2015 Q4 Form 8-K Financial Statement

#000152000617000083 Filed on March 09, 2017

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q4 2014 Q2
Revenue $67.70M $153.9M $90.91M
YoY Change -56.01% 124.02% 37.82%
Cost Of Revenue $24.20M $26.00M $20.80M
YoY Change -6.92% 73.33% 42.47%
Gross Profit $43.50M $127.9M $70.10M
YoY Change -65.99% 138.18% 36.38%
Gross Profit Margin 64.25% 83.11% 77.11%
Selling, General & Admin $11.60M $8.700M $8.100M
YoY Change 33.33% 31.82% 97.56%
% of Gross Profit 26.67% 6.8% 11.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.30M $43.70M $31.80M
YoY Change -19.22% 83.61% 57.15%
% of Gross Profit 81.15% 34.17% 45.36%
Operating Expenses $47.20M $52.70M $40.00M
YoY Change -10.44% 72.79% 63.27%
Operating Profit -$3.700M $75.20M $30.07M
YoY Change -104.92% 224.14% 11.75%
Interest Expense -$6.600M -$1.600M $1.616M
YoY Change 312.5% 100.0% 0.44%
% of Operating Profit -2.13% 5.37%
Other Income/Expense, Net $0.00 $600.0K -$1.207M
YoY Change -100.0% -31.19%
Pretax Income -$228.6M $74.20M $28.86M
YoY Change -408.09% 231.25% 14.75%
Income Tax $1.700M $27.70M $10.63M
% Of Pretax Income 37.33% 36.85%
Net Earnings -$230.4M $46.60M $18.23M
YoY Change -594.42% 202.6% -27.44%
Net Earnings / Revenue -340.32% 30.28% 20.05%
Basic Earnings Per Share $0.27
Diluted Earnings Per Share -$2.720M $629.7K $0.26
COMMON SHARES
Basic Shares Outstanding 85.56M shares 73.36M shares 68.53M shares
Diluted Shares Outstanding 69.22M shares

Balance Sheet

Concept 2015 Q4 2014 Q4 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.70M $8.400M $14.60M
YoY Change 98.81% 33.33% 180.77%
Cash & Equivalents $16.73M $8.407M $7.723M
Short-Term Investments
Other Short-Term Assets $63.80M $57.80M $6.700M
YoY Change 10.38% 1276.19% 26.42%
Inventory $2.000M $1.200M $1.000M
Prepaid Expenses $3.203M $1.649M $2.427M
Receivables $16.62M $28.98M $33.49M
Other Receivables $10.79M $9.091M $1.594M
Total Short-Term Assets $127.0M $112.4M $67.34M
YoY Change 12.98% 162.2% 73.52%
LONG-TERM ASSETS
Property, Plant & Equipment $1.012B $1.322B $1.063B
YoY Change -23.42% 56.3% 54.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.448M $0.00 $2.577M
YoY Change -100.0% 53.67%
Total Long-Term Assets $1.014B $1.322B $1.066B
YoY Change -23.31% 56.0% 53.2%
TOTAL ASSETS
Total Short-Term Assets $127.0M $112.4M $67.34M
Total Long-Term Assets $1.014B $1.322B $1.066B
Total Assets $1.141B $1.434B $1.133B
YoY Change -20.47% 61.12% 54.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.97M $17.53M $18.54M
YoY Change -37.43% -30.89% -48.44%
Accrued Expenses $92.37M $107.4M $105.1M
YoY Change -13.96% 67.78% 116.71%
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 $136.8M $142.0M $150.9M
YoY Change -3.67% 41.57% 64.52%
LONG-TERM LIABILITIES
Long-Term Debt $391.3M $338.2M $150.0M
YoY Change 15.7% 69.1% -38.78%
Other Long-Term Liabilities $2.190M $2.540M $3.581M
YoY Change -13.78% -1.85% 73.25%
Total Long-Term Liabilities $515.1M $425.9M $195.3M
YoY Change 20.93% 92.65% -22.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $136.8M $142.0M $150.9M
Total Long-Term Liabilities $515.1M $425.9M $195.3M
Total Liabilities $651.9M $567.9M $346.2M
YoY Change 14.78% 76.71% 0.44%
SHAREHOLDERS EQUITY
Retained Earnings -$538.9M $140.9M $64.67M
YoY Change -482.61% 368.21% -1298.76%
Common Stock $856.0K $734.0K $747.0K
YoY Change 16.62% 9.55% 30.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $10.77M
YoY Change -100.0% 0.0%
Treasury Stock Shares 2.586K shares 30.97K shares 1.330M shares
Shareholders Equity $488.0M $866.4M $787.2M
YoY Change
Total Liabilities & Shareholders Equity $1.141B $1.434B $1.133B
YoY Change -20.47% 61.12% 54.27%

Cashflow Statement

Concept 2015 Q4 2014 Q4 2014 Q2
OPERATING ACTIVITIES
Net Income -$230.4M $46.60M $18.23M
YoY Change -594.42% 202.6% -27.44%
Depreciation, Depletion And Amortization $35.30M $43.70M $31.80M
YoY Change -19.22% 83.61% 57.15%
Cash From Operating Activities $22.60M $71.10M $81.60M
YoY Change -68.21% 35.95% 57.83%
INVESTING ACTIVITIES
Capital Expenditures -$115.5M -$160.1M -$142.3M
YoY Change -27.86% 49.77% 55.86%
Acquisitions
YoY Change
Other Investing Activities $96.00M -$500.0K $0.00
YoY Change -19300.0% -100.0%
Cash From Investing Activities -$19.60M -$160.6M -$142.3M
YoY Change -87.8% 50.37% 56.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $181.3M
YoY Change
Debt Paid & Issued, Net $180.0M
YoY Change
Cash From Financing Activities -200.0K 90.20M 61.10M
YoY Change -100.22% 65.2% 52.75%
NET CHANGE
Cash From Operating Activities 22.60M 71.10M 81.60M
Cash From Investing Activities -19.60M -160.6M -142.3M
Cash From Financing Activities -200.0K 90.20M 61.10M
Net Change In Cash 2.800M 700.0K 400.0K
YoY Change 300.0% 600.0% -20.0%
FREE CASH FLOW
Cash From Operating Activities $22.60M $71.10M $81.60M
Capital Expenditures -$115.5M -$160.1M -$142.3M
Free Cash Flow $138.1M $231.2M $223.9M
YoY Change -40.27% 45.23% 56.57%

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1148000 USD
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11951000 USD
CY2015Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
15420000 USD
CY2016Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
20640000 USD
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AssetRetirementObligationAccretionExpense
504000 USD
CY2015 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
734000 USD
CY2016 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1182000 USD
CY2015Q4 us-gaap Asset Retirement Obligation Current
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254000 USD
CY2016Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
915000 USD
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4508000 USD
CY2016 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1791000 USD
CY2015 us-gaap Asset Retirement Obligation Liabilities Settled
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588000 USD
CY2016 us-gaap Asset Retirement Obligation Liabilities Settled
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375000 USD
CY2015 us-gaap Asset Retirement Obligation Revision Of Estimate
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-1185000 USD
CY2016 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
2622000 USD
CY2015Q4 us-gaap Asset Retirement Obligations Noncurrent
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15166000 USD
CY2016Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
19725000 USD
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Assets
1434490000 USD
CY2015Q4 us-gaap Assets
Assets
1140861000 USD
CY2016Q4 us-gaap Assets
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1464665000 USD
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127007000 USD
CY2016Q4 us-gaap Assets Current
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279182000 USD
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4.35
CY2014 us-gaap Average Sales Prices
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91.48
CY2015 us-gaap Average Sales Prices
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46.79
CY2015 us-gaap Average Sales Prices
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2.59
CY2016 us-gaap Average Sales Prices
AverageSalesPrices
2.48
CY2016 us-gaap Average Sales Prices
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39.25
CY2015Q4 us-gaap Capitalized Costs Unproved Properties
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387504000 USD
CY2016Q4 us-gaap Capitalized Costs Unproved Properties
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479736000 USD
CY2016Q4 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
37500000 USD
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Cash
16732000 USD
CY2016Q4 us-gaap Cash
Cash
212884000 USD
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6287000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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8407000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16732000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
212884000 USD
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2120000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
8325000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
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196152000 USD
CY2015Q4 us-gaap Commitments And Contingencies
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USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
120000000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
120000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
85567021 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CommonStockSharesOutstanding
85564435 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
99512886 shares
CY2015Q4 us-gaap Common Stock Value
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856000 USD
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
995000 USD
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
251918000 USD
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
1124695000 USD
CY2016 us-gaap Costs And Expenses
CostsAndExpenses
441589000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
133000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2588000 USD
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CurrentFederalTaxExpenseBenefit
-1144000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
133000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2959000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-1036000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
371000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
108000 USD
CY2015Q2 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.5
CY2015Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
391254000 USD
CY2016Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
573924000 USD
CY2014Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1400000 USD
CY2015Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
0 USD
CY2016Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1400000 USD
CY2014Q4 us-gaap Deferred Compensation Liability Current
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0 USD
CY2015Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
1000000 USD
CY2016Q4 us-gaap Deferred Compensation Liability Current
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0 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
64242000 USD
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-150327000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2707000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-13215000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
539000 USD
CY2015Q4 us-gaap Deferred Tax Assets Gross Noncurrent
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174419000 USD
CY2016Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
202110000 USD
CY2015Q4 us-gaap Deferred Tax Assets Net
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20099000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net
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11855000 USD
CY2015Q4 us-gaap Deferred Tax Assets Other
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7396000 USD
CY2016Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
0 USD
CY2015Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
42757000 USD
CY2016Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
44391000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
9785000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
8633000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
154320000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
190255000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
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20099000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
11855000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
500000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
800000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
900000 USD
CY2016 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
134737000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
178847000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
122048000 USD
CY2015Q4 us-gaap Derivative Assets
DerivativeAssets
16284000 USD
CY2016Q4 us-gaap Derivative Assets
DerivativeAssets
0 USD
CY2015Q4 us-gaap Derivative Assets Current
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16284000 USD
CY2016Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
0 USD
CY2015Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 USD
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
24954000 USD
CY2015Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 USD
CY2016Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
24203000 USD
CY2015Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 USD
CY2016Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
751000 USD
CY2014 us-gaap Dividends Common Stock
DividendsCommonStock
150000 USD
CY2015Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
5670000 USD
CY2016Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
8651000 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.58
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.34
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.07
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.34
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.07
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
6900000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1900000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3400000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4300000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
100000 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
300000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
500000 USD
CY2016Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
1.0
CY2014 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
5022000 USD
CY2015 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
77094000 USD
CY2016 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
9286000 USD
CY2014 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
0 USD
CY2015 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
1654000 USD
CY2015 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
908000 USD
CY2016 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
107277000 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
32152000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
50105000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
55089000 USD
CY2014 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
0 USD
CY2015 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
801200000 USD
CY2015 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
801166000 USD
CY2016 us-gaap Impairment Of Oil And Gas Properties
ImpairmentOfOilAndGasProperties
158633000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
175129000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-826892000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-98093000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64375000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-147368000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1036000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
145777000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
33688000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
61301000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-289412000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-34333000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
94000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
506000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
2895000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13318000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3633000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
14259000 USD
CY2014 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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39000 USD
CY2015 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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2405000 USD
CY2016 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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-2848000 USD
CY2014 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
607000 USD
CY2015 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
1375000 USD
CY2016 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
6611000 USD
CY2014 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
-187000 USD
CY2015 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
489000 USD
CY2016 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
4144000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1212000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
552000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-490000 USD
CY2014 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
783000 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
544000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
124000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
43098000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-43098000 USD
CY2014 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
6663000 USD
CY2016 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
7495000 USD
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
677000 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2800000 USD
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3900000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3700000 USD
CY2014 us-gaap Interest Expense
InterestExpense
5334000 USD
CY2015 us-gaap Interest Expense
InterestExpense
21754000 USD
CY2016 us-gaap Interest Expense
InterestExpense
28199000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
5269000 USD
CY2015 us-gaap Interest Paid Net
InterestPaidNet
16154000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
27464000 USD
CY2014 us-gaap Lease Operating Expense
LeaseOperatingExpense
49945000 USD
CY2015 us-gaap Lease Operating Expense
LeaseOperatingExpense
54704000 USD
CY2016 us-gaap Lease Operating Expense
LeaseOperatingExpense
56202000 USD
CY2016 us-gaap Lessee Leasing Arrangements Operating Leases Term Of Contract
LesseeLeasingArrangementsOperatingLeasesTermOfContract
P5Y
CY2016Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
800000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1140861000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1464665000 USD
CY2015Q4 us-gaap Liabilities Current
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136830000 USD
CY2016Q4 us-gaap Liabilities Current
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169505000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
515072000 USD
CY2016Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
603715000 USD
CY2016Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
0 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
956000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
1320000 USD
CY2014 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
1408000 USD
CY2015 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
3489000 USD
CY2016 us-gaap Natural Gas Midstream Costs
NaturalGasMidstreamCosts
5389000 USD
CY2014 us-gaap Natural Gas Midstream Revenue
NaturalGasMidstreamRevenue
1213000 USD
CY2015 us-gaap Natural Gas Midstream Revenue
NaturalGasMidstreamRevenue
1864000 USD
CY2016 us-gaap Natural Gas Midstream Revenue
NaturalGasMidstreamRevenue
5218000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
321170000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
224944000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
467706000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-570531000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-425154000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-405640000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
251481000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
208535000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
134086000 USD
CY2014 us-gaap Net Income Loss
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110754000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-679524000 USD
CY2016 us-gaap Net Income Loss
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-97057000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-17000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
261000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
364000 USD
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
400000 USD
CY2015Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
381000000 USD
CY2016Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
605200000 USD
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2015Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
16999000 USD
CY2016Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
19347000 USD
CY2015Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
1574040000 USD
CY2016Q4 us-gaap Oil And Gas Property Full Cost Method Depletion
OilAndGasPropertyFullCostMethodDepletion
1850882000 USD
CY2015Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
2122174000 USD
CY2016Q4 us-gaap Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
2408305000 USD
CY2015Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
935638000 USD
CY2016Q4 us-gaap Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
1037159000 USD
CY2014 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
367712000 USD
CY2015 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
278340000 USD
CY2016 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
291156000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
180331000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-806662000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-177167000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
25063000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2443000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2660000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2602000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2528000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2495000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
12335000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
900000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1700000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2900000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2022000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3011000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1448000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
958000 USD
CY2015Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
2022000 USD
CY2016Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
3045000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
161000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
578000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2190000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7544000 USD
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5202000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-20230000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
79074000 USD
CY2015Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
10794000 USD
CY2016Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
5167000 USD
CY2014 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2015 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9598000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2734000 USD
CY2014 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
590000 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1158000 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
847000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2015 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
24028000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2014 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
9152000 USD
CY2015 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
64499000 USD
CY2016 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
74845000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
610372000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
698437000 USD
CY2016 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
454360000 USD
CY2014 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
560849000 USD
CY2015 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
432715000 USD
CY2016 us-gaap Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
379067000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3203000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3327000 USD
CY2014Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
181300000 USD
CY2015Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
187600000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
181875000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
188720000 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
288510000 USD
CY2016Q4 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
181500000 USD
CY2014 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
320000000 USD
CY2015 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
125000000 USD
CY2016 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
120000000 USD
CY2014 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
150000 USD
CY2015 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
562000 USD
CY2016 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2014 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
79000 USD
CY2015 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
139836000 USD
CY2016 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
5173000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
43000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
110771000 USD
CY2015 us-gaap Profit Loss
ProfitLoss
-679785000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
-97421000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
-97400000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1012406000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1184525000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net Excluding Capital Leased Assets
PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets
76768000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net Excluding Capital Leased Assets
PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets
147366000 USD
CY2015Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
86387000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
160795000 USD
CY2016 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
120000000 USD
CY2014 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
180000000 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
476982000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
120000000 USD
CY2015Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
44357000 USD
CY2016Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
1258000 USD
CY2016Q1 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
42100000 USD
CY2014 us-gaap Restricted Stock Expense
RestrictedStockExpense
3023000 USD
CY2015 us-gaap Restricted Stock Expense
RestrictedStockExpense
0 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-538930000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-636351000 USD
CY2014 us-gaap Revenues
Revenues
432249000 USD
CY2015 us-gaap Revenues
Revenues
318033000 USD
CY2016 us-gaap Revenues
Revenues
264422000 USD
CY2016 us-gaap Sale Leaseback Transaction Current Period Gain Recognized
SaleLeasebackTransactionCurrentPeriodGainRecognized
107300000 USD
CY2016 us-gaap Sale Leaseback Transaction Transaction Costs Investing Activities
SaleLeasebackTransactionTransactionCostsInvestingActivities
400000 USD
CY2016Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
141500000 USD
CY2016Q4 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
145800000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
5524000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
9450000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
12362000 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
8700000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
25.76
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1300000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1600000 USD
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
2000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
28000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
19.73
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
668000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.45
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.90
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.65
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
29400000 USD
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2363000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2887000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.40
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
15.59
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
10.12
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
22.66
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.51
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
13600000 USD
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y1M39D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1500000 USD
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1300000 USD
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3000000 USD
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
114000 shares
CY2015 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
181875000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
260252000 USD
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
288510000 USD
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
17000 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
43000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
10000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
488003000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
690125000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
568924000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
866541000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
488959000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
691445000 USD
CY2015 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2016 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2014 us-gaap Unamortized Costs Capitalized Less Related Deferred Income Taxes Exceed Ceiling Limitation Expense
UnamortizedCostsCapitalizedLessRelatedDeferredIncomeTaxesExceedCeilingLimitationExpense
0 USD
CY2014 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
58302000 USD
CY2015 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-39265000 USD
CY2016 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-41238000 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70906000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81537000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
91273000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
70229000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81537000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91273000 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:8px;font-size:10pt;"><font style="font-family:inherit;font-size:8pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Credit Risk</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s cash is held in financial institutions and at times these amounts exceed the insurance limits of the Federal Deposit Insurance Corporation. Management believes, however, that the Company&#8217;s counterparty risks are minimal based on the reputation and history of the institutions selected.</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company uses derivative financial instruments to mitigate its exposure to oil, natural gas and natural gas liquids price volatility. These transactions expose the Company to potential credit risk from its counterparties. The Company manages counterparty credit risk through established internal derivatives policies that are reviewed on an ongoing basis. Additionally, all of the Company&#8217;s commodity derivative contracts at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> were with Comerica Bank, The Bank of Nova Scotia, BMO Harris Financing (Bank of Montreal) and SunTrust Bank (or affiliates thereof), parties that are lenders (or affiliates thereof) under the Company&#8217;s Credit Agreement.</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable constitute the principal component of additional credit risk to which the Company may be exposed. The Company attempts to minimize credit risk exposure to counterparties by monitoring the financial condition and payment history of its purchasers and joint interest partners.</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;"></font></div></div>
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NATURE OF OPERATIONS </font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Matador Resources Company, a Texas corporation (&#8220;Matador&#8221; and, collectively with its subsidiaries, the &#8220;Company&#8221;), is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company&#8217;s current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. The Company also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas. Additionally, the Company conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, natural gas, oil and salt water gathering services and salt water disposal services to third parties on a limited basis.</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the prior years&#8217; financial statements to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations, cash flows or retained earnings. As a result of the growth of the Company&#8217;s midstream operations, these operations met the required threshold for segment reporting at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. As a result, </font><font style="font-family:inherit;font-size:10pt;">$1.8 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively, were reclassified from other income to third-party midstream services revenues. In addition, </font><font style="font-family:inherit;font-size:10pt;">$3.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1.4 million</font><font style="font-family:inherit;font-size:10pt;"> related to midstream operating costs for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2014</font><font style="font-family:inherit;font-size:10pt;">, respectively, were reclassified from lease operating expenses to plant and other midstream services operating expenses. These reclassifications had no effect on previously reported results of operations, cash flows or retained earnings.</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:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;text-decoration:underline;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements, purchase price allocations and the reported amounts of revenues and expenses during the reporting period. While the Company believes its estimates are reasonable, changes in facts and assumptions or the discovery of new information may result in revised estimates. Actual results could differ from these estimates.</font></div><div style="line-height:120%;padding-top:8px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s consolidated financial statements are based on a number of significant estimates, including oil and natural gas revenues, accrued assets and liabilities, stock-based compensation, valuation of derivative instruments, deferred tax assets and liabilities, purchase price allocations and oil and natural gas reserves. The estimates of oil and natural gas reserves quantities and future net cash flows are the basis for the calculations of depletion and impairment of oil and natural gas properties, as well as estimates of asset retirement obligations and certain tax accruals. The Company&#8217;s oil and natural gas reserves estimates, which are inherently imprecise and based upon many factors that are beyond the Company&#8217;s control, including oil and natural gas prices, are prepared by the Company&#8217;s engineering staff in accordance with guidelines established by the Securities and Exchange Commission (&#8220;SEC&#8221;) and then audited for their reasonableness and conformance with SEC guidelines by Netherland, Sewell&#160;&amp; Associates, Inc., independent reservoir engineers.</font></div></div>

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0001520006-17-000083-index.html Edgar Link pending
0001520006-17-000083.txt Edgar Link pending
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exhibit231-kpmgconsent.htm Edgar Link pending
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mtdr-20170309.xml Edgar Link completed
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