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CONSOLIDATED STATEMENTS 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) $ (292,151) $ (98,196) $ 43,881
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Depreciation, depletion and amortization 145,614 162,262 154,356
Impairment of property and equipment 7,593 41,917 12,027
Abandonments and impairments 3,536 6,509 20,647
(Gain) loss on sales of assets and impairment of inventory, net (118,786) 3,018 (9,138)
Deferred income tax expense (benefit) (32,400) (55,218) 24,460
Non-cash employee compensation (6,019) (2,674) 1,397
(Gain) loss on commodity derivatives 20,289 (12,519) (4,789)
Cash settlements of commodity derivatives (7,394) 12,519 7,099
Loss on change in fair value of common stock warrants 229,980 0 0
Accretion of asset retirement obligations 4,364 3,945 3,662
Amortization of debt issue costs and original issue discount 7,106 3,246 3,030
Gain on early extinguishment of long-term debt (3,967) 0 0
Amortization of deferred revenue from volumetric production payment (1,479) (6,822) (7,708)
Paid in-kind interest expense 27,196 0 0
Impairment of investment and other 8,751 1,542 0
Changes in operating working capital:      
Accounts receivable (2,577) 30,817 5,255
Accounts payable 10,657 (35,860) 4,561
Other 10,414 (2,327) (619)
Net cash provided by operating activities 10,727 52,159 258,121
CASH FLOWS FROM INVESTING ACTIVITIES      
Additions to property and equipment (111,541) (179,827) (422,473)
Termination of volumetric production payment 0 (13,703) 0
Proceeds from sales of assets 423,905 71,460 104,529
(Increase) decrease in equipment inventory 1,414 1,733 (1,886)
Proceeds from volumetric production payment and other (551) 2,942 833
Net cash provided by (used in) investing activities 313,227 (117,395) (318,997)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from long-term debt 343,237 45,000 102,139
Net repayments of Senior Notes (95,001) 0 0
Repayments of long-term debt (160,000) 0 (40,000)
Payment of debt issuance costs (11,048) 0 0
Proceeds from sale of common stock 147,340 0 0
Proceeds from issuance of common stock warrants 16,763 0 0
Proceeds from exercise of stock options 0 0 130
Net cash provided by financing activities 241,291 45,000 62,269
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 565,245 (20,236) 1,393
CASH AND CASH EQUIVALENTS      
Beginning of period 7,780 28,016 26,623
End of period 573,025 7,780 28,016
SUPPLEMENTAL DISCLOSURES      
Cash paid for interest, net of amounts capitalized 49,451 51,293 47,817
Cash paid for income taxes $ 135 $ 0 $ 1,600