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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2014
Business Combinations [Abstract] |
Purchase Price Allocation | The following table summarizes the consideration paid, including customary post close adjustments through December 31, 2014, for the Company’s 2013 acquisitions and the fair value of the assets acquired and liabilities assumed as of the acquisition dates.
| West Williston |  | East Nesson
Consideration given to the sellers: | (In thousands)
Cash | $ | 1,475,361 |  |  | $ | 56,793 |
Forgiveness of debt | — |  |  | (43 | )
Total consideration | 1,475,361 |  |  | 56,750 |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |
Assets acquired: |  |  |
Proved developed properties | 519,712 |  |  | 32,053 |
Proved undeveloped properties | 165,907 |  |  | 1,807 |
Unproved lease acquisition costs | 787,589 |  |  | 23,369 |
Other property and equipment | 13,157 |  |  | — |
Inventory | 3,181 |  |  | 148 |
Accounts receivable | 276 |  |  | — |
Total assets acquired | 1,489,822 |  |  | 57,377 |
Liabilities assumed: |  |  |
Asset retirement obligations | 6,598 |  |  | 307 |
Revenues payable | 7,863 |  |  | 320 |
Total liabilities assumed | 14,461 |  |  | 627 |
Total identifiable net assets | $ | 1,475,361 |  |  | $ | 56,750 |
Business Acquisition, Pro Forma Information | Summarized below are the consolidated results of operations for the years ended December 31, 2013 and 2012, on an unaudited pro forma basis, as if the acquisition and related financing had occurred on January 1, 2012. The unaudited pro forma financial information was derived from the historical consolidated statement of operations of the Company and the statement of revenues and direct operating expenses for the West Williston Acquisition properties, which were derived from the historical accounting records of the Sellers. The unaudited pro forma financial information does not purport to be indicative of results of operations that would have occurred had the acquisition and related financing occurred on the basis assumed above, nor is such information indicative of the Company’s expected future results of operations.
| Year Ended December 31,
| 2013 |  | 2012
| (In thousands)
| Unaudited
Revenues | $ | 1,297,545 |  |  | $ | 831,575 |
Net income | 231,217 |  |  | 136,004 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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