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Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Purchase Price Allocation
The following table summarizes the consideration paid, including customary close adjustments, for the Company’s acquisition and the fair value of the assets acquired and liabilities assumed as of the acquisition date.
 
At December 1, 2016
 
(In thousands)
Consideration given to SM Energy:
 
Cash
$
764,300

Recognized amounts of identifiable assets acquired and liabilities assumed:
 
Proved developed properties
$
419,911

Proved undeveloped properties
154,146

Unproved lease acquisition costs
200,244

Other property and equipment
204

Inventory
1,297

Asset retirement obligations
(8,931
)
Revenues payable
(2,571
)
 
$
764,300
Business Acquisition, Pro Forma Information
Summarized below are the consolidated results of operations for the year ended December 31, 2016, on an unaudited pro forma basis, as if the acquisition and related financing had occurred on January 1, 2015. The unaudited pro forma financial information was derived from the historical Consolidated Statements of Operations of the Company and the statement of revenues and direct operating expenses for the Williston Basin Acquisition properties, which were derived from the historical accounting records of the SM Energy. 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,
 
2016
 
2015
 
(In thousands)
 
Unaudited
Revenues
$
847,341

 
$
991,722

Net income
(208,629
)
 
265