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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (758,566) $ 1,160
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss on sale of oil and gas properties 111,778  
Deferred income taxes (146,118) 1,487
Leasehold impairments, dry hole costs and other exploration costs 70,309 11,449
Impairment of oil and gas properties 547,101 271
Depreciation, depletion and amortization 261,907 283,390
(Gain) loss on derivative financial instruments (1,705) 2,763
Settlements of derivative financial instruments 391 (5,702)
Net gain on extinguishment of debt (55,586)  
Amortization of debt discount, premium and issuance costs 3,952 3,140
Stock-based compensation 6,061 7,842
Excess income taxes from stock-based compensation 1,943 1,087
(Increase) decrease in accounts receivable 25,277 (20,257)
(Increase) decrease in other current assets 7,292 (1,561)
Increase (decrease) in accounts payable and accrued liabilities (50,560) 43,914
Net cash provided by operating activities 23,476 328,983
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (232,896) (502,362)
Proceeds from asset sales 102,674  
Net cash used for investing activities (130,222) (502,362)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings 790,000 300,750
Principal payments on debt (502,815) (100,000)
Debt issuance costs (16,201) (2,524)
Tax withholdings related to restricted stock (526) (2,349)
Excess income taxes from stock-based compensation (1,943) (1,087)
Dividends paid   (17,945)
Net cash provided by financing activities 268,515 176,845
Net increase in cash and cash equivalents 161,769 3,466
Cash and cash equivalents, beginning of period 2,071 2,967
Cash and cash equivalents, end of period $ 163,840 $ 6,433