v3.3.1.900

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

Our provision for income taxes comprised the following (in thousands):

		Years Ended December 31,
		2015				2014				2013
Current:
Federal		$	(265	)		$	(25	)		$	429
State			—				—				—
Total current provision for income taxes		$	(265	)		$	(25	)		$	429
Deferred:
Federal		$	(91,716	)		$	32,754			$	41,175
State			(1,424	)			963				903
Total deferred provision for income taxes		$	(93,140	)		$	33,717			$	42,078

Total Income Tax Expense Differed from Amounts Computed by Applying U.S. Federal Statutory Tax Rates to Pre-Tax Income

Total income tax expense differed from the amounts computed by applying the U.S. Federal statutory tax rates to pre-tax income (in thousands):

		Years Ended December 31,
		2015				2014				2013
Statutory tax at 35%		$	(93,628	)		$	31,452			$	40,167
State taxes, net of federal impact			(1,463	)			989				709
Share-based compensation tax shortfall			1,939				1,670				—
Permanent differences			26				37				34
Other differences			(1,035	)			(456	)			1,597
Valuation allowance			756				—				—
Total		$	(93,405	)		$	33,692			$	42,507

Significant Components of Net Deferred Tax Assets and Liabilities

Significant components of net deferred tax assets and liabilities are (in thousands):

		Years Ended December 31,
		2015				2014
Deferred tax assets:
Net operating loss carryforwards		$	88,230			$	46,730
Other			1,672				1,305
Total deferred tax assets			89,902				48,035
Deferred tax liabilities:
Difference in depreciation, depletion and capitalization methods — oil and gas properties			(118,534	)			(158,647	)
Unrealized gain on commodity derivatives			(2,391	)			(14,307	)
Total deferred tax liabilities			(120,925	)			(172,954	)
Valuation allowance			(756	)			—
Net deferred tax liability		$	(31,779	)		$	(124,919	)

Net Operating Loss Carryforwards for Tax Purposes

Net operating loss carryforwards for tax purposes have the following expiration dates (in thousands):

Expiration Dates		Amounts				Stock Adjustments				Total
2030		$	4,083			$	750			$	4,833
2031			18,642				1,012				19,654
2032			51,931				2,724				54,655
2033			616				503				1,119
2034			56,511				—				56,511
2035			120,298				—				120,298
Total		$	252,081			$	4,989			$	257,070

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration