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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities: $ (71,302) $ 23,683
Net income (loss) (71,302) 23,683
Adjustments to net income (loss) to reconcile to net cash provided by operating activities:    
Net change in fair value of unsettled derivatives 21,322 (34,323)
Depreciation, depletion and amortization 206,873 151,293
Impairment of crude oil and natural gas properties 158,792 4,054
Accretion of asset retirement obligation 4,742 2,582
Stock-based compensation 14,278 13,111
Gain (loss) on sale of properties and equipment (302) 384
Amortization of debt discount and issuance costs 5,308 5,206
Deferred income taxes (44,770) 14,981
Non-cash interest income (3,624) 0
Other 2,241 (759)
Changes in assets and liabilities (10,552) 21,753
Net cash from operating activities 283,006 201,965
Cash flows from investing activities:    
Capital expenditures (489,036) (451,081)
Proceeds from sale of properties and equipment 319 1,587
Net cash from investing activities (488,717) (449,494)
Cash flows from financing activities:    
Proceeds from revolving credit facility 325,000 136,750
Repayment of revolving credit facility (331,000) (61,000)
Proceeds from sale of common stock, net of issuance costs 202,851 0
Other (3,516) (2,726)
Net cash from financing activities 193,335 73,024
Net change in cash and cash equivalents (12,376) (174,505)
Cash and cash equivalents, beginning of period 16,066 193,243
Cash and cash equivalents, end of period 3,690 18,738
Cash payments (receipts) for:    
Interest, net of capitalized interest 23,467 24,933
Income taxes 9,936 1,800
Non-cash investing and financing activities:    
Change in accounts payable related to purchases of properties and equipment (68,529) 19,320
Change in asset retirement obligation, with a corresponding change to natural gas and crude oil properties, net of disposals 1,642 500
Purchase of properties and equipment under capital leases $ 1,479 $ 0