Income Tax (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Segregation of Income Tax Provision Based on Location of Operations

	For the Year Ended December 31,
	2018		2017		2016
Current
Federal	$	—	$	—	$	—
State		—		—		6
Total current		—		—		6
Deferred
Federal		—		—		—
State		—		—		540
Total deferred		—		—		540
Total income tax expense (benefit)	$	—	$	—	$	546

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,
	2018			2017			2016
Income (loss) before income taxes	$	18,826		$	8,525		$	(206,189	)
Statutory rate		21	%		35	%		35	%
Income tax benefit computed at statutory rate		3,953			2,984			(72,166	)
Reconciling items:
State income taxes		—			—			546
Other, net		54			50			854
Share-based compensation		1,201			(576	)		—
Executive compensation limitation		268			496			—
Change in valuation allowance		(5,476	)		(145,449	)		71,312
Change in Federal tax rate		—			142,495			—
Income tax expense (benefit)	$	—		$	—		$	546

Components of Deferred Tax Assets and Liabilities

The components of the Company’s deferred taxes are detailed in the table below (in thousands):

	For the Year Ended December 31,
	2018			2017			2016
Deferred tax asset:
Oil and gas properties and equipment	$	62,616		$	93,854		$	193,095
Federal tax loss carryforwards		140,059			114,652			145,628
Derivative instruments and other		—			1,064			16,829
State effect of deferreds		—			—			—
Other, net		7,398			4,639			4,259
Deferred tax asset		210,073			214,209			359,811
Valuation allowance		(208,324	)		(213,800	)		(359,098	)
Net deferred tax assets	$	1,749		$	409		$	713
Deferred tax liability:
Derivative instruments and other	$	1,197		$	—		$	—
Other, net		552			409			713
Net deferred tax liability	$	1,749		$	409		$	713
Reflected in the accompanying consolidated balance    sheet as:
Net deferred tax asset	$	—		$	—		$	—
Net deferred tax liability	$	—		$	—		$	—