Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

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