2016 Q4 Form 10-K Financial Statement

#000148615917000009 Filed on February 23, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4 2015 Q3
Revenue $218.0M $182.1M $197.2M
YoY Change 19.73% -39.24% -46.5%
Cost Of Revenue $58.60M $56.30M $62.40M
YoY Change 4.09% -35.36% -33.55%
Gross Profit $159.4M $125.8M $134.9M
YoY Change 26.71% -40.83% -50.91%
Gross Profit Margin 73.12% 69.1% 68.4%
Selling, General & Admin $40.40M $33.60M $30.80M
YoY Change 20.24% 0.0% -1.28%
% of Gross Profit 25.35% 26.71% 22.83%
Research & Development $600.0K $100.0K $300.0K
YoY Change 500.0% -90.91% -72.73%
% of Gross Profit 0.38% 0.08% 0.22%
Depreciation & Amortization $119.4M $123.9M $123.7M
YoY Change -3.63% 6.08% 15.67%
% of Gross Profit 74.91% 98.49% 91.72%
Operating Expenses $160.4M $157.5M $154.9M
YoY Change 1.84% 3.96% 11.2%
Operating Profit -$1.702M -$53.17M -$19.93M
YoY Change -96.8% -433.87% -114.86%
Interest Expense -$84.60M $62.10M $36.51M
YoY Change -236.23% -76.73% -7.37%
% of Operating Profit
Other Income/Expense, Net $0.00 -$3.300M $67.37M
YoY Change -100.0% 3200.0% 5.32%
Pretax Income -$86.40M $5.700M $47.45M
YoY Change -1615.79% -97.98% -76.05%
Income Tax -$31.70M $1.700M $20.39M
% Of Pretax Income 29.82% 42.98%
Net Earnings -$54.69M $3.968M $27.06M
YoY Change -1478.23% -97.75% -77.75%
Net Earnings / Revenue -25.09% 2.18% 13.72%
Basic Earnings Per Share -$0.25 $0.03 $0.20
Diluted Earnings Per Share -$0.25 $0.03 $0.20
COMMON SHARES
Basic Shares Outstanding 236.4M shares 139.1M shares 137.0M shares
Diluted Shares Outstanding 137.0M shares

Balance Sheet

Concept 2016 Q4 2015 Q4 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.20M $9.700M $12.30M
YoY Change 15.46% -78.82% -81.7%
Cash & Equivalents $11.23M $9.730M $12.27M
Short-Term Investments
Other Short-Term Assets $4.355M $50.00K $1.010M
YoY Change 8610.0% -99.24% -48.78%
Inventory $10.65M $11.07M $12.93M
Prepaid Expenses $7.623M $7.328M $8.517M
Receivables $204.3M $197.4M $102.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $238.5M $365.3M $363.7M
YoY Change -34.7% -47.56% -31.6%
LONG-TERM ASSETS
Property, Plant & Equipment $5.920B $5.218B $5.308B
YoY Change 13.44% 0.61% 8.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.52M $23.34M $53.90M
YoY Change -12.11% 89.24% 5.89%
Total Long-Term Assets $5.940B $5.284B $5.361B
YoY Change 12.41% 1.37% 8.84%
TOTAL ASSETS
Total Short-Term Assets $238.5M $365.3M $363.7M
Total Long-Term Assets $5.940B $5.284B $5.361B
Total Assets $6.179B $5.649B $5.725B
YoY Change 9.37% -4.39% 4.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.645M $9.983M $19.51M
YoY Change -53.47% -52.37% -50.68%
Accrued Expenses $119.2M $167.7M $177.1M
YoY Change -28.92% -59.14% -47.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $381.1M $370.6M $415.9M
YoY Change 2.85% -53.4% -37.88%
LONG-TERM LIABILITIES
Long-Term Debt $2.297B $2.303B $2.380B
YoY Change -0.23% -13.78% -6.67%
Other Long-Term Liabilities $2.918M $3.160M $3.216M
YoY Change -7.66% 49.34% 61.12%
Total Long-Term Liabilities $2.300B $2.306B $2.383B
YoY Change -0.24% -13.73% -6.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $381.1M $370.6M $415.9M
Total Long-Term Liabilities $2.300B $2.306B $2.383B
Total Liabilities $3.255B $3.330B $3.416B
YoY Change -2.24% -17.51% -9.34%
SHAREHOLDERS EQUITY
Retained Earnings $591.5M $834.5M $830.6M
YoY Change -29.12% -4.6% 18.95%
Common Stock $2.348B $1.498B $1.492B
YoY Change 56.67% 48.62% 48.88%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.95M $13.62M $13.44M
YoY Change 17.11% 27.64%
Treasury Stock Shares 856.9K shares 507.9K shares 491.9K shares
Shareholders Equity $2.923B $2.319B $2.309B
YoY Change
Total Liabilities & Shareholders Equity $6.179B $5.649B $5.725B
YoY Change 9.37% -4.39% 4.9%

Cashflow Statement

Concept 2016 Q4 2015 Q4 2015 Q3
OPERATING ACTIVITIES
Net Income -$54.69M $3.968M $27.06M
YoY Change -1478.23% -97.75% -77.75%
Depreciation, Depletion And Amortization $119.4M $123.9M $123.7M
YoY Change -3.63% 6.08% 15.67%
Cash From Operating Activities $104.6M $79.50M $50.40M
YoY Change 31.57% -60.05% -73.08%
INVESTING ACTIVITIES
Capital Expenditures $867.5M $108.1M $153.2M
YoY Change 702.5% -73.08% -60.09%
Acquisitions
YoY Change
Other Investing Activities $8.900M $79.20M $77.40M
YoY Change -88.76% 153.04% -791.07%
Cash From Investing Activities -$858.6M -$28.70M -$75.90M
YoY Change 2891.64% -92.25% -80.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $583.9M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 751.5M -53.20M 24.00M
YoY Change -1512.59% -135.49% -90.32%
NET CHANGE
Cash From Operating Activities 104.6M 79.50M 50.40M
Cash From Investing Activities -858.6M -28.70M -75.90M
Cash From Financing Activities 751.5M -53.20M 24.00M
Net Change In Cash -2.500M -2.400M -1.500M
YoY Change 4.17% -88.84% -103.73%
FREE CASH FLOW
Cash From Operating Activities $104.6M $79.50M $50.40M
Capital Expenditures $867.5M $108.1M $153.2M
Free Cash Flow -$762.9M -$28.60M -$102.8M
YoY Change 2567.48% -85.88% -47.74%

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1496000 USD
CY2015Q4 us-gaap Commitments And Contingencies
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CY2016Q4 us-gaap Commitments And Contingencies
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CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
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0.01
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450000000 shares
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263868000 USD
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0 USD
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CY2015Q4 us-gaap Common Stock Shares Outstanding
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CY2016Q4 us-gaap Common Stock Shares Outstanding
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CY2015Q4 us-gaap Common Stock Value
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CY2016Q4 us-gaap Common Stock Value
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2331000 USD
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10300000 USD
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45605000 USD
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21833000 USD
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17009000 USD
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931575000 USD
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903899000 USD
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CostsAndExpenses
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1018547000 USD
CY2014 us-gaap Costs Incurred Acquisition Of Oil And Gas Properties With Proved Reserves
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37048000 USD
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28737000 USD
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781522000 USD
CY2014 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
30891000 USD
CY2015 us-gaap Costs Incurred Acquisition Of Unproved Oil And Gas Properties
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3226000 USD
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CostsIncurredAcquisitionOfUnprovedOilAndGasProperties
672000 USD
CY2014 us-gaap Costs Incurred Asset Retirement Obligation Incurred
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6278000 USD
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1474000 USD
CY2016 us-gaap Costs Incurred Asset Retirement Obligation Incurred
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26795000 USD
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1437923000 USD
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433735000 USD
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207766000 USD
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3064000 USD
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2369000 USD
CY2016 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
1792000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
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134000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
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CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2014 us-gaap Current Income Tax Expense Benefit
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134000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
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0 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2014 us-gaap Decrease Due To Sales Of Minerals In Place
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251002000 USD
CY2015 us-gaap Decrease Due To Sales Of Minerals In Place
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0 USD
CY2016 us-gaap Decrease Due To Sales Of Minerals In Place
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57770000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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273576000 USD
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33300000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
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307457000 USD
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33881000 USD
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-4447000 USD
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CY2016Q4 us-gaap Deferred Tax Assets Derivative Instruments
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25738000 USD
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134071000 USD
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265212000 USD
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134071000 USD
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0 USD
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121248000 USD
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228279000 USD
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1601000 USD
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1712000 USD
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11222000 USD
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9483000 USD
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4000000 USD
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1344000 USD
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32420000 USD
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412334000 USD
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476331000 USD
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0 USD
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120000 USD
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155473000 USD
CY2016Q4 us-gaap Derivative Assets
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362000 USD
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0 USD
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300000 USD
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2000000 USD
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155473000 USD
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482000 USD
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327011000 USD
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0 USD
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60469000 USD
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11714000 USD
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26728000 USD
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0 USD
CY2015Q4 us-gaap Due From Affiliate Current
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0 USD
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0 USD
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0 USD
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0 USD
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5.09
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0.03
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-0.19
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-1.32
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5.05
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-0.17
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0.20
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0.03
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-1.32
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0.3776
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0.2860
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0.3459
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0.35
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0.35
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0.35
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-0.0005
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-0.0134
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-0.0085
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0.0000
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-0.1017
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-0.0183
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0.0281
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0.0511
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0.0227
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8400000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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8700000 USD
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8300000 USD
CY2015Q4 us-gaap Energy Related Inventory Petroleum
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6152000 USD
CY2016Q4 us-gaap Energy Related Inventory Petroleum
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7086000 USD
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3064000 USD
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2369000 USD
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1785000 USD
CY2015Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0 USD
CY2016Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0 USD
CY2015Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
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0 USD
CY2016Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
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0 USD
CY2016Q4 us-gaap Financing Receivable Recorded Investment Past Due
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0 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
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21656832000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
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8582831000 USD
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Cash Inflows
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9426963000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
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2563062000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Development Costs
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909562000 USD
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784727000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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3188389000 USD
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225662000 USD
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Income Tax Expense
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279345000 USD
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8810955000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Net Cash Flows
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3605090000 USD
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4366234000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
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7094426000 USD
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3842517000 USD
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Production Costs
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3996657000 USD
CY2014Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
4829294000 USD
CY2015Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentAnnualDiscountForEstimatedTimingOfCashFlows
1690760000 USD
CY2016Q4 us-gaap Future Net Cash Flows Relating To Proved Oil And Gas Reserves Ten Percent Annual Discount For Estimated Timing Of Cash Flows
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1883169000 USD
CY2014 us-gaap Gain Loss On Sale Of Property
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186999000 USD
CY2014 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
187000000 USD
CY2015 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
0 USD
CY2015 us-gaap Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
0 USD
CY2016 us-gaap Gain Loss On Sale Of Property
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-1303000 USD
CY2014 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
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4741000 USD
CY2014 us-gaap Gas Gathering Transportation Marketing And Processing Costs
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29133000 USD
CY2015 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
31610000 USD
CY2016 us-gaap Gas Gathering Transportation Marketing And Processing Costs
GasGatheringTransportationMarketingAndProcessingCosts
40366000 USD
CY2014 us-gaap General And Administrative Expense
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92306000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
92498000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
93008000 USD
CY2014 us-gaap Impairment Of Oil And Gas Properties
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47238000 USD
CY2015 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
46109000 USD
CY2016 us-gaap Impairment Of Oil And Gas Properties
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4684000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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814468000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-56371000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-371554000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
307591000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-16123000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-128538000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
285064000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-19730000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-130044000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-374000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
756000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
3133000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
0 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
5734000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
6808000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
22901000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2883000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-8435000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
5329000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
76723000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-71617000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-13839000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-16702000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-108461000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11923000 USD
CY2014 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
-61760000 USD
CY2015 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
150333000 USD
CY2016 us-gaap Increase Decrease In Estimated Future Development Costs
IncreaseDecreaseInEstimatedFutureDevelopmentCosts
69992000 USD
CY2014 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
259592000 USD
CY2015 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
1391358000 USD
CY2016 us-gaap Increase Decrease In Future Income Tax Expense Estimates On Future Cash Flows Related To Proved Oil And Gas Reserves
IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves
202272000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3776000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-6873000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-254000 USD
CY2014 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
6135000 USD
CY2015 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-6489000 USD
CY2016 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
305000 USD
CY2014 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
0 USD
CY2015 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
6500000 USD
CY2016 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
4490000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-114000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
950000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
151000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-139000 USD
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-33000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
10000 USD
CY2014 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3199000 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1828000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
295000 USD
CY2014 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
38035000 USD
CY2015 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
14378000 USD
CY2016 us-gaap Increase Due To Purchases Of Minerals In Place
IncreaseDueToPurchasesOfMineralsInPlace
533505000 USD
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
8800000 USD
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
18600000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
16800000 USD
CY2014 us-gaap Interest Expense
InterestExpense
158390000 USD
CY2015 us-gaap Interest Expense
InterestExpense
149648000 USD
CY2016 us-gaap Interest Expense
InterestExpense
140305000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
150181000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
145333000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
138248000 USD
CY2015Q4 us-gaap Interest Payable Current
InterestPayableCurrent
49413000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
39004000 USD
CY2015Q4 us-gaap Inventory Net
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11072000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
10648000 USD
CY2014 us-gaap Lease Operating Expense
LeaseOperatingExpense
169600000 USD
CY2015 us-gaap Lease Operating Expense
LeaseOperatingExpense
144481000 USD
CY2016 us-gaap Lease Operating Expense
LeaseOperatingExpense
135444000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
3330033000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
3255475000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5649375000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6178632000 USD
CY2015Q4 us-gaap Liabilities Current
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370568000 USD
CY2016Q4 us-gaap Liabilities Current
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381115000 USD
CY2016Q4 us-gaap Liabilities Fair Value Disclosure
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72183000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
10228000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
10228000 USD
CY2016Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
0 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
2302584000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
2297214000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2297200000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2302584000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2297214000 USD
CY2014 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
4647000 USD
CY2015 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
6198000 USD
CY2016 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
9003000 USD
CY2014 us-gaap Natural Gas Midstream Revenue
NaturalGasMidstreamRevenue
11614000 USD
CY2015 us-gaap Natural Gas Midstream Revenue
NaturalGasMidstreamRevenue
23769000 USD
CY2016 us-gaap Natural Gas Midstream Revenue
NaturalGasMidstreamRevenue
35406000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
158846000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
83252000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
844306000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1077452000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-479148000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1070828000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
872516000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
359815000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
228018000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
506877000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-18041000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-53230000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
27055000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
3968000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-40248000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-64455000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-89931000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-33942000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-54688000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-243016000 USD
CY2014 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-588212000 USD
CY2015 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-3201195000 USD
CY2016 us-gaap Net Increase Decrease In Sales And Transfer Prices And Production Costs
NetIncreaseDecreaseInSalesAndTransferPricesAndProductionCosts
-367527000 USD
CY2014 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0 USD
CY2015 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
0 USD
CY2016 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
4000000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
168816000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
57793000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-240721000 USD
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 Segment
CY2015Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
64344000 USD
CY2016Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
40322000 USD
CY2015Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
1428427000 USD
CY2016Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
1886732000 USD
CY2015Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
6284401000 USD
CY2016Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
7296568000 USD
CY2014 us-gaap Oil And Gas Revenue
OilAndGasRevenue
1390228000 USD
CY2015Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
180387000 USD
CY2015Q2 us-gaap Oil And Gas Revenue
OilAndGasRevenue
230046000 USD
CY2015 us-gaap Oil And Gas Revenue
OilAndGasRevenue
789735000 USD
CY2015Q3 us-gaap Oil And Gas Revenue
OilAndGasRevenue
197235000 USD
CY2015Q4 us-gaap Oil And Gas Revenue
OilAndGasRevenue
182067000 USD
CY2016Q1 us-gaap Oil And Gas Revenue
OilAndGasRevenue
130283000 USD
CY2016Q2 us-gaap Oil And Gas Revenue
OilAndGasRevenue
179080000 USD
CY2016Q3 us-gaap Oil And Gas Revenue
OilAndGasRevenue
177311000 USD
CY2016Q4 us-gaap Oil And Gas Revenue
OilAndGasRevenue
217991000 USD
CY2016 us-gaap Oil And Gas Revenue
OilAndGasRevenue
704665000 USD
CY2014 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
1304004000 USD
CY2015 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
721672000 USD
CY2016 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
635505000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
645652000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-33635000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-7437000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-19926000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-53166000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-114164000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-75215000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-28214000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-25702000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1702000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-130833000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
19186000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
5530000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3735000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4986000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4935000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5000000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7200000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
6300000 USD
CY2016Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
411100000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6987000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6215000 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
50000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
4355000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
23343000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20516000 USD
CY2016Q4 us-gaap Other Commitment
OtherCommitment
472236000 USD
CY2016Q4 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
194229000 USD
CY2016Q4 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
62092000 USD
CY2016Q4 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
61653000 USD
CY2016Q4 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
33103000 USD
CY2016Q4 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
57654000 USD
CY2016Q4 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
63505000 USD
CY2015Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
4920000 USD
CY2016Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
3562000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
6500000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
10490000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3160000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2918000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
195000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2935000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
160000 USD
CY2015Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
36570000 USD
CY2016Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
28257000 USD
CY2014 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-6774000 USD
CY2015 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-370410000 USD
CY2016 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-121977000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
99000 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
14632000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9127000 USD
CY2014 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5309000 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2949000 USD
CY2016 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2330000 USD
CY2014 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
46247000 USD
CY2015 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
28817000 USD
CY2016 us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
781522000 USD
CY2014 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
1354281000 USD
CY2015 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
819847000 USD
CY2016 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
426256000 USD
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
7328000 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
7623000 USD
CY2014 us-gaap Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
249926000 USD
CY2015 us-gaap Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
216981000 USD
CY2016 us-gaap Previously Estimated Development Costs Incurred
PreviouslyEstimatedDevelopmentCostsIncurred
91518000 USD
CY2014 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2015 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2016 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
0 USD
CY2014 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
324852000 USD
CY2015 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
1075000 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
12333000 USD
CY2014 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
0 USD
CY2015 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
5548000 USD
CY2016 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
5000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
462800000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
182800000 USD
CY2016Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
583900000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
462833000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
766670000 USD
CY2014 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2015 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
CY2016 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
300000000 USD
CY2014 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
620000000 USD
CY2015 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
630000000 USD
CY2016 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1407000000 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-176000 USD
CY2015 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2014Q1 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
324900000 USD
CY2016Q2 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
12300000 USD
CY2014 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
324852000 USD
CY2015 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
1075000 USD
CY2016 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
12333000 USD
CY2014 us-gaap Production Tax Expense
ProductionTaxExpense
127648000 USD
CY2015 us-gaap Production Tax Expense
ProductionTaxExpense
69584000 USD
CY2016 us-gaap Production Tax Expense
ProductionTaxExpense
56565000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5186786000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5218242000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5919567000 USD
CY2015Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
443265000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
618790000 USD
CY2015Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
80997000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
109059000 USD
CY2015Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
362268000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
509731000 USD
CY2014 us-gaap Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
92596 MBoe
CY2015 us-gaap Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
46640 MBoe
CY2016 us-gaap Proved Developed And Undeveloped Reserve Extension And Discovery Energy
ProvedDevelopedAndUndevelopedReserveExtensionAndDiscoveryEnergy
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CY2013Q4 us-gaap Proved Developed And Undeveloped Reserve Net Energy
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CY2014Q4 us-gaap Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
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CY2015Q4 us-gaap Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
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CY2016Q4 us-gaap Proved Developed And Undeveloped Reserve Net Energy
ProvedDevelopedAndUndevelopedReserveNetEnergy
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CY2014 us-gaap Proved Developed And Undeveloped Reserve Production Energy
ProvedDevelopedAndUndevelopedReserveProductionEnergy
16664 MBoe
CY2015 us-gaap Proved Developed And Undeveloped Reserve Production Energy
ProvedDevelopedAndUndevelopedReserveProductionEnergy
18423 MBoe
CY2016 us-gaap Proved Developed And Undeveloped Reserve Production Energy
ProvedDevelopedAndUndevelopedReserveProductionEnergy
18436 MBoe
CY2014 us-gaap Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
1799 MBoe
CY2015 us-gaap Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
2565 MBoe
CY2016 us-gaap Proved Developed And Undeveloped Reserve Purchase Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservePurchaseOfMineralInPlaceEnergy
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CY2014 us-gaap Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
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CY2015 us-gaap Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
-84635 MBoe
CY2016 us-gaap Proved Developed And Undeveloped Reserve Revision Of Previous Estimate Energy
ProvedDevelopedAndUndevelopedReserveRevisionOfPreviousEstimateEnergy
31136 MBoe
CY2014 us-gaap Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
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CY2014 us-gaap Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
70449 MMcf
CY2015 us-gaap Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
46072 MMcf
CY2015 us-gaap Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
38962 MBbls
CY2016 us-gaap Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
24520 MMcf
CY2016 us-gaap Proved Developed And Undeveloped Reserves Extensions Discoveries And Additions
ProvedDevelopedAndUndevelopedReservesExtensionsDiscoveriesAndAdditions
10790 MBbls
CY2013Q4 us-gaap Proved Developed And Undeveloped Reserves Net
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CY2013Q4 us-gaap Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
175979 MMcf
CY2014Q4 us-gaap Proved Undeveloped Reserve Volume
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108059 MBbls
CY2014Q4 us-gaap Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
106104 MMcf
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ProvedDevelopedAndUndevelopedReservesNet
235399 MBbls
CY2014Q4 us-gaap Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
220120 MMcf
CY2015Q4 us-gaap Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
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CY2015Q4 us-gaap Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
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CY2016Q4 us-gaap Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
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CY2016Q4 us-gaap Proved Developed And Undeveloped Reserves Net
ProvedDevelopedAndUndevelopedReservesNet
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CY2014 us-gaap Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
10691 MMcf
CY2015 us-gaap Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
16090 MBbls
CY2015 us-gaap Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
14001 MMcf
CY2016 us-gaap Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
19573 MMcf
CY2016 us-gaap Proved Developed And Undeveloped Reserves Production
ProvedDevelopedAndUndevelopedReservesProduction
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CY2014 us-gaap Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
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CY2014 us-gaap Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
1546 MBbls
CY2015 us-gaap Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
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CY2015 us-gaap Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
2702 MMcf
CY2016 us-gaap Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
50164 MBbls
CY2016 us-gaap Proved Developed And Undeveloped Reserves Purchases Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesPurchasesOfMineralsInPlace
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CY2014 us-gaap Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-12290 MMcf
CY2014 us-gaap Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-23069 MBbls
CY2015 us-gaap Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-75458 MBbls
CY2015 us-gaap Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
-55065 MMcf
CY2016 us-gaap Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
116539 MMcf
CY2016 us-gaap Proved Developed And Undeveloped Reserves Revisions Of Previous Estimates Increase Decrease
ProvedDevelopedAndUndevelopedReservesRevisionsOfPreviousEstimatesIncreaseDecrease
11713 MBbls
CY2014 us-gaap Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservesSaleOfMineralInPlaceEnergy
8448 MBoe
CY2015 us-gaap Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservesSaleOfMineralInPlaceEnergy
0 MBoe
CY2016 us-gaap Proved Developed And Undeveloped Reserves Sale Of Mineral In Place Energy
ProvedDevelopedAndUndevelopedReservesSaleOfMineralInPlaceEnergy
7635 MBoe
CY2014 us-gaap Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
7640 MBbls
CY2014 us-gaap Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
4850 MMcf
CY2015 us-gaap Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
0 MBbls
CY2015 us-gaap Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
0 MMcf
CY2016 us-gaap Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
10839 MMcf
CY2016 us-gaap Proved Developed And Undeveloped Reserves Sales Of Minerals In Place
ProvedDevelopedAndUndevelopedReservesSalesOfMineralsInPlace
5828 MBbls
CY2014Q4 us-gaap Proved Developed Reserves Boe1
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146343 MBoe
CY2015Q4 us-gaap Proved Developed Reserves Boe1
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147577 MBoe
CY2016Q4 us-gaap Proved Developed Reserves Boe1
ProvedDevelopedReservesBOE1
190598 MBoe
CY2014Q4 us-gaap Proved Developed Reserves Volume
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114016 MMcf
CY2014Q4 us-gaap Proved Developed Reserves Volume
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127340 MBbls
CY2015Q4 us-gaap Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
120789 MMcf
CY2015Q4 us-gaap Proved Developed Reserves Volume
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127445 MBbls
CY2016Q4 us-gaap Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
152337 MBbls
CY2016Q4 us-gaap Proved Developed Reserves Volume
ProvedDevelopedReservesVolume
229568 MMcf
CY2015Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
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5655759000 USD
CY2016Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
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6476833000 USD
CY2014Q4 us-gaap Proved Undeveloped Reserve Boe1
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125743 MBoe
CY2015Q4 us-gaap Proved Undeveloped Reserve Boe1
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70656 MBoe
CY2016Q4 us-gaap Proved Undeveloped Reserve Boe1
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114512 MBoe
CY2015Q4 us-gaap Proved Undeveloped Reserve Volume
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79039 MMcf
CY2015Q4 us-gaap Proved Undeveloped Reserve Volume
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57483 MBbls
CY2016Q4 us-gaap Proved Undeveloped Reserve Volume
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181536 MMcf
CY2016Q4 us-gaap Proved Undeveloped Reserve Volume
ProvedUndevelopedReserveVolume
84256 MBbls
CY2015Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
197409000 USD
CY2016Q4 us-gaap Receivables Net Current
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204335000 USD
CY2014 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
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CY2015 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
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CY2016 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
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0 USD
CY2014 us-gaap Repayments Of Long Term Lines Of Credit
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CY2016 us-gaap Repayments Of Long Term Lines Of Credit
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CY2014 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
CY2015 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
CY2016 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
435907000 USD
CY2014 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
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CY2015 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
472800000 USD
CY2016 us-gaap Results Of Operations Depreciation Depletion And Amortization And Valuation Provisions
ResultsOfOperationsDepreciationDepletionAndAmortizationAndValuationProvisions
462320000 USD
CY2014 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
0 USD
CY2015 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
0 USD
CY2016 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
0 USD
CY2014 us-gaap Results Of Operations Exploration Expense
ResultsOfOperationsExplorationExpense
3064000 USD
CY2015 us-gaap Results Of Operations Exploration Expense
ResultsOfOperationsExplorationExpense
2369000 USD
CY2016 us-gaap Results Of Operations Exploration Expense
ResultsOfOperationsExplorationExpense
1785000 USD
CY2014 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
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47238000 USD
CY2015 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
46109000 USD
CY2016 us-gaap Results Of Operations Impairment Of Oil And Gas Properties
ResultsOfOperationsImpairmentOfOilAndGasProperties
2252000 USD
CY2014 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
197701000 USD
CY2015 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
-18382000 USD
CY2016 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
-23665000 USD
CY2014 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
329502000 USD
CY2015 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
-30794000 USD
CY2016 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
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CY2014 us-gaap Results Of Operations Production Or Lifting Costs
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326381000 USD
CY2015 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
245675000 USD
CY2016 us-gaap Results Of Operations Production Or Lifting Costs
ResultsOfOperationsProductionOrLiftingCosts
222117000 USD
CY2014 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
1304004000 USD
CY2015 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
721672000 USD
CY2016 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
625233000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
834521000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
591505000 USD
CY2016 us-gaap Revenue From Purchased Oil And Gas
RevenueFromPurchasedOilAndGas
10300000 USD
CY2014 us-gaap Revenue Oil And Gas Services
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74610000 USD
CY2015 us-gaap Revenue Oil And Gas Services
RevenueOilAndGasServices
44294000 USD
CY2016 us-gaap Revenue Oil And Gas Services
RevenueOilAndGasServices
33754000 USD
CY2014 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-604651000 USD
CY2015 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
-946729000 USD
CY2016 us-gaap Revisions Of Previous Quantity Estimates
RevisionsOfPreviousQuantityEstimates
333398000 USD
CY2014 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
979938000 USD
CY2015 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
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477755000 USD
CY2016 us-gaap Sales And Transfers Of Oil And Gas Produced Net Of Production Costs
SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts
403739000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
21302000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
25272000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
24103000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
16050000 shares
CY2014 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
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CY2015 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
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-172681000 USD
CY2016 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Of Proved Oil And Gas Reserves Other
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37463000 USD
CY2014 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
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548690000 USD
CY2015 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
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548141000 USD
CY2016 us-gaap Standardized Measure Of Discounted Future Net Cash Flow Relating To Proved Oil And Gas Reserves Accretion Of Discount
StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount
-36303000 USD
CY2013Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
3727559000 USD
CY2014Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
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3981661000 USD
CY2015Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
1914330000 USD
CY2016Q4 us-gaap Standardized Measure Of Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves
StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserves
2483065000 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-176000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
462833000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
766670000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
22360000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
27405000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
25771000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1348549000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1872301000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
2319342000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
2923157000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
507926 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
856892 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
13620000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
15950000 USD
CY2015Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
628642000 USD
CY2016Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
819735000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
688000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100365000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130186000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183615000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99677000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130186000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
183615000 shares
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Market and Credit Risk</font></div><div style="line-height:120%;padding-top:6px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The future results of the Company&#8217;s oil and natural gas operations will be affected by the market prices of oil and natural gas. The availability of a ready market for oil and natural gas products in the future will depend on numerous factors beyond the control of the Company, including weather, imports, marketing of competitive fuels, proximity and capacity of oil and natural gas pipelines and other transportation facilities, any oversupply or undersupply of oil, natural gas and liquid products, the regulatory environment, the economic environment, and other regional and political events, none of which can be predicted with certainty. The current global oversupply of crude oil has caused a sharp decline in oil prices since mid-2014, and an extended period of low prices for oil could have a material adverse effect on the Company&#8217;s financial position, cash flows and results of operations.</font></div><div style="line-height:120%;padding-top:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company operates in the exploration, development and production sector of the oil and gas industry. The Company&#8217;s receivables include amounts due from purchasers of its oil and natural gas production and amounts due from joint interest partners for their respective portions of operating expenses and exploration and development costs. While certain of these customers and joint interest partners are affected by periodic downturns in the economy in general or in their specific segment of the oil or natural gas industry, including the current period of low commodity prices, the Company believes that its level of credit-related losses due to such economic fluctuations has been and will continue to be immaterial to the Company&#8217;s results of operations over the long-term.&#160;In addition, a portion of the Company&#8217;s trade receivables are collateralized.</font></div><div style="line-height:120%;padding-top:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company manages and controls market and counterparty credit risk. In the normal course of business, collateral is not required for financial instruments with credit risk. Financial instruments which potentially subject the Company to credit risk consist principally of temporary cash balances and derivative financial instruments. The Company maintains cash and cash equivalents in bank deposit accounts which, at times, may exceed the federally insured limits. The Company has not experienced any significant losses from such investments. The Company attempts to limit the amount of credit exposure to any one financial institution or company. The Company believes the credit quality of its customers is generally high. In the normal course of business, letters of credit or parent guarantees are required for counterparties which management perceives to have a higher credit risk.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preparation of the Company&#8217;s consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates pertain to proved oil and natural gas reserves and related cash flow estimates used in impairment tests of long-lived assets, estimates of future development, dismantlement and abandonment costs, estimates relating to certain oil and natural gas revenues and expenses and estimates of expenses related to legal, environmental and other contingencies. Certain of these estimates require assumptions regarding future commodity prices, future costs and expenses and future production rates. Actual results could differ from those estimates.</font></div><div style="line-height:120%;padding-top:12px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimates of oil and natural gas reserves and their values, future production rates and future costs and expenses are inherently uncertain for numerous reasons, including many factors beyond the Company&#8217;s control. Reservoir engineering is a subjective process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact manner. The accuracy of any reserve estimate is a function of the quality of data available and of engineering and geological interpretation and judgment. In addition, estimates of reserves may be revised based on actual production, results of subsequent exploration and development activities, prevailing commodity prices, operating costs and other factors. These revisions may be material and could materially affect future depreciation, depletion and amortization (&#8220;DD&amp;A&#8221;) expense, dismantlement and abandonment costs, and impairment expense.</font></div></div>

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