Income Tax (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Segregation of Income Tax Provision Based on Location of Operations

	For the Year Ended December 31,
	2017		2016		2015
Current
Federal	$	—	$	—	$	—
State		—		6		315
Total current		—		6		315
Deferred
Federal		—		—		(74,133	)
State		—		540		(348	)
Total deferred		—		540		(74,481	)
Total income tax expense (benefit)	$	—	$	546	$	(74,166	)

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,
	2017			2016			2015
Income (loss) before income taxes	$	8,525		$	(206,189	)	$	(1,035,957	)
Statutory rate		35	%		35	%		35	%
Income tax benefit computed at statutory rate		2,984			(72,166	)		(362,585	)
Reconciling items:
State income taxes		—			546			(21	)
Other, net		50			854			795
Gain on acquisition of Eclipse Operating		—			—			(141	)
Share-based compensation		(576	)		—			—
Executive compensation limitation		496			—			—
Change in valuation allowance		(145,449	)		71,312			287,786
Change in Federal tax rate		142,495			—			—
Income tax expense (benefit)	$	—		$	546		$	(74,166	)

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,
	2017			2016			2015
Deferred tax asset:
Oil and gas properties and equipment	$	93,854		$	193,095		$	235,884
Federal tax loss carryforwards		114,652			145,628			61,006
Derivative instruments and other		1,064			16,829			—
State effect of deferreds		—			—			540
Other, net		4,639			4,259			3,434
Deferred tax asset		214,209			359,811			300,864
Valuation allowance		(213,800	)		(359,098	)		(287,786	)
Net deferred tax assets	$	409		$	713		$	13,078
Deferred tax liability:
Derivative instruments and other	$	—		$	—		$	12,054
Other, net		409			713			484
Net deferred tax liability	$	409		$	713		$	12,538
Reflected in the accompanying consolidated balance    sheet as:
Net deferred tax asset	$	—		$	—		$	540
Net deferred tax liability	$	—		$	—		$	—