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Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Purchase Price Allocation

The following table summarizes the consideration paid, including customary post close adjustments, 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
	(In thousands)
Consideration given to the sellers:
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

	Year Ended December 31, 2013
	(In thousands)
	Unaudited
Revenues	$	1,297,545
Net income	231,217

X

- 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=56956515&loc=d3e1392-128463

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- References

No definition available.

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X

- 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=56956791&loc=d3e4845-128472

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