferred tax asset		363,271			305,349
Valuation allowance		(362,558	)		(292,271	)
Net deferred tax assets	$	713		$	13,078
Deferred tax liability:
Oil and gas properties and equipment	$	—		$	—
Derivative instruments and other		—			12,054
Other, net		713			484
Net deferred tax liability	$	713		$	12,538
Reflected in the accompanying consolidated balance sheet as:
Net deferred tax asset	$	—		$	540
Net deferred tax liability	$	—		$	—