Properties and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

Schedule of properties and equipment, net

Properties and equipment, net are comprised of the following:

(In thousands)	June 30, 2017			December 31, 2016
Proved oil and gas properties	$	6,801,380		$	7,437,604
Unproved oil and gas properties	291,250			260,543
Gathering and pipeline systems	1,569			187,846
Land, building and other equipment	84,680			84,462
	7,178,879			7,970,455
Accumulated depreciation, depletion and amortization	(2,975,894		)	(3,720,330		)
	$	4,202,985		$	4,250,125

Summary of assets held for sale

The Company expects to close this transaction in the third quarter of 2017.

Balance sheet data related to the assets held for sale is as follows:

(In thousands)	June 30, 2017
ASSETS
Inventories	$	2,228
Properties and equipment, net	104,518
Deferred income taxes	6,803
	113,549
LIABILITIES
Asset retirement obligations	75,693
	75,693
Net assets	$	37,856