XML 62 R41.htm IDEA: XBRL DOCUMENT v3.6.0.2
Acquisitions (Details)
$ / shares in Units, $ in Thousands, shares in Millions
3 Months Ended 12 Months Ended
Dec. 21, 2016
USD ($)
shares
Oct. 04, 2016
USD ($)
Oct. 15, 2014
USD ($)
Sep. 24, 2014
USD ($)
a
Dec. 31, 2016
USD ($)
a
$ / shares
Dec. 31, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
a
$ / shares
Dec. 31, 2014
USD ($)
Business Acquisition [Line Items]                
Wells in Progress         $ 235,147 $ 235,147 $ 387,432  
Proved Oil and Gas Property, Successful Effort Method         5,700,418 5,700,418 7,606,405  
Unproved Oil and Gas Property, Successful Effort Method         2,471,947 2,471,947 284,538  
Asset Retirement Obligations, Noncurrent         $ (96,134) $ (96,134) $ (137,284)  
Common Stock, Par or Stated Value Per Share | $ / shares         $ 0.01 $ 0.01 $ 0.01  
Payments to Acquire Oil and Gas Property and Equipment           $ 2,183,790 $ 7,984 $ 544,553
Value of common stock from issuance of private placement for an asset acquisition [1]           $ 437,194 0 $ 0
QStar Acquisition 2016 [Member]                
Business Acquisition [Line Items]                
Wells in Progress $ 21,812              
Proved Oil and Gas Property, Successful Effort Method 61,614              
Unproved Oil and Gas Property, Successful Effort Method 1,537,923              
Oil and Gas Property, Successful Effort Method, Gross 1,621,349              
Working Capital Acquired (9,141)              
Asset Retirement Obligations, Noncurrent (7,641)              
Acquisition of Oil and Gas Property And Equipment, Consideration Transferred $ 1,604,567              
Stock Issued During Period, Shares, Acquisitions | shares 13.4              
Payments to Acquire Oil and Gas Property and Equipment $ 1,167,373              
Value of common stock from issuance of private placement for an asset acquisition [2] 437,194              
Noncash or Part Noncash Acquisition, Value of Assets Acquired $ 1,604,567              
Other Midland Basin Acquisition 2016 [Member]                
Business Acquisition [Line Items]                
Net acres acquired | a         2,900      
Payments to Acquire Oil and Gas Property and Equipment         $ 60,000      
Rocky Mountain Acquisition 2014 [Member]                
Business Acquisition [Line Items]                
Payments to Acquire Oil and Gas Property and Equipment             $ 135,500  
Leasehold Acres Consideration to Acquire Unproved Property | a             7,000  
Gooseneck Second Prospect Acquisition 2014 [Member]                
Business Acquisition [Line Items]                
Payments to Acquire Businesses, Gross     $ 84,836          
Proved Oil and Gas Property, Successful Effort Method     54,612          
Unproved Oil and Gas Property, Successful Effort Method     29,610          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets     84,222          
Working Capital Acquired     2,232          
Asset Retirement Obligations, Noncurrent     (1,618)          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net     $ 84,836          
Gooseneck Prospect Acquisition 2014 [Member]                
Business Acquisition [Line Items]                
Payments to Acquire Businesses, Gross       $ 321,807        
Proved Oil and Gas Property, Successful Effort Method       203,467        
Unproved Oil and Gas Property, Successful Effort Method       126,588        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets       330,055        
Working Capital Acquired       (6,135)        
Asset Retirement Obligations, Noncurrent       (2,113)        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net       $ 321,807        
Net acres acquired | a       61,000        
Rock Oil Acquisition 2016 [Member]                
Business Acquisition [Line Items]                
Payments to Acquire Businesses, Gross   $ 991,038            
Wells in Progress   5,672            
Proved Oil and Gas Property, Successful Effort Method   81,917            
Unproved Oil and Gas Property, Successful Effort Method   913,594            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets   5,338            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets   1,006,521            
Working Capital Acquired   (7,888)            
Asset Retirement Obligations, Noncurrent   (7,595)            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net   $ 991,038            
[1] Refer to Note 3 - Acquisitions, Divestitures, and Assets Held for Sale and Note 15 - Equity for additional discussion.
[2] The Company issued approximately 13.4 million shares of common stock, par value $0.01 per share, in a private placement to the sellers in the QStar Acquisition on December 21, 2016. The equity consideration was valued on this date using Level 1 and Level 2 inputs with a discount applied due to the lack of marketability in the near term in accordance with the Lock-Up and Registration Rights Agreement that prohibits the sale of such stock until no earlier than the 90th day after issuance.