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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (417,124) $ (113,891) $ 104,468
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation, depletion and amortization 590,128 622,211 632,760
Impairment of oil and gas properties and other assets 435,619 114,875 771,037
Deferred income tax benefit (230,707) (72,968) (112,567)
(Gain) loss on sale of assets 1,857 (3,866) (17,120)
Exploratory dry hole cost 10,120 3,452 7,907
(Gain) loss on derivative instruments 38,950 (56,686) (219,319)
Net cash received (paid) in settlement of derivative instruments (1,682) 194,289 81,716
(Earnings) loss on equity method investments 2,477 (6,415) (3,080)
Amortization of debt issuance costs 5,083 4,454 4,754
Stock-based compensation and other 25,982 13,645 21,429
Changes in assets and liabilities:      
Accounts receivable, net (71,060) 112,406 (11,689)
Income taxes (5,975) (711) (34,282)
Inventories 3,044 (3,023) 3,441
Other current assets (21) (817) 733
Accounts payable and accrued liabilities 5,794 (64,078) (7,583)
Interest payable (2,573) (455) 10,466
Other assets and liabilities 2,465 (1,685) 1,989
Stock-based compensation tax benefit 0 0 1,375
Net cash provided by operating activities 392,377 740,737 1,236,435
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (375,153) (955,602) (1,479,632)
Acquisitions 0 (16,312) (214,737)
Proceeds from sale of assets 50,419 7,653 39,492
Restricted cash 0 0 28,094
Investment in equity method investments (28,484) (29,073) (38,057)
Net cash used in investing activities (353,218) (993,334) (1,664,840)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings from debt 90,000 877,000 2,032,000
Repayments of debt (587,000) (604,000) (1,427,000)
Treasury stock repurchases 0 0 (138,852)
Sale of common stock, net 995,279 0 0
Dividends paid (36,187) (33,090) (33,278)
Stock-based compensation tax benefit 0 0 (1,375)
Capitalized debt issuance costs (3,223) (7,838) (5,626)
Other 0 85 90
Net cash provided by financing activities 458,869 232,157 425,959
Net increase (decrease) in cash and cash equivalents 498,028 (20,440) (2,446)
Cash and cash equivalents, beginning of period 514 20,954 23,400
Cash and cash equivalents, end of period $ 498,542 $ 514 $ 20,954