XML 76 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:          
Net income (loss) $ (97,855) $ 59,069 $ (62,868) $ (208,087) $ (646,685)
Adjustments to reconcile net income (loss) to net cash provided by operating activities          
Depreciation, depletion, amortization and accretion expense 131,018 86,597 176,647 146,518 232,084
Amortization of deferred financing costs and original issue discount 2,607 1,629 2,383 5,996 4,955
Equity based compensation, net of amounts capitalized 1,559 495 875 1,083 1,719
Price risk management activities (income) expense 143,152 [1] (84,888) [1] 27,563 [2] 57,398 [2] (182,196) [2]
Net cash receipts (payments) on settled derivative instruments (54,056) 13,668 23,834 172,182 181,927
Settlement of asset retirement obligations (43,896) (10,915) (32,573) (23,689) (79,798)
Changes in operating assets and liabilities:          
Accounts receivable 19,462 27,814 (9,132) (20,096) 32,231
Other current assets (13,576) 1,127 (4,441) (3,040) 9,244
Accounts payable (53,126) 10,885 2,409 (68,042) (77,022)
Other current liabilities 52,543 (16,961) 46,364 51,240 55,659
Other non-current assets and liabilities, net 19,279 (3,257) 4,732 4,442 754
Net cash provided by operating activities 107,111 85,263 176,053 116,123 138,366
Write-down of oil and natural gas properties under ceiling test 0 0 603,388
Impairment     260 218 2,106
Net cash provided by operating activities 107,111 85,263 176,053 116,123 138,366
Cash flows from investing activities:          
Exploration, development, and other capital expenditures (140,968) (62,535) (155,177) (113,032) (245,716)
Cash paid for acquisitions, net of cash acquired 293,001 (2,244) (2,464) (85,886) (39,423)
Net cash provided by (used in) investing activities 152,033 (64,779) (157,641) (198,918) (285,139)
Cash flows from financing activities:          
Proceeds from Bank Credit Facility 294,000 10,000 10,000 15,000 120,000
Repayment of Bank Credit Facility (54,000) (15,000) (15,000) (10,000) (30,000)
Deferred financing costs (17,469)       (269)
Payments of capital lease (6,958) (5,870) (12,412) (5,267)  
Net cash provided by (used in) financing activities (212,473) (11,870) (18,412) 91,624 108,231
Redemption of Senior Notes and other long-term debt (25,046) (1,000) (1,000)    
Contributions from Sponsors       93,750 75,000
Distributions to subsidiaries       (1,859) (1,500)
Net increase (decrease) in cash, cash equivalents and restricted cash 46,671 8,614   8,829 (38,542)
Cash, cash equivalents and restricted cash:          
Balance, beginning of period 33,433 33,433 33,433 24,604 63,146
Balance, end of period 80,104 42,047 33,433 33,433 24,604
Supplemental Non-Cash Transactions:          
Capital expenditures included in accounts payable and accrued liabilities 38,205 30,712 40,626,000 13,832,000 30,125,000
Supplemental Cash Flow Information:          
Interest paid, net of amounts capitalized 23,635 25,405 $ 47,994,000 $ 55,254,000 37,247,000
Old Bank Credit Facility          
Cash flows from financing activities:          
Proceeds from Bank Credit Facility   10,000      
Repayment of Bank Credit Facility $ (403,000) $ (15,000)      
GCER Bank Credit Facility          
Cash flows from financing activities:          
Repayment of Bank Credit Facility         $ (55,000)
[1] The Company paid $33.6 million and received $9.2 million in net cash settlements for the three months ended June 30, 2018 and 2017, respectively, and paid $54.1 million and received $13.7 million in net cash settlements for the six months ended June 30, 2018 and 2017, respectively.
[2] The Company received net cash settlements of $23.8 million, $172.2 million and $181.9 million for the years ended December 31, 2017, 2016 and 2015, respectively.