Cimarex Resolute (REN) 10-Q 7 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	REN
Entity Registrant Name	Resolute Energy Corp
Entity Central Index Key	1,469,510
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		22,478,996

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 1,099	$ 133,089
Accounts receivable	73,443	55,228
Commodity derivative instruments	7,770	218
Prepaid expenses and other current assets	2,377	3,249
Total current assets	84,689	191,784
Property and equipment, at cost:
Oil and gas properties, full cost method of accounting, Unproved	246,421	121,375
Oil and gas properties, full cost method of accounting, Proved	2,046,355	1,889,111
Other property and equipment	12,150	9,754
Accumulated depletion, depreciation and amortization	(1,684,673)	(1,647,120)
Net property and equipment	620,253	373,120
Other assets:
Restricted cash	23,162	23,137
Commodity derivative instruments	412
Other assets	33	332
Total assets	728,549	588,373
Current liabilities:
Accounts payable	24,333	8,675
Accrued expenses	68,254	37,507
Accrued revenue payable	24,645	19,801
Accrued cash-settled incentive awards	22,941	27,158
Accrued interest payable	7,779	5,784
Asset retirement obligations	1,354	895
Commodity derivative instruments	1,217	8,014
Secured term loan facility		122,139
Total current liabilities	150,523	229,973
Long term liabilities:
Revolving credit facility	96,883	8,821
Senior notes	522,998	397,154
Asset retirement obligations	16,835	19,457
Commodity derivative instruments	1,974	4,104
Other long term liabilities	1,568	4,611
Total liabilities	790,781	664,120
Commitments and contingencies
Stockholders’ deficit:
Convertible preferred stock, $0.0001 par value; 1,000,000 shares authorized; issued and outstanding 62,500 shares at June 30, 2017 and December 31, 2016; $62.5 million liquidation preference
Common stock, $0.0001 par value; 45,000,000 shares authorized; issued and outstanding 22,465,108 and 21,932,842 shares at June 30, 2017 and December 31, 2016, respectively	2	2
Additional paid-in capital	951,129	948,380
Accumulated deficit	(1,013,363)	(1,024,129)
Total stockholders’ deficit	(62,232)	(75,747)
Total liabilities and stockholders’ deficit	$ 728,549	$ 588,373

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, issued	62,500	62,500
Preferred stock, outstanding	62,500	62,500
Preferred stock, liquidation preference	$ 62.5	$ 62.5
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	45,000,000	45,000,000
Common stock, issued	22,465,108	21,932,842
Common stock, outstanding	22,465,108	21,932,842

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (UNAUDITED) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenue:
Oil	$ 60,703,000	$ 33,483,000	$ 118,362,000	$ 51,278,000
Gas	7,216,000	1,210,000	12,173,000	2,188,000
Natural gas liquids	3,107,000	697,000	5,717,000	926,000
Total revenue	71,026,000	35,390,000	136,252,000	54,392,000
Operating expenses:
Lease operating	19,890,000	15,689,000	38,246,000	29,506,000
Production and ad valorem taxes	6,331,000	4,248,000	12,934,000	7,390,000
Depletion, depreciation, amortization, and asset retirement obligation accretion	22,333,000	10,865,000	38,368,000	21,226,000
Impairment of proved oil and gas properties	0	0	0	58,000,000
General and administrative	9,472,000	7,530,000	19,887,000	16,498,000
Cash-settled incentive awards	(1,413,000)	1,435,000	4,014,000	2,233,000
Total operating expenses	56,613,000	39,767,000	113,449,000	134,853,000
Income (loss) from operations	14,413,000	(4,377,000)	22,803,000	(80,461,000)
Other income (expense):
Interest expense, net	(8,779,000)	(12,983,000)	(26,476,000)	(26,058,000)
Commodity derivative instruments gain (loss)	7,458,000	(19,552,000)	18,298,000	(15,711,000)
Other income	136,000	6,000	76,000	12,000
Total other expense	(1,185,000)	(32,529,000)	(8,102,000)	(41,757,000)
Net income (loss)	13,228,000	(36,906,000)	14,701,000	(122,218,000)
Preferred stock dividends	(2,538,000)		(3,935,000)
Net income (loss) available to common shareholders	$ 10,690,000	$ (36,906,000)	$ 10,766,000	$ (122,218,000)
Net income (loss) per common share:
Basic	$ 0.49	$ (2.44)	$ 0.49	$ (8.10)
Diluted	$ 0.47	$ (2.44)	$ 0.47	$ (8.10)
Weighted average common shares outstanding:
Basic	21,917	15,155	21,828	15,096
Diluted	22,894	15,155	22,836	15,096

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Stockholders' Deficit (UNAUDITED) - 6 months ended Jun. 30, 2017 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Preferred Stock	Additional Paid-in Capital	Accumulated Deficit
Beginning Balance at Dec. 31, 2016	$ (75,747)	$ 2		$ 948,380	$ (1,024,129)
Beginning Balance (in shares) at Dec. 31, 2016		21,933	63
Issuance of stock, restricted stock and share-based compensation	5,867			5,867
Issuance of stock, restricted stock and share-based compensation (in shares)		567
Redemption of restricted stock for employee income tax and restricted stock forfeitures	(3,295)			(3,295)
Redemption of restricted stock for employee income tax and restricted stock forfeitures (in shares)		(89)
Exercise of employee options to purchase common stock	177			177
Exercise of employee options to purchase common stock (in shares)		54
Preferred stock dividend	(3,935)				(3,935)
Net income	14,701				14,701
Ending Balance at Jun. 30, 2017	$ (62,232)	$ 2		$ 951,129	$ (1,013,363)
Ending Balance (in shares) at Jun. 30, 2017		22,465	63

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities:
Net income (loss)	$ 14,701,000	$ (122,218,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depletion, depreciation, amortization, and asset retirement obligation accretion	38,368,000	21,226,000
Impairment of proved oil and gas properties	0	58,000,000
Amortization of deferred financing costs and long-term debt premium and discount	8,263,000	2,610,000
Share-based compensation	5,951,000	3,733,000
Commodity derivative instruments (gain) loss	(18,298,000)	15,711,000
Commodity derivative settlement gain	1,406,000	48,292,000
Change in operating assets and liabilities:
Accounts receivable	(11,366,000)	(5,338,000)
Other current assets	(113,000)	(400,000)
Accounts payable and accrued expenses	11,252,000	1,828,000
Accrued interest payable	1,995,000	29,000
Net cash provided by operating activities	52,159,000	23,473,000
Investing activities:
Oil and gas exploration and development expenditures	(118,484,000)	(60,568,000)
Purchase of oil and gas properties	(161,264,000)	0
Proceeds from sale of oil and gas properties	20,292,000	(32,000)
Purchase of other property and equipment	(2,396,000)	(69,000)
Restricted cash	(25,000)	(1,638,000)
Other long-term assets	8,000	25,000
Net cash used in investing activities	(261,869,000)	(62,282,000)
Financing activities:
Proceeds from bank borrowings	213,000,000	57,500,000
Repayments of borrowings	(123,000,000)	(27,500,000)
Proceeds from issuance of senior notes	126,875,000	0
Repayment of term loan	(128,303,000)	0
Payment of financing costs	(5,068,000)	0
Payment of preferred dividend	(2,666,000)	0
Redemption of restricted stock for employee income taxes	(3,295,000)	(64,000)
Proceeds from exercise of employee options to purchase common stock	177,000	0
Net cash provided by financing activities	77,720,000	29,936,000
Net decrease in cash and cash equivalents	(131,990,000)	(8,873,000)
Cash and cash equivalents at beginning of period	133,089,000	9,297,000
Cash and cash equivalents at end of period	$ 1,099,000	$ 424,000

Organization and Nature of Busi

Organization and Nature of Business	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Organization and Nature of Business	Note 1 — Organization and Nature of Business Resolute Energy Corporation (“Resolute” or the “Company”), is an independent oil and gas company engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company’s operating assets are comprised of properties in the Delaware Basin in west Texas (the “Delaware Basin Properties”) and Aneth Field located in the Paradox Basin in southeast Utah (the “Aneth Field Properties” or “Aneth Field”). The Company conducts all of its activities in the United States of America. Resolute Energy Corporation, the stand-alone parent entity, has insignificant independent assets and no operations. There are no restrictions on the Company’s ability to obtain cash dividends or other distributions of funds from its subsidiaries, except those imposed by applicable law.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Note 2 — Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation The unaudited condensed consolidated financial statements include Resolute and its subsidiaries, and have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and Regulation S-X for interim financial reporting. Except as disclosed herein, there has been no material change in our basis of presentation from the information disclosed in the notes to Resolute’s consolidated financial statements for the year ended December 31, 2016. In the opinion of management, all adjustments consisting of normal recurring accruals considered necessary for a fair presentation of the interim financial information have been included. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the full year. All intercompany transactions have been eliminated upon consolidation. Certain prior period amounts have been reclassified to conform to the current period presentation. In connection with the preparation of the condensed consolidated financial statements, Resolute evaluated subsequent events that occurred after the balance sheet date, through the date of filing. Significant Accounting Policies The significant accounting policies followed by Resolute are set forth in Resolute’s consolidated financial statements for the year ended December 31, 2016. These unaudited condensed consolidated financial statements are to be read in conjunction with the consolidated financial statements appearing in Resolute’s Annual Report on Form 10-K and related notes for the year ended December 31, 2016. Recent Accounting Pronouncements In January 2017 the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In May 2014 the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which creates Topic 606 (“ASC 606”). ASC 606 supersedes existing revenue recognition requirements under GAAP and will require entities to recognize revenue at an amount that reflects the consideration to which we expect to be entitled in exchange for transferring goods or services to a customer. Additional disclosures will be required as to the nature, timing and uncertainty of revenue and cash flows from contracts with customers. In August 2015 the FASB issued ASU 2015-14, which defers the effective date of ASU 2014-09 for one year to annual reports beginning after December 15, 2017. Early adoption is permitted for fiscal years beginning after December 15, 2016. In May 2016 the FASB issued ASU 2016-12 : Revenue from Contracts with Customers (Topic 606): Narrow Scope Improvements and Practical Expedients In February 2016 the FASB issued new authoritative guidance related to the accounting of leases. The main provisions require that lessees recognize both a lease liability and a right-of-use asset at the commencement date. This authoritative accounting guidance is effective for the annual period beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2018. The Company is currently evaluating the provisions of this guidance and assessing its impact on the Company’s financial statements and disclosures. Assumptions, Judgments and Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make various assumptions, judgments and estimates to determine the reported amounts of assets, liabilities, revenue and expenses, and in the disclosures of commitments and contingencies. Changes in these assumptions, judgments and estimates will occur as a result of the passage of time and the occurrence of future events. Accordingly, actual results could differ from amounts previously established. Significant estimates with regard to the condensed consolidated financial statements include proved oil and gas reserve volumes and the related present value of estimated future net cash flows used in the ceiling test applied to capitalized oil and gas properties; asset retirement obligations; valuation of derivative assets and liabilities; the estimated fair value and allocation of the purchase price related to business combinations; share-based compensation expense; cash-settled long-term incentive expense; depletion, depreciation and amortization; accrued liabilities; revenue and related receivables and income taxes. Accounts Receivable The Company’s accounts receivable consist of the following as of the dates indicated (in thousands): June 30, 2017 December 31, 2016 Trade receivables $ 24,564 $ 14,898 Revenue receivables 40,323 32,817 Derivative receivables 1,098 5,695 Other receivables 7,458 1,818 Total accounts receivable $ 73,443 $ 55,228 The Company’s accounts receivable consist mainly of receivables from oil, gas, and natural gas liquids (“NGL”) purchasers and from joint interest owners on properties the Company operates. For receivables from joint interest owners, the Company typically has the ability to withhold future revenue disbursements to recover non-payment of joint interest billings. Generally, the Company’s oil and gas receivables are due within fifteen days and are collected in less than two months, and the Company historically has had limited receivables that were not collected. The Company routinely assesses the recoverability of all material trade and other receivables to determine their collectability. As of June 30, 2017 and December 31, 2016, the Company had no allowance for doubtful accounts recorded. Oil and Gas Properties Pursuant to full cost accounting rules, Resolute is required to perform a quarterly “ceiling test” calculation to test its oil and gas properties for possible impairment. The primary components impacting the calculation are commodity prices, reserve quantities and associated production, overall exploration and development costs and depletion expense. If the net capitalized cost of the Company’s oil and gas properties subject to amortization (the “carrying value”) exceeds the ceiling limitation, the excess would be charged to expense. The ceiling limitation is equal to the sum of the present value discounted at 10% of estimated future net cash flows from proved reserves, the cost of properties not being amortized, the lower of cost or estimated fair value of unproven properties included in the costs being amortized, and all related income tax effects. No impairment was recorded for the three and six months ended June 30, 2017. For the three and six months ended June 30, 2016, the Company recorded non-cash impairments of its oil and gas properties of $0 and $58 million, respectively, as a result of the ceiling test limitation. If in future periods a negative factor impacts one or more of the components of the calculation, including market prices of oil and gas (based on a trailing twelve-month unweighted average of the oil and gas prices in effect on the first day of each month), differentials from posted prices, future drilling and capital plans, operating costs or expected production, the Company may incur further full cost ceiling impairment related to its oil and gas properties in such periods.

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Acquisitions and Divestitures	Note 3 — Acquisitions and Divestitures Acquisition of Reeves County Properties in the Delaware Basin Delaware Basin Bronco Acquisition On March 3, 2017, Resolute Natural Resources Southwest, LLC (“Resolute Southwest”), a wholly owned subsidiary of the Company, entered into a Purchase and Sale Agreement with CP Exploration II, LLC and Petrocap CPX, LLC pursuant to which Resolute Southwest agreed to acquire certain undeveloped and developed oil and gas properties in the Delaware Basin in Reeves County, Texas (the “Delaware Basin Bronco Acquisition”). The closing of the Delaware Basin Bronco Acquisition occurred on May 15, 2017, with an effective date of May 1, 2017. The acquisition was accounted for as an asset acquisition, and therefore, the properties were recorded based on the fair value of the total consideration transferred on the acquisition date and transaction costs were capitalized as a component of the cost of the assets acquired. The Company acquired these properties for $161.3 million, which it financed substantially with proceeds received from the offering of $125 million of 8.50% Senior Notes due 2020 (as defined in Note 5) that closed in May 2017. The Company recorded $144.8 million of the total consideration transferred as unproved oil and gas property. The properties acquired include approximately 4,600 net acres in Reeves County, Texas, which were considered predominantly unproved, consisting of 2,187 net acres adjacent to the Company’s existing operating area in Reeves County and 2,405 net acres in southern Reeves County. Delaware Basin Firewheel Acquisition In October 2016 Resolute and Resolute Southwest entered into a Purchase and Sale Agreement with Firewheel Energy, LLC (“Firewheel”) pursuant to which Resolute Southwest agreed to acquire certain oil and gas interests in the Delaware Basin in Reeves County, Texas (the “Firewheel Properties”), for consideration to Firewheel consisting of $90 million in cash and 2,114,523 shares of common stock of the Company, par value $0.0001 per share, issued to Firewheel upon the closing of the purchase of the Firewheel Properties (the “Delaware Basin Firewheel Acquisition”). The closing of the Delaware Basin Firewheel Acquisition occurred on October 7, 2016. The Company acquired the Firewheel Properties for $153.2 million. Revenue and expenses related to the acquired properties are included in the consolidated statement of operations on the closing date of the transaction. The Delaware Basin Firewheel Acquisition was accounted for as a business combination using the acquisition method. The Company completed its assessment of the fair values of the assets acquired and liabilities assumed. Accordingly, the following table presents the purchase price allocation of the Delaware Basin Firewheel Acquisition at the indicated date below, based on the fair values of assets acquired and liabilities assumed (in thousands): December 31, 2016 Proved oil and gas properties $ 40,900 Unproved oil and gas properties 112,800 Asset retirement obligations assumed (500 ) Total purchase price $ 153,200 Divestiture of Southeast New Mexico Properties in the Permian Basin In February 2017 the Company closed on the sale of its Denton and South Knowles properties in the Northwest Shelf project area in Lea County, New Mexico, for approximately $14.5 million in cash, subject to customary purchase price adjustments. The effective date of this sale was October 1, 2016. The proceeds of the sale were used to reduce amounts outstanding under the Company’s Revolving Credit Facility (as defined in Note 5) and for other corporate purposes. As part of the sale, the Company was also no longer liable for asset retirement obligations of $3.6 million at March 31, 2017. Divestiture of Midstream Assets in the Delaware Basin In July 2016 Resolute Southwest entered into a definitive Purchase and Sale Agreement (the “Mustang Agreement”) with Caprock Permian Processing LLC and Caprock Field Services LLC, as buyers (collectively, “Caprock”) pursuant to which Resolute Southwest and an existing minority interest holder agreed to sell certain gas gathering and produced water handling and disposal systems owned by them in the Mustang project area in Reeves County, Texas, (“Mustang”) for a cash payment of $35 million, plus certain earn-out payments described below. In July 2016 Resolute Southwest also entered into a definitive Purchase and Sale Agreement (the “Appaloosa Agreement”) with Caprock, pursuant to which Resolute Southwest agreed to sell certain gas gathering and produced water handling and disposal systems owned by Resolute Southwest in the Appaloosa project area in Reeves County, Texas, (“Appaloosa”) for a cash payment of $15 million, plus certain earn-out payments described below. In August 2016 Resolute Southwest closed the transactions contemplated by the Mustang Agreement and the Appaloosa Agreement. Resolute Southwest received aggregate consideration of approximately $36 million (including earn-out payments earned as of the closing). As the sale did not significantly alter the relationship between capital costs and proved reserves, no gain or loss was recognized. The net proceeds of the midstream sale were used to repay amounts outstanding under the Company’s Revolving Credit Facility (as defined in Note 5) and for general corporate purposes. In July 2016, in connection with the Appaloosa Agreement and the Mustang Agreement, Resolute Southwest also entered into a definitive Earn-out Agreement (the “Earn-out Agreement”), pursuant to which Resolute Southwest will be entitled to receive certain earn-out payments based on drilling and completion activity in Appaloosa and Mustang through 2020 that will deliver gas and produced water into the system. Earn-out payments for each qualifying well will vary depending on the lateral length of the well and the year in which the well is drilled and completed. In March 2017 the Earn-out Agreement was amended by the parties to provide for an increase in earn-out payments for the wells drilled and completed in 2017. Earn-out payments are contingent on future drilling, and therefore will be recognized when earned. In connection with the closing of the transactions contemplated by the Appaloosa Agreement and the Mustang Agreement, Resolute Southwest entered into fifteen year commercial agreements with Caprock for gas gathering services and water handling and disposal services for all current and future gas and water produced by Resolute Southwest in Mustang and Appaloosa in exchange for customary fees based on the volume of gas and water produced and delivered. Resolute Southwest has agreed to dedicate and deliver all gas and water produced from its acreage in Mustang and Appaloosa to Caprock for gathering, processing, compression and disposal services for a term of fifteen years. In April 2017, Resolute Southwest entered into a Crude Oil Connection and Dedication Agreement with Caprock Permian Crude LLC (“Caprock Crude”), an affiliate of Caprock. The agreement provides that Caprock Crude will construct the gathering systems, pipelines and other infrastructure for the gathering of crude oil from our Mustang and Appaloosa operating areas in exchange for customary fees based on the volume of crude oil produced and delivered. Resolute Southwest has agreed to dedicate and deliver all crude oil produced from its acreage in Mustang and Appaloosa to Caprock Crude for gathering for a term through July 31, 2031, coterminous with our other commercial agreements with Caprock Crude. For the first five years of the agreement, the crude oil will be delivered to Midland Station under a joint tariff arrangement between Caprock Crude and Plains Pipeline, L.P. In April 2017, Resolute Southwest also entered into a Crude Oil Purchase Contract with Plains Marketing, L.P. providing for the sale to Plains of substantially all of the crude oil produced from the Mustang and Appaloosa areas for a price equal to an indexed market price less a $1.75 transportation differential that will cover the joint tariff payable to Caprock Crude under the Crude Oil Connection and Dedication Agreement. Pro Forma Financial Information The unaudited pro forma financial information for the three and six months ended June 30, 2016 reflects Resolute’s results as if the Delaware Basin Firewheel Acquisition and the sale of the Delaware Basin Midstream Assets had occurred on January 1, 2016 (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, 2016 June 30, 2016 Revenue $ 38,319 $ 58,723 Loss from operations (4,142 ) (81,783 ) Net loss (36,865 ) (123,929 ) Net loss per share Basic and diluted $ (2.13 ) $ (7.20 ) Weighted average common shares outstanding Basic and diluted 17,270 17,211

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings per Share	Note 4 — Earnings per Share The Company computes basic net income (loss) per share using the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed using the weighted average number of shares of common stock and, if dilutive, potential shares of common stock outstanding during the period. Net income (loss) available to common stockholders is computed by deducting both the dividends declared in the period on preferred stock and the dividends accumulated for the period on cumulative preferred stock from net income. Potentially dilutive shares consist of the incremental shares and options issuable under the Company’s 2009 Performance Incentive Plan (the “Incentive Plan”) as well as common shares issuable upon the assumed conversion of the Convertible Preferred Stock (as defined in Note 7). The treasury stock method is used to measure the dilutive impact of potentially dilutive shares. The following table details the potential weighted average dilutive and anti-dilutive securities for the periods presented (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Potential dilutive restricted stock 3,782 917 3,704 663 Anti-dilutive securities 2,116 1,474 2,116 1,305 The following table sets forth the computation of basic and diluted net income (loss) per share of common stock for the periods presented (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net income (loss) available to common stockholders $ 10,690 $ (36,906 ) $ 10,766 $ (122,218 ) Basic weighted average common shares outstanding 21,917 15,155 21,828 15,096 Add: dilutive effect of non-vested restricted stock 118 — 138 — Add: dilutive effect of options 859 — 870 — Diluted weighted average common shares outstanding 22,894 15,155 22,836 15,096 Basic net income (loss) per common share $ 0.49 $ (2.44 ) $ 0.49 $ (8.10 ) Diluted net income (loss) per common share $ 0.47 $ (2.44 ) $ 0.47 $ (8.10 )

Long Term Debt

Long Term Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Long Term Debt	Note 5 — Long Term Debt As of the dates indicated, the Company’s long-term debt consisted of the following (in thousands): Principal Unamortized premium/ (discount) Unamortized deferred financing costs June 30, 2017 Revolving credit facility $ 100,000 $ — $ (3,117 ) $ 96,883 8.50% senior notes 525,000 2,650 (4,652 ) 522,998 Total long-term debt $ 625,000 $ 2,650 $ (7,769 ) $ 619,881 Principal Unamortized premium/ (discount) Unamortized deferred financing costs December 31, 2016 Revolving credit facility $ 10,000 $ — $ (1,179 ) $ 8,821 Secured term loan facility 128,303 (4,882 ) (1,282 ) 122,139 8.50% senior notes 400,000 985 (3,831 ) 397,154 Total long-term debt $ 538,303 $ (3,897 ) $ (6,292 ) $ 528,114 Current portion of secured term loan facility 128,303 (4,882 ) (1,282 ) 122,139 Long-term debt $ 410,000 $ 985 $ (5,010 ) $ 405,975 For the three months ended June 30, 2017 and 2016, the Company incurred interest expense on long-term debt of $8.8 million and $13.0 million, respectively. For the six months ended June 30, 2017 and 2016, the Company incurred interest expense on long-term debt of $26.5 million and $26.1 million, respectively. Approximately $9.7 million in interest expense was incurred in 2017 as a result of the extinguishment of the Secured Term Loan Facility (as defined below) on January 3, 2017. Additionally, $1.0 million in interest expense was incurred in 2017 as a result of the fees associated with the $100 million unsecured bridge facility with BMO Capital Markets that terminated because the facility was never drawn in connection with the Delaware Basin Bronco Acquisition. The Company capitalized $3.7 million and $0.6 million of interest expense during the three months ended June 30, 2017 and 2016, respectively. The Company capitalized $6.2 million and $1.1 million of interest expense during the six months ended June 30, 2017 and 2016, respectively. During the three months ended June 30, 2017 and 2016, the Company paid cash for interest expense in the amount of $14.7 million and $20.1 million, respectively. During the six months ended June 30, 2017 and 2016, the Company paid cash for interest expense in the amount of $16.2 million and $23.4 million, respectively. Revolving Credit Facility On February 17, 2017, the Company entered into the Third Amended and Restated Credit Agreement with a syndicate of banks led by Bank of Montreal, as Administrative Agent, Capital One, National Association, as syndication agent, and Barclays Bank PLC, ING Capital LLC and SunTrust Bank, as The Revolving Credit Facility specifies a maximum borrowing base as determined by the lenders, which was initially set at $150 million. The determination of the borrowing base takes into consideration the estimated value of Resolute’s oil and gas properties in accordance with the lenders’ customary practices for oil and gas loans. The borrowing base is redetermined semi-annually, and the amount available for borrowing could be increased or decreased as a result of such redeterminations. Under certain circumstances, either Resolute or the lenders may request an interim redetermination. The Revolving Credit Facility matures in February 2021, unless there is a maturity of material indebtedness prior to such date. Pursuant to the spring borrowing base redetermination, the borrowing base was increased to $225 million, effective April 17, 2017. On May 8, 2017, the Company entered into the First Amendment to the Third Amended and Restated Credit Agreement. The First Amendment, among other things, amended the leverage ratio covenant to increase the maximum ratio to (a) 4.50:1.00 for the fiscal quarter ending June 30, 2017, (b) 4.25:1.00 for the fiscal quarter ending September 30, 2017 and (c) 4.00:1.00 for the fiscal quarters ending thereafter. Furthermore, the amendment provided that the borrowing base shall automatically be reduced by 25% of all unsecured indebtedness of the Company in excess of $500 million. As a result of the issuance of the Incremental Senior Notes (defined below) on May 9, 2017, the borrowing base was reduced to $218.8 million. The Revolving Credit Facility includes other covenants that require, among other things, that Resolute maintains a ratio of current assets to current liabilities of no less than 1.00 to 1.00. The Revolving Credit Facility prohibits us from entering into derivative arrangements for more than (i) 85% of our anticipated production from proved properties in the next two years and (ii) the greater of 75% of our anticipated production from proved properties or 85% of our production from projected proved developed producing properties after such two year period (not to exceed a term of 60 months for any such derivative arrangement). The Revolving Credit Facility also includes customary additional terms and covenants that place limitations on certain types of activities, the payment of dividends, and that require satisfaction of certain financial tests. As of June 30, 2017, outstanding borrowings under the Revolving Credit Facility were $100 million with a weighted average interest rate of 4.64%, under a borrowing base of $218.8 million. To the extent that the borrowing base, as adjusted from time to time, exceeds the outstanding balance, no repayments of principal are required prior to maturity. However, should the borrowing base be set at a level below the outstanding balance, Resolute would be required to eliminate that excess within 120 days following that determination. The Revolving Credit Facility is guaranteed by all of Resolute’s subsidiaries and is collateralized by substantially all of the assets of the Company’s Aneth Field and Delaware Basin assets held by Resolute Aneth, LLC and Resolute Natural Resources Southwest, LLC, which are wholly-owned subsidiaries of the Company. Each base rate borrowing under the Revolving Credit Facility accrues interest at either (a) the London Interbank Offered Rate (“LIBOR”), plus a margin that ranges from 3.0% to 4.0% or (b) the Alternative Base Rate defined as the greater of (i) the Administrative Agent’s Prime Rate (ii) the Federal Funds effective Rate plus 0.5% or (iii) an adjusted London Interbank Offered Rate plus a margin that ranges from 2.0% to 3.0%. Each such margin is based on the level of utilization under the borrowing base. Secured Term Loan Agreement In December 2014 Resolute and certain of its subsidiaries, as guarantors, entered into a second lien Secured Term Loan Agreement with Bank of Montreal, as administrative agent, and the lenders party thereto, pursuant to which the Company borrowed $150 million (the “Secured Term Loan Facility”). In May 2015 Resolute and certain of its subsidiaries, as guarantors, entered into an Amendment to the Secured Term Loan Agreement and Increased Facility Activation Notice-Incremental Term Loans (the “Amendment”) with Bank of Montreal, as administrative agent, and the lenders party thereto, pursuant to which the Company borrowed an additional $50 million of second lien term debt (the “Incremental Term Loans”) under its Secured Term Loan Facility. In December 2015 the Company retired $70 million of the amount outstanding under the Secured Term Loan Facility following the sale of certain properties in the Midland Basin in accordance with mandatory prepayment provisions stipulated in the Secured Term Loan Facility. On January 3, 2017, the Company repaid approximately $132 million constituting all amounts due under the Secured Term Loan Facility (including prepayment fees of $3.5 million), with a portion of the proceeds from its previously announced common stock offering that closed on December 23, 2016. In addition $6.2 million of deferred financing costs and original issue discount were expensed as part of the extinguishment. The Secured Term Loan Facility was terminated in connection with the repayment. Senior Notes In 2012 the Company consummated two private placements of senior notes with principal totaling $400 million (the “Original Senior Notes”). The Original Senior Notes are due May 1, 2020, and bear an annual interest rate of 8.50% with the interest on the Original Senior Notes payable semiannually in cash on May 1 and November 1 of each year. On May 9, 2017, the Company consummated a private placement of senior notes totaling an additional $125 million aggregate principal amount of the Company’s 8.50% Senior Notes due 2020 (the “Incremental Senior Notes”), under the same indenture as the Original Senior Notes that were previously issued (collectively referred to as the “Senior Notes”). The net proceeds of the offering of the Incremental Senior Notes, after reflecting the purchasers’ discounts and commissions, and estimated offering expenses, were approximately $125.4 million. The closing of the Incremental Senior Notes occurred on May 12, 2017. The Senior Notes were issued under an Indenture (the “Indenture”) among the Company and the Company’s existing subsidiaries (the “Guarantors”) in a private transaction not subject to the registration requirements of the Securities Act of 1933. In March 2013 and July 2017 the Company registered the exchange of the Original Senior Notes and the Incremental Senior Notes, respectively, with the Securities and Exchange Commission pursuant to registration statements on Form S-4 that enabled holders of the Senior Notes to exchange the privately placed Senior Notes for registered Senior Notes with substantially identical terms. All of the Original Senior Notes and Incremental Senior Notes have been exchanged for publically registered Senior Notes. The Indenture contains affirmative and negative covenants that, among other things, limit the Company’s and the Guarantors’ ability to make investments, incur additional indebtedness or issue certain types of preferred stock, create liens, sell assets, enter into agreements that restrict dividends or other payments by restricted subsidiaries, consolidate, merge or transfer all or substantially all of the assets of the Company, engage in transactions with the Company’s affiliates, pay dividends or make other distributions on capital stock or prepay subordinated indebtedness and create unrestricted subsidiaries. The Indenture also contains customary events of default. Upon occurrence of events of default arising from certain events of bankruptcy or insolvency, the Senior Notes shall become due and payable immediately without any declaration or other act of the trustee or the holders of the Senior Notes. Upon the occurrence of certain other events of default, the trustee or the holders of the Senior Notes may declare all outstanding Senior Notes to be due and payable immediately. The Company was in compliance with all financial covenants under its Senior Notes as of June 30, 2017. The Senior Notes are general unsecured senior obligations of the Company and guaranteed on a senior unsecured basis by the Guarantors. The Senior Notes rank equally in right of payment with all existing and future senior indebtedness of the Company, will be subordinated in right of payment to all existing and future senior secured indebtedness of the Guarantors, will rank senior in right of payment to any future subordinated indebtedness of the Company and will be fully and unconditionally guaranteed by the Guarantors on a senior basis. The Senior Notes are redeemable by the Company on not less than 30 or more than 60 days’ prior notice, at redemption prices set forth in the Indenture. If a change of control occurs, each holder of the Senior Notes will have the right to require that the Company purchase all of such holder’s Senior Notes in an amount equal to 101% of the principal of such Senior Notes, plus accrued and unpaid interest, if any, to the date of the purchase. The fair value of the Senior Notes at June 30, 2017, was estimated to be $522.5 million based upon data from independent market makers (Level 2 fair value measurement).

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 6 — Income Taxes Income tax benefit (expense) during interim periods is based on applying an estimated annual effective income tax rate to year-to-date income (loss), plus any significant, unusual or infrequently occurring items that are recorded in the interim period. The provision for income taxes for the three and six months ended June 30, 2017 and 2016, differs from the amount that would be provided by applying the statutory U.S. federal income tax rate of 35% to income before income taxes. This difference relates primarily to the valuation allowance established, in addition to state income taxes and estimated permanent differences. There was no provision for income taxes during the three and six months ended June 30, 2017 and 2016. The Company had no reserve for uncertain tax positions as of June 30, 2017. The Company assesses the recoverability of its deferred tax assets each period by considering whether it is more likely than not that all or a portion of the deferred tax assets will be realized. The Company considers all available evidence (both positive and negative) in determining whether a valuation allowance is required. As a result of the Company’s analysis, it was concluded that as of June 30, 2017, a valuation allowance should be established against the Company’s net deferred tax asset. The Company recorded a valuation allowance as of June 30, 2017 and December 31, 2016, of $304.2 million and $309.6 million, respectively, on its long-term deferred tax asset. The Company will continue to monitor facts and circumstances in the reassessment of the likelihood that the deferred tax assets will be realized.

Stockholders' Equity and Long-t

Stockholders' Equity and Long-term Employee Incentive Plan	6 Months Ended
	Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stockholders' Equity and Long-term Employee Incentive Plan	Note 7 — Stockholders’ Equity and Long-term Employee Incentive Plan Preferred Stock The Company is authorized to issue up to 1,000,000 shares of preferred stock, par value $0.0001 with such designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. At June 30, 2017 and December 31, 2016, the Company had 62,500 shares of preferred stock issued and outstanding. In October 2016, the Company entered into a Purchase Agreement (the “Preferred Stock Purchase Agreement”) with BMO Capital Markets Corp. (“Initial Purchaser”), pursuant to which the Company agreed to issue and sell to Initial Purchaser 55,000 shares (the “Firm Securities”) of the Company’s 8⅛% Series B Cumulative Perpetual Convertible Preferred Stock, par value $0.0001 per share (the “Convertible Preferred Stock”) and, at Initial Purchaser’s option, up to 7,500 additional shares of Convertible Preferred Stock (together with the Firm Securities, collectively, the “Securities”). The Initial Purchaser exercised its over-allotment option to purchase the additional 7,500 shares of Convertible Preferred Stock in full, bringing the total shares of Convertible Preferred Stock purchased by Initial Purchaser to 62,500, for an aggregate net consideration of $60 million, before offering expenses. Each holder has the right at any time, at its option, to convert, any or all of such holder’s shares of Convertible Preferred Stock at an initial conversion rate of 33.8616 shares of fully paid and nonassessable shares of Common Stock, per share of Convertible Preferred Stock. Additionally, at any time on or after October 15, 2021, the Company shall have the right, at its option, to elect to cause all, and not part, of the outstanding shares of Convertible Preferred Stock to be automatically converted into that number of shares of Common Stock for each share of Convertible Preferred Stock equal to the conversion rate in effect on the mandatory conversion date as such terms are defined in the Certificate of Designation. A preferred dividend of $1.3 million was declared on June 19, 2017, and paid on July 17, 2017, to holders of record at the close of business on July 1, 2017. Common Stock The authorized common stock of the Company consists of 45,000,000 shares. The holders of the common shares are entitled to one vote for each share of common stock. In addition, the holders of the common stock are entitled to receive dividends when, as and if declared by the Board of Directors. At June 30, 2017 and December 31, 2016, the Company had 22,465,108 and 21,932,842 shares of common stock issued and outstanding, respectively. In May 2016, Resolute adopted a stockholder rights plan and in connection with such plan declared a dividend of one preferred share purchase right (a “Right”) for each outstanding share of common stock, par value $0.0001 per share. The Rights trade with, and are inseparable from, the common stock until such time as they become exercisable on the distribution date. The Rights are evidenced only by certificates that represent shares of common stock and not by separate certificates. New Rights will accompany any new shares of common stock issued after May 27, 2016, until the earlier of the distribution date and the redemption or expiration of the rights. Each Right allows its holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock In June 2016 Resolute filed a certificate of amendment to its certificate of incorporation to effect the previously-announced reverse stock split of the Company’s common stock, par value $0.0001 per share, at a ratio of 1-for-5 (the “Reverse Stock Split”). The certificate of amendment also reduced the number of authorized shares of common stock from 225,000,000 to 45,000,000. The Reverse Stock Split, including the certificate of amendment, was approved by stockholders at the Company’s 2016 annual meeting of stockholders and by the Company’s Board of Directors. As a result, the Company is now in compliance with the $1.00 per share minimum price requirement of the New York Stock Exchange (the “NYSE”). All historical share amounts disclosed have been retroactively adjusted to reflect this Reverse Stock Split. During the fourth quarter of 2016, the Company issued 4,370,000 shares of common stock in a public offering at $38.00 per share for net proceeds of $160.9 million, after deducting fees and estimated expenses. The net proceeds were used to repay outstanding borrowings under the Secured Term Loan Facility and Revolving Credit Facility. Long Term Employee Incentive Plan The Company accounts for share-based compensation in accordance with FASB ASC Topic 718, Stock Compensation. In July 2009, the Company adopted the 2009 Long Term Performance Incentive Plan, providing for long-term share-based awards intended as a means for the Company to attract, motivate, retain and reward directors, officers, employees and other eligible persons through the grant of awards and incentives for high levels of individual performance and improved financial performance of the Company. The share-based awards are also intended to further align the interests of award recipients and the Company’s stockholders. The maximum number of shares of common stock that may be issued under the Incentive Plan is 4,901,548 (which includes the 1,000,000 shares under Amendment No. 3 to the Incentive Plan approved by the Company’s stockholders in May 2016 and the 1,450,000 shares under Amendment No. 4 to the Incentive Plan approved by the Company’s stockholders in May 2017). For the three and six months ended June 30, 2017 and 2016, the Company recorded expense related to the Incentive Plan as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Time-based restricted stock awards $ 1,551 $ 941 $ 3,051 $ 2,719 TSR awards 1,387 219 2,303 556 Stock option awards 39 247 496 436 Total share-based compensation expense 2,977 1,407 5,850 3,711 Time-based restricted cash awards 627 1,040 906 1,690 Performance-based restricted cash awards 698 89 1,205 127 Cash-settled stock appreciation awards (2,738 ) 306 1,903 416 Total cash-based compensation expense (1,413 ) 1,435 4,014 2,233 Total Incentive Plan compensation expense $ 1,564 $ 2,842 $ 9,864 $ 5,944 As of June 30, 2017, the Company held unrecognized share-based compensation expense (in thousands) which is expected to be recognized over a weighted-average period as follows: Weighted Unrecognized Average Compensation Years Expense Remaining Time-based restricted stock awards $ 13,187 2.5 TSR awards 7,915 2.7 Stock option awards 1,227 1.5 Total unrecognized compensation expense $ 22,329 Equity Awards Equity awards consist of service-based and performance-based restricted stock and stock options under the Incentive Plan. All historical exercise, base and threshold prices disclosed have been retroactively adjusted to reflect the Reverse Stock Split. Time-Based Restricted Stock Awards Shares of time-based restricted stock issued to employees generally vest in three equal annual installments at specified dates based on continued employment. Shares issued to non-employee directors vest in one year based on continued service. The compensation expense to be recognized for the time-based restricted stock awards was measured based on the Company’s closing stock price on the dates of grant, utilizing estimated forfeiture rates between 0% and 15% which are updated periodically based on actual employee turnover. During the six months ended June 30, 2017, the Company granted 372,720 shares of time-based restricted stock to employees and non-employee directors, pursuant to the Incentive Plan. The following table summarizes the changes in non-vested time-based restricted stock awards for the six months ended June 30, 2017: Weighted Average Grant Date Shares Fair Value Non-vested, beginning of period 151,781 $ 25.07 Granted 372,720 43.92 Vested (115,264 ) 28.70 Forfeited (2,117 ) 43.91 Non-vested, end of period 407,120 $ 41.20 TSR Awards In February 2017 the Board and its Compensation Committee awarded performance-based restricted shares to senior employees and executive officers of the Company under the Incentive Plan. The restricted stock grants vest only upon achievement of thresholds of cumulative total shareholder return (“TSR”) as compared to a specified peer group (the “Performance-Vested Shares”). A TSR percentile (the “TSR Percentile”) is calculated based on the change in the value of the Company’s common stock between the grant date and the applicable vesting date, including any dividends paid during the period, as compared to the respective TSRs of a specified group of twelve peer companies. The Performance-Vested Shares vest in three installments to the extent that the applicable TSR Percentile ranking thresholds are met upon the one-, two- and three-year anniversaries of the grant date. Performance-Vested Shares that are eligible to vest on a vesting date, but do not qualify for vesting, become eligible for vesting again on the next vesting date. All Performance-Vested Shares that do not vest as of the final vesting date will be forfeited on such date. The Board and its Compensation Committee also granted rights to earn additional shares of common stock upon achievement of a higher TSR Percentile (“Outperformance Shares”). The Outperformance Shares are earned in increasing increments based on a TSR Percentile attained over a specified threshold. Outperformance Shares may be earned on any vesting date to the extent that the applicable TSR Percentile ranking thresholds are met in three installments on the one-, two- and three-year anniversaries of the grant date. Outperformance Shares that are earned at a vesting date will be issued to the recipient; however, prior to such issuance, the recipient is not entitled to stockholder rights with respect to Outperformance Shares. Outperformance Shares that are eligible to be earned but remain unearned on a vesting date become eligible to be earned again on the next vesting date. The right to earn any unearned Outperformance Shares terminates immediately following the final vesting date. The Performance-Vested Shares and the Outperformance Shares are referred to as the “TSR Awards.” The compensation expense to be recognized for the TSR Awards was measured based on the estimated fair value at the date of grant using a Monte Carlo simulation model and utilizes estimated forfeiture rates between 0% and 2% which are updated periodically based on actual employee turnover. The valuation model for TSR Awards used the following assumptions: Grant Year Average Expected Volatility Expected Dividend Yield Risk-Free Interest Rate 2017 49.07% - 108.21% 0% 0.83% - 1.45% The following table summarizes the changes in non-vested TSR Awards for the six months ended June 30, 2017: Weighted Average Grant Date Shares Fair Value Non-vested, beginning of period 97,561 $ 66.60 Granted 131,379 77.23 Vested (97,561 ) 66.60 Forfeited (481 ) 77.21 Non-vested, end of period 130,898 $ 77.23 There were no TSR awards granted during the six months ended June 30, 2016. In addition to the vested TSR awards above, 63,024 outperformance shares were also earned and vested during the six months ended June 30, 2017, related to the TSR awards granted in 2014. Stock Option Awards Options issued to employees to purchase shares of common stock vest in three equal annual installments at specified dates based on continued employment with a ten year term. The compensation expense to be recognized for the option awards was measured based on the Company’s estimated fair value at the date of grant using a Black-Scholes pricing model as well as estimated forfeiture rates between 0% and 15%, no dividends, expected stock price volatility ranging from 63% to 67% and a risk-free rate ranging between 1.75% and 2.27%. The following table summarizes the option award activity for the six months ended June 30, 2017: Weighted Weighted Average Aggregate Average Remaining Intrinsic Value Shares Exercise Price Contractual Term (in thousands) Outstanding, beginning of period 1,052,513 $ 4.03 Exercised (55,438 ) 4.07 Forfeited (11,033 ) 3.52 Outstanding, end of period 986,042 $ 4.03 8.4 $ 25,376 Exercisable, end of period 397,719 $ 4.75 8.2 $ 9,949 The weighted average grant date fair value of options granted during the six months ended June 30, 2016, was $1.93. No options were granted during the six months ended June 30, 2017. The total intrinsic value for options exercised during the six months ended June 30, 2017, was $2.0 million. No options were exercised during the six months ended June 30, 2016. Liability Awards Liability awards consist of awards that are settled in cash instead of shares, as discussed below. The fair value of those instruments at a single point in time is not a forecast of what the estimated fair value of those instruments may be in the future. Cash-settled Stock Appreciation Rights A stock appreciation right is the right to receive an amount in cash equal to the excess, if any, of the fair market value of a share of common stock on the date on which the right is exercised over its base price. The February 2016 grants of cash-settled stock appreciation rights hold base prices of $2.65 per share (as to 486,373 rights) and $2.915 per share (as to 1,216,479 rights). The awards granted to employees vest in three equal annual installments and have a ten-year term. The awards granted to non-employee directors vest in one year based on continued service and also have a ten-year term. The compensation expense to be recognized for the cash-settled stock appreciation rights was measured utilizing estimated forfeiture rates between 0% and 15% which will be updated periodically based on actual employee turnover. The fair value of the cash-settled stock appreciation rights as of June 30, 2017, was $45.7 million, of which $20.0 million has been expensed. Time-Based Restricted Cash Awards Awards of time-based restricted cash issued to employees vest in three equal annual increments at specified dates based on continued employment. Time-based restricted cash issued to non-employee directors vests in one year based on continued service. The compensation expense to be recognized for the time-based restricted cash awards was measured utilizing estimated forfeiture rates between 0% and 25% which will be updated periodically based on actual employee turnover. The total estimated future liability of the time-based restricted cash awards as of June 30, 2017, was $9.5 million, of which $5.6 million has been expensed. Performance-Based Restricted Cash Awards The performance criteria for the performance-based restricted cash awards granted in May 2015 are based on future prices of the Company’s common stock trading at or above specified thresholds. If and as certain stock price thresholds are met, using a 60 trading day average, various multiples of the performance-vested cash award will be attained. The first stock price hurdle was at $10.00 at which the award was payable at 1x, and the highest stock price hurdle was $40.00 at which the award was payable at a multiple of 6x. Interim hurdles and multiples between these end points are set forth in the governing agreements. As of June 30, 2017, all of the stock price hurdles up to $40.00 have been met. A time vesting element will apply to the performance-vested cash awards such that attained multiples will not be paid out earlier than upon satisfaction of a three-year vesting timetable from the date of grant. In order for an award to be paid, both the performance criteria and the time criteria would need to be satisfied. Once a time vesting date passes, the employee is entitled to be paid one third, two thirds or 100%, as applicable, of whatever multiples have been achieved provided the employee continues to be employed by the Company. Any multiples achieved following 100% time vesting would be paid within 60 days of such achievement. The estimated fair value of the performance-based restricted cash awards as of June 30, 2017, was $16.8 million of which $15.2 million has been expensed, based upon the three-year vesting. The fair value was estimated using an option pricing model for a cash or nothing call, an estimated forfeiture rate of 5% and an average effective term of less than one year. As the fair value of liability awards is required to be re-measured at each period end, amounts recognized in future periods will vary.

Asset Retirement Obligation

Asset Retirement Obligation	6 Months Ended
	Jun. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	Note 8 — Asset Retirement Obligation Resolute’s estimated asset retirement obligation liability is based on estimated economic lives, estimates as to the cost to abandon the wells and facilities in the future, and federal and state regulatory requirements. The liability is discounted using a credit-adjusted risk-free rate estimated at the time the liability is incurred or revised, that ranges between 7% and 12%. Revisions to the liability could occur due to changes in estimated abandonment costs or well economic lives, or if federal or state regulators enact new requirements regarding the abandonment of wells. Asset retirement obligations are valued utilizing Level 3 fair value measurement inputs. The following table provides a reconciliation of Resolute’s asset retirement obligations for the periods presented (in thousands): Six Months Ended June 30, 2017 2016 Asset retirement obligations at beginning of period $ 20,352 $ 19,238 Additional liability incurred / acquired 168 15 Accretion expense 814 882 Liabilities settled / sold (3,822 ) — Revisions to previous estimates 677 — Asset retirement obligations at end of period 18,189 20,135 Less: current asset retirement obligations (1,354 ) (1,069 ) Long-term asset retirement obligations $ 16,835 $ 19,066

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 9 — Derivative Instruments Resolute enters into commodity derivative contracts to manage its exposure to oil and gas price volatility. Resolute has not elected to designate derivative instruments as hedges under the provisions of FASB ASC Topic 815, Derivatives and Hedging The Company utilizes fixed price swaps, basis swaps, option contracts and two- and three-way collars. These instruments generally entitle Resolute (the floating price payer in most cases) to receive settlement from the counterparty (the fixed price payer in most cases) for each calculation period in amounts, if any, by which the settlement price for the scheduled trading days applicable to each calculation period is less than the fixed strike price or floor price. The Company would pay the counterparty if the settlement price for the scheduled trading days applicable to each calculation period exceeds the fixed strike price or ceiling price. The amount payable by Resolute, if the floating price is above the fixed or ceiling price is the product of the notional contract quantity and the excess of the floating price over the fixed or ceiling price per calculation period. The amount payable by the counterparty, if the floating price is below the fixed or floor price, is the product of the notional contract quantity and the excess of the fixed or floor price over the floating price per calculation period. A three-way collar consists of a two-way collar contract combined with a put option contract sold by the Company with a strike price below the floor price of the two-way collar. The Company receives price protection at the purchased put option floor price of the two-way collar if commodity prices are above the sold put option strike price. If commodity prices fall below the sold put option strike price, the Company receives the cash market price plus the variance between the two put option strike prices. This type of instrument captures more value in a rising commodity price environment, but limits the benefits in a downward commodity price environment. Basis swaps, when used in connection with fixed price swaps, are used to fix the price differential between the NYMEX commodity price and the index price at which the production is sold. As of June 30, 2017, the fair value of the Company’s commodity derivatives was a net asset of $5.0 million (Level 2 fair value measurement). The following table represents Resolute’s commodity swap contracts as of June 30, 2017: Oil (NYMEX WTI) Gas (NYMEX Henry Hub) NGL (Mont Belvieu) Remaining Term Bbl per Day Weighted Average Swap Price per Bbl MMBtu per Day Weighted Average Swap Price per MMBtu Bbl per Day Weighted Average Swap Price per Bbl Jul – Dec 2017 3,000 $ 53.93 13,000 $ 3.431 300 $ 19.53 The following table represents Resolute’s two-way commodity collar contracts as of June 30, 2017: Oil (NYMEX WTI) Gas (NYMEX Henry Hub) Remaining Term Bbl per Day Weighted Average Floor Price per Bbl Weighted Average Ceiling Price per Bbl MMBtu per Day Weighted Average Floor Price per MMBtu Weighted Average Ceiling Price per MMBtu Jul – Dec 2017 2,500 $ 47.80 $ 60.19 9,250 $ 2.477 $ 3.263 The following table represents Resolute’s three-way oil collar contracts as of June 30, 2017: Oil (NYMEX WTI) Weighted Average Weighted Average Weighted Average Remaining Term Bbl per Day Short Put Price per Bbl Floor Price per Bbl Ceiling Price per Bbl Jul – Dec 2017 1,500 $ 40.00 $ 50.00 $ 60.10 The following table represents Resolute’s three-way gas collar contracts as of June 30, 2017: Gas (NYMEX Henry Hub) Weighted Average Short Weighted Average Floor Weighted Average Remaining Term MMBtu per Day Put Price per MMBtu Price per MMBtu Ceiling Price per MMBtu Jul – Dec 2017 1,750 $ 2.721 $ 3.221 $ 3.850 The following table represents Resolute’s commodity option contracts as of June 30, 2017: Oil (NYMEX WTI) Remaining Term Bbl per Day Weighted Average Sold Call Price per Bbl Jan – Dec 2018 1,100 $ 55.00 Jan – Dec 2019 1,100 $ 62.85 Subsequent to June 30, 2017, Resolute entered into additional oil swap contracts as summarized below: Oil (NYMEX WTI) Commodity Swaps Bbl per Day Weighted Average Swap Price per Bbl Jan – Dec 2018 1,500 50.07 The table below summarizes the location and amount of commodity derivative instrument gains and losses reported in the condensed consolidated statements of operations (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Other income (expense): Commodity derivative settlement gain $ 1,656 $ 20,544 $ 1,406 $ 48,292 Mark-to-market gain (loss) 5,802 (40,096 ) 16,892 (64,003 ) Commodity derivative instruments gain (loss) $ 7,458 $ (19,552 ) $ 18,298 $ (15,711 ) Credit Risk in Derivative Instruments Resolute is exposed to credit risk to the extent of nonperformance by the counterparties in the derivative contracts discussed above. All counterparties are current or former lenders under Resolute’s Revolving Credit Facility. Accordingly, Resolute is not required to provide any credit support to its counterparties other than cross collateralization with the properties securing the Revolving Credit Facility. Resolute’s derivative contracts are documented with industry standard contracts known as a Schedule to the Master Agreement and International Swaps and Derivative Association, Inc. Master Agreement (“ISDA”). Typical terms for each ISDA include credit support requirements, cross default provisions, termination events, and set-off provisions. Resolute generally has set-off provisions with its lenders that, in the event of counterparty default, allow Resolute to set-off amounts owed under the Revolving Credit Facility or other general obligations against amounts owed for derivative contract liabilities. Resolute does not offset the fair value amounts of commodity derivative assets and liabilities with the same counterparty for financial reporting purposes. The following is a listing of Resolute’s commodity derivative assets and liabilities required to be measured at fair value on a recurring basis and where they are classified within the hierarchy as of June 30, 2017, and December 31, 2016 (in thousands): Level 2 June 30, 2017 December 31, 2016 Assets Derivative instruments, current $ 7,770 $ 218 Derivative instruments, long term 412 — Total assets $ 8,182 $ 218 Liabilities Derivative instruments, current $ 1,217 $ 8,014 Derivative instruments, long term 1,974 4,104 Total liabilities $ 3,191 $ 12,118 As of June 30, 2017, the maximum amount of loss in the event of all counterparties defaulting was $5.0 million.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10 — Commitments and Contingencies CO 2 Take-or-Pay Agreements Resolute is party to a take-or-pay purchase agreement with Kinder Morgan CO 2 2 2 2 2 Future minimum CO 2 CO 2 Year Commitments 2017 2,760 2018 5,475 Total $ 8,235 The terms of the CO 2 2 2 Cooperative Agreement with Navajo Nation Oil and Gas Company Resolute is party to a cooperative agreement with Navajo Nation Oil and Gas Company (“NNOGC”) related to the Aneth Field Properties (the “Cooperative Agreement”). Pursuant to the Cooperative Agreement, as modified on March 9, 2017, NNOGC holds an option to purchase an additional 10% of Resolute’s interest in the Aneth Field Properties. The option is exercisable until 60 days following July 1, 2017, or ten days following the determination of fair value, at the fair market value of such interest.

Basis of Presentation and Sum17

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements include Resolute and its subsidiaries, and have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and Regulation S-X for interim financial reporting. Except as disclosed herein, there has been no material change in our basis of presentation from the information disclosed in the notes to Resolute’s consolidated financial statements for the year ended December 31, 2016. In the opinion of management, all adjustments consisting of normal recurring accruals considered necessary for a fair presentation of the interim financial information have been included. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the full year. All intercompany transactions have been eliminated upon consolidation. Certain prior period amounts have been reclassified to conform to the current period presentation. In connection with the preparation of the condensed consolidated financial statements, Resolute evaluated subsequent events that occurred after the balance sheet date, through the date of filing.
Significant Accounting Policies	Significant Accounting Policies The significant accounting policies followed by Resolute are set forth in Resolute’s consolidated financial statements for the year ended December 31, 2016. These unaudited condensed consolidated financial statements are to be read in conjunction with the consolidated financial statements appearing in Resolute’s Annual Report on Form 10-K and related notes for the year ended December 31, 2016.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017 the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business In May 2014 the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which creates Topic 606 (“ASC 606”). ASC 606 supersedes existing revenue recognition requirements under GAAP and will require entities to recognize revenue at an amount that reflects the consideration to which we expect to be entitled in exchange for transferring goods or services to a customer. Additional disclosures will be required as to the nature, timing and uncertainty of revenue and cash flows from contracts with customers. In August 2015 the FASB issued ASU 2015-14, which defers the effective date of ASU 2014-09 for one year to annual reports beginning after December 15, 2017. Early adoption is permitted for fiscal years beginning after December 15, 2016. In May 2016 the FASB issued ASU 2016-12 : Revenue from Contracts with Customers (Topic 606): Narrow Scope Improvements and Practical Expedients In February 2016 the FASB issued new authoritative guidance related to the accounting of leases. The main provisions require that lessees recognize both a lease liability and a right-of-use asset at the commencement date. This authoritative accounting guidance is effective for the annual period beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2018. The Company is currently evaluating the provisions of this guidance and assessing its impact on the Company’s financial statements and disclosures.
Assumptions, Judgments and Estimates	Assumptions, Judgments and Estimates The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make various assumptions, judgments and estimates to determine the reported amounts of assets, liabilities, revenue and expenses, and in the disclosures of commitments and contingencies. Changes in these assumptions, judgments and estimates will occur as a result of the passage of time and the occurrence of future events. Accordingly, actual results could differ from amounts previously established. Significant estimates with regard to the condensed consolidated financial statements include proved oil and gas reserve volumes and the related present value of estimated future net cash flows used in the ceiling test applied to capitalized oil and gas properties; asset retirement obligations; valuation of derivative assets and liabilities; the estimated fair value and allocation of the purchase price related to business combinations; share-based compensation expense; cash-settled long-term incentive expense; depletion, depreciation and amortization; accrued liabilities; revenue and related receivables and income taxes.
Accounts Receivable	Accounts Receivable The Company’s accounts receivable consist of the following as of the dates indicated (in thousands): June 30, 2017 December 31, 2016 Trade receivables $ 24,564 $ 14,898 Revenue receivables 40,323 32,817 Derivative receivables 1,098 5,695 Other receivables 7,458 1,818 Total accounts receivable $ 73,443 $ 55,228 The Company’s accounts receivable consist mainly of receivables from oil, gas, and natural gas liquids (“NGL”) purchasers and from joint interest owners on properties the Company operates. For receivables from joint interest owners, the Company typically has the ability to withhold future revenue disbursements to recover non-payment of joint interest billings. Generally, the Company’s oil and gas receivables are due within fifteen days and are collected in less than two months, and the Company historically has had limited receivables that were not collected. The Company routinely assesses the recoverability of all material trade and other receivables to determine their collectability. As of June 30, 2017 and December 31, 2016, the Company had no allowance for doubtful accounts recorded.
Oil and Gas Properties	Oil and Gas Properties Pursuant to full cost accounting rules, Resolute is required to perform a quarterly “ceiling test” calculation to test its oil and gas properties for possible impairment. The primary components impacting the calculation are commodity prices, reserve quantities and associated production, overall exploration and development costs and depletion expense. If the net capitalized cost of the Company’s oil and gas properties subject to amortization (the “carrying value”) exceeds the ceiling limitation, the excess would be charged to expense. The ceiling limitation is equal to the sum of the present value discounted at 10% of estimated future net cash flows from proved reserves, the cost of properties not being amortized, the lower of cost or estimated fair value of unproven properties included in the costs being amortized, and all related income tax effects. No impairment was recorded for the three and six months ended June 30, 2017. For the three and six months ended June 30, 2016, the Company recorded non-cash impairments of its oil and gas properties of $0 and $58 million, respectively, as a result of the ceiling test limitation. If in future periods a negative factor impacts one or more of the components of the calculation, including market prices of oil and gas (based on a trailing twelve-month unweighted average of the oil and gas prices in effect on the first day of each month), differentials from posted prices, future drilling and capital plans, operating costs or expected production, the Company may incur further full cost ceiling impairment related to its oil and gas properties in such periods.

Basis of Presentation and Sum18

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Accounts Receivable	The Company’s accounts receivable consist of the following as of the dates indicated (in thousands): June 30, 2017 December 31, 2016 Trade receivables $ 24,564 $ 14,898 Revenue receivables 40,323 32,817 Derivative receivables 1,098 5,695 Other receivables 7,458 1,818 Total accounts receivable $ 73,443 $ 55,228

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Purchase Price Allocation of Delaware Basin Firewheel Acquisitions	The Company completed its assessment of the fair values of the assets acquired and liabilities assumed. Accordingly, the following table presents the purchase price allocation of the Delaware Basin Firewheel Acquisition at the indicated date below, based on the fair values of assets acquired and liabilities assumed (in thousands): December 31, 2016 Proved oil and gas properties $ 40,900 Unproved oil and gas properties 112,800 Asset retirement obligations assumed (500 ) Total purchase price $ 153,200
Unaudited Pro Forma Financial Information on Properties Acquired and Sold	The unaudited pro forma financial information for the three and six months ended June 30, 2016 reflects Resolute’s results as if the Delaware Basin Firewheel Acquisition and the sale of the Delaware Basin Midstream Assets had occurred on January 1, 2016 (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, 2016 June 30, 2016 Revenue $ 38,319 $ 58,723 Loss from operations (4,142 ) (81,783 ) Net loss (36,865 ) (123,929 ) Net loss per share Basic and diluted $ (2.13 ) $ (7.20 ) Weighted average common shares outstanding Basic and diluted 17,270 17,211

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Weighted Average Dilutive and Anti-Dilutive Securities	The following table details the potential weighted average dilutive and anti-dilutive securities for the periods presented (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Potential dilutive restricted stock 3,782 917 3,704 663 Anti-dilutive securities 2,116 1,474 2,116 1,305
Computation of Basic and Diluted Net Income (Loss) per Share of Common Stock	The following table sets forth the computation of basic and diluted net income (loss) per share of common stock for the periods presented (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net income (loss) available to common stockholders $ 10,690 $ (36,906 ) $ 10,766 $ (122,218 ) Basic weighted average common shares outstanding 21,917 15,155 21,828 15,096 Add: dilutive effect of non-vested restricted stock 118 — 138 — Add: dilutive effect of options 859 — 870 — Diluted weighted average common shares outstanding 22,894 15,155 22,836 15,096 Basic net income (loss) per common share $ 0.49 $ (2.44 ) $ 0.49 $ (8.10 ) Diluted net income (loss) per common share $ 0.47 $ (2.44 ) $ 0.47 $ (8.10 )

Long Term Debt (Tables)

Long Term Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Long-term Debt	As of the dates indicated, the Company’s long-term debt consisted of the following (in thousands): Principal Unamortized premium/ (discount) Unamortized deferred financing costs June 30, 2017 Revolving credit facility $ 100,000 $ — $ (3,117 ) $ 96,883 8.50% senior notes 525,000 2,650 (4,652 ) 522,998 Total long-term debt $ 625,000 $ 2,650 $ (7,769 ) $ 619,881 Principal Unamortized premium/ (discount) Unamortized deferred financing costs December 31, 2016 Revolving credit facility $ 10,000 $ — $ (1,179 ) $ 8,821 Secured term loan facility 128,303 (4,882 ) (1,282 ) 122,139 8.50% senior notes 400,000 985 (3,831 ) 397,154 Total long-term debt $ 538,303 $ (3,897 ) $ (6,292 ) $ 528,114 Current portion of secured term loan facility 128,303 (4,882 ) (1,282 ) 122,139 Long-term debt $ 410,000 $ 985 $ (5,010 ) $ 405,975

Stockholders' Equity and Long22

Stockholders' Equity and Long-term Employee Incentive Plan (Tables)	6 Months Ended
	Jun. 30, 2017
Expense Related to Incentive Plan	For the three and six months ended June 30, 2017 and 2016, the Company recorded expense related to the Incentive Plan as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Time-based restricted stock awards $ 1,551 $ 941 $ 3,051 $ 2,719 TSR awards 1,387 219 2,303 556 Stock option awards 39 247 496 436 Total share-based compensation expense 2,977 1,407 5,850 3,711 Time-based restricted cash awards 627 1,040 906 1,690 Performance-based restricted cash awards 698 89 1,205 127 Cash-settled stock appreciation awards (2,738 ) 306 1,903 416 Total cash-based compensation expense (1,413 ) 1,435 4,014 2,233 Total Incentive Plan compensation expense $ 1,564 $ 2,842 $ 9,864 $ 5,944
Unrecognized Compensation Expense and Weighted Average Period Related to Incentive Plan	As of June 30, 2017, the Company held unrecognized share-based compensation expense (in thousands) which is expected to be recognized over a weighted-average period as follows: Weighted Unrecognized Average Compensation Years Expense Remaining Time-based restricted stock awards $ 13,187 2.5 TSR awards 7,915 2.7 Stock option awards 1,227 1.5 Total unrecognized compensation expense $ 22,329
Valuation Model for TSR Awards	The valuation model for TSR Awards used the following assumptions: Grant Year Average Expected Volatility Expected Dividend Yield Risk-Free Interest Rate 2017 49.07% - 108.21% 0% 0.83% - 1.45%
Option Award Activity	The following table summarizes the option award activity for the six months ended June 30, 2017: Weighted Weighted Average Aggregate Average Remaining Intrinsic Value Shares Exercise Price Contractual Term (in thousands) Outstanding, beginning of period 1,052,513 $ 4.03 Exercised (55,438 ) 4.07 Forfeited (11,033 ) 3.52 Outstanding, end of period 986,042 $ 4.03 8.4 $ 25,376 Exercisable, end of period 397,719 $ 4.75 8.2 $ 9,949
Time-based restricted stock awards
Changes in Non-Vested Awards	The following table summarizes the changes in non-vested time-based restricted stock awards for the six months ended June 30, 2017: Weighted Average Grant Date Shares Fair Value Non-vested, beginning of period 151,781 $ 25.07 Granted 372,720 43.92 Vested (115,264 ) 28.70 Forfeited (2,117 ) 43.91 Non-vested, end of period 407,120 $ 41.20
TSR awards
Changes in Non-Vested Awards	The following table summarizes the changes in non-vested TSR Awards for the six months ended June 30, 2017: Weighted Average Grant Date Shares Fair Value Non-vested, beginning of period 97,561 $ 66.60 Granted 131,379 77.23 Vested (97,561 ) 66.60 Forfeited (481 ) 77.21 Non-vested, end of period 130,898 $ 77.23

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	6 Months Ended
	Jun. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]
Reconciliation of Asset Retirement Obligations	The following table provides a reconciliation of Resolute’s asset retirement obligations for the periods presented (in thousands): Six Months Ended June 30, 2017 2016 Asset retirement obligations at beginning of period $ 20,352 $ 19,238 Additional liability incurred / acquired 168 15 Accretion expense 814 882 Liabilities settled / sold (3,822 ) — Revisions to previous estimates 677 — Asset retirement obligations at end of period 18,189 20,135 Less: current asset retirement obligations (1,354 ) (1,069 ) Long-term asset retirement obligations $ 16,835 $ 19,066

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative [Line Items]
Commodity Contracts and Swaps	The following table represents Resolute’s commodity option contracts as of June 30, 2017: Oil (NYMEX WTI) Remaining Term Bbl per Day Weighted Average Sold Call Price per Bbl Jan – Dec 2018 1,100 $ 55.00 Jan – Dec 2019 1,100 $ 62.85
Amount of Commodity Derivative Instrument Gains (Losses)	The table below summarizes the location and amount of commodity derivative instrument gains and losses reported in the condensed consolidated statements of operations (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Other income (expense): Commodity derivative settlement gain $ 1,656 $ 20,544 $ 1,406 $ 48,292 Mark-to-market gain (loss) 5,802 (40,096 ) 16,892 (64,003 ) Commodity derivative instruments gain (loss) $ 7,458 $ (19,552 ) $ 18,298 $ (15,711 )
Assets and Liabilities Required to be Measured at Fair Value on Recurring Basis	The following is a listing of Resolute’s commodity derivative assets and liabilities required to be measured at fair value on a recurring basis and where they are classified within the hierarchy as of June 30, 2017, and December 31, 2016 (in thousands): Level 2 June 30, 2017 December 31, 2016 Assets Derivative instruments, current $ 7,770 $ 218 Derivative instruments, long term 412 — Total assets $ 8,182 $ 218 Liabilities Derivative instruments, current $ 1,217 $ 8,014 Derivative instruments, long term 1,974 4,104 Total liabilities $ 3,191 $ 12,118 As of June 30, 2017, the maximum amount of loss in the event of all counterparties defaulting was $5.0 million.
Two Way Commodity Collar Contract
Derivative [Line Items]
Commodity Contracts and Swaps	The following table represents Resolute’s two-way commodity collar contracts as of June 30, 2017: Oil (NYMEX WTI) Gas (NYMEX Henry Hub) Remaining Term Bbl per Day Weighted Average Floor Price per Bbl Weighted Average Ceiling Price per Bbl MMBtu per Day Weighted Average Floor Price per MMBtu Weighted Average Ceiling Price per MMBtu Jul – Dec 2017 2,500 $ 47.80 $ 60.19 9,250 $ 2.477 $ 3.263
Three-Way Oil Collar
Derivative [Line Items]
Commodity Contracts and Swaps	The following table represents Resolute’s three-way oil collar contracts as of June 30, 2017: Oil (NYMEX WTI) Weighted Average Weighted Average Weighted Average Remaining Term Bbl per Day Short Put Price per Bbl Floor Price per Bbl Ceiling Price per Bbl Jul – Dec 2017 1,500 $ 40.00 $ 50.00 $ 60.10
Three Way Gas Collar Contract
Derivative [Line Items]
Commodity Contracts and Swaps	The following table represents Resolute’s three-way gas collar contracts as of June 30, 2017: Gas (NYMEX Henry Hub) Weighted Average Short Weighted Average Floor Weighted Average Remaining Term MMBtu per Day Put Price per MMBtu Price per MMBtu Ceiling Price per MMBtu Jul – Dec 2017 1,750 $ 2.721 $ 3.221 $ 3.850
Oil Swap Contract
Derivative [Line Items]
Commodity Contracts and Swaps	Subsequent to June 30, 2017, Resolute entered into additional oil swap contracts as summarized below: Oil (NYMEX WTI) Commodity Swaps Bbl per Day Weighted Average Swap Price per Bbl Jan – Dec 2018 1,500 50.07
Commodity Swap Contracts
Derivative [Line Items]
Commodity Contracts and Swaps	The following table represents Resolute’s commodity swap contracts as of June 30, 2017: Oil (NYMEX WTI) Gas (NYMEX Henry Hub) NGL (Mont Belvieu) Remaining Term Bbl per Day Weighted Average Swap Price per Bbl MMBtu per Day Weighted Average Swap Price per MMBtu Bbl per Day Weighted Average Swap Price per Bbl Jul – Dec 2017 3,000 $ 53.93 13,000 $ 3.431 300 $ 19.53

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Future Minimum CO2 Purchase Commitments	Future minimum CO 2 CO 2 Year Commitments 2017 2,760 2018 5,475 Total $ 8,235

Accounts Receivable (Detail)

Accounts Receivable (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Receivables [Abstract]
Trade receivables	$ 24,564	$ 14,898
Revenue receivables	40,323	32,817
Derivative receivables	1,098	5,695
Other receivables	7,458	1,818
Total accounts receivable	$ 73,443	$ 55,228

Basis of Presentation and Sum27

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Organization And Summary Of Significant Accounting Policies Disclosure [Line Items]
Allowance for doubtful accounts	$ 0		$ 0		$ 0
Impairment of proved oil and gas properties	$ 0	$ 0	$ 0	$ 58,000,000
Future Net Revenue from Proved Oil and Gas Reserves
Organization And Summary Of Significant Accounting Policies Disclosure [Line Items]
Discount factor			10.00%

Acquisitions and Divestitures -

Acquisitions and Divestitures - Additional Information (Detail)	Mar. 03, 2017USD ($)a	Oct. 07, 2016USD ($)$ / sharesshares	Aug. 31, 2016USD ($)	Jul. 31, 2016USD ($)	Mar. 31, 2017USD ($)	Jun. 30, 2017USD ($)$ / shares	May 09, 2017USD ($)	Apr. 02, 2017$ / bbl	Feb. 28, 2017USD ($)	Dec. 31, 2016$ / shares	Jun. 30, 2016$ / shares
Business Acquisitions And Divestitures [Line Items]
Common stock, par value | $ / shares						$ 0.0001				$ 0.0001	$ 0.0001
Asset Retirement Obligation Liabilities Settled						$ 3,822,000
Transportation differential | $ / bbl								1.75
Denton and South Knowles
Business Acquisitions And Divestitures [Line Items]
Purchase and sale agreement, effective date						Oct. 1, 2016
Sale of properties									$ 14,500,000
Asset Retirement Obligation Liabilities Settled					$ 3,600,000
Mustang Agreement
Business Acquisitions And Divestitures [Line Items]
Transaction date						Jul. 31, 2016
Purchase agreement purchase price of properties				$ 35,000,000
Purchase and Sale Agreement with Caprock (Appaloosa Agreement)
Business Acquisitions And Divestitures [Line Items]
Transaction date						Jul. 31, 2016
Purchase agreement purchase price of properties				$ 15,000,000
Appaloosa And Mustang Agreement
Business Acquisitions And Divestitures [Line Items]
Transaction date						Aug. 31, 2016
Sale of properties			$ 36,000,000
Recognized gain (loss) on sale			$ 0
Earn-out Agreement date				Jul. 31, 2016
Earn-out agreement amendment date						Mar. 31, 2017
Period of agreement						15 years
Delaware Basin Bronco Acquisition
Business Acquisitions And Divestitures [Line Items]
Oil and gas properties						$ 144,800,000
Firewheel Energy, LLC
Business Acquisitions And Divestitures [Line Items]
Transaction date						Oct. 7, 2016
Purchase agreement purchase price of properties		$ 153,200,000
Cash consideration		$ 90,000,000
Common stock shares, issued | shares		2,114,523
Common stock, par value | $ / shares		$ 0.0001
8.50% senior notes
Business Acquisitions And Divestitures [Line Items]
Principal amount						$ 400,000,000	$ 125,000,000
Debt instrument, interest rate						8.50%	8.50%			8.50%
Debt instrument, maturity date						May 1, 2020
Purchase and Sale Agreement
Business Acquisitions And Divestitures [Line Items]
Transaction date						Mar. 3, 2017
Purchase and Sale Agreement | Texas
Business Acquisitions And Divestitures [Line Items]
Area of properties acquired, net | a	4,600
Purchase and Sale Agreement | Reeves County, Texas
Business Acquisitions And Divestitures [Line Items]
Area of properties acquired, net | a	2,187
Purchase and Sale Agreement | Southern Reeves County
Business Acquisitions And Divestitures [Line Items]
Area of properties acquired, net | a	2,405
Purchase and Sale Agreement | Delaware Basin Bronco Acquisition
Business Acquisitions And Divestitures [Line Items]
Transaction date						May 15, 2017
Purchase and sale agreement, effective date						May 1, 2017
Purchase agreement purchase price of properties	$ 161,300,000

Purchase Price Allocation of De

Purchase Price Allocation of Delaware Basin Firewheel Acquisitions (Detail) - Delaware Basin Firewheel Acquisition $ in Thousands	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Asset retirement obligations assumed	$ (500)
Total purchase price	153,200
Proved oil and gas properties
Business Acquisition [Line Items]
Oil and gas properties	40,900
Unproved oil and gas properties
Business Acquisition [Line Items]
Oil and gas properties	$ 112,800

Unaudited Pro Forma Financial I

Unaudited Pro Forma Financial Information on Properties Acquired and Sold (Detail) - Delaware Basin Firewheel Acquisition and Sale of Delaware Basin Midstream Assets - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Business Acquisitions And Divestitures [Line Items]
Revenue	$ 38,319	$ 58,723
Loss from operations	(4,142)	(81,783)
Net loss	$ (36,865)	$ (123,929)
Net loss per share
Basic and diluted	$ (2.13)	$ (7.20)
Weighted average common shares outstanding
Basic and diluted	17,270	17,211

Weighted Average Dilutive and A

Weighted Average Dilutive and Anti-Dilutive Securities (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Potential dilutive restricted stock	3,782	917	3,704	663
Anti-dilutive securities	2,116	1,474	2,116	1,305

Computation of Basic and Dilute

Computation of Basic and Diluted Net Income (Loss) Per Share of Common Stock (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Net income (loss) available to common stockholders	$ 10,690	$ (36,906)	$ 10,766	$ (122,218)
Basic weighted average common shares outstanding	21,917	15,155	21,828	15,096
Add: dilutive effect of non-vested restricted stock	118		138
Add: dilutive effect of options	859		870
Diluted weighted average common shares outstanding	22,894	15,155	22,836	15,096
Basic net income (loss) per common share	$ 0.49	$ (2.44)	$ 0.49	$ (8.10)
Diluted net income (loss) per common share	$ 0.47	$ (2.44)	$ 0.47	$ (8.10)

Long-term Debt (Detail)

Long-term Debt (Detail) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Principal	$ 625,000,000	$ 538,303,000
Unamortized premium/ (discount)	2,650,000	(3,897,000)
Unamortized deferred financing costs	(7,769,000)	(6,292,000)
Total long-term debt	619,881,000	528,114,000
Current portion of secured term loan facility		122,139,000
Principal, noncurrent		410,000,000
Unamortized premium/ (discount), noncurrent		985,000
Unamortized deferred financing costs, noncurrent		(5,010,000)
Long-term debt		405,975,000
Revolving credit facility
Debt Instrument [Line Items]
Principal	100,000,000	10,000,000
Unamortized deferred financing costs	(3,117,000)	(1,179,000)
Total long-term debt	96,883,000	8,821,000
Secured term loan facility
Debt Instrument [Line Items]
Principal		128,303,000
Unamortized premium/ (discount)		(4,882,000)
Unamortized deferred financing costs		(1,282,000)
Total long-term debt		122,139,000
Principal, current		128,303,000
Unamortized premium/ (discount), current		(4,882,000)
Unamortized deferred financing costs, current		(1,282,000)
Current portion of secured term loan facility		122,139,000
8.50% senior notes
Debt Instrument [Line Items]
Principal	525,000,000	400,000,000
Unamortized premium/ (discount)	2,650,000	985,000
Unamortized deferred financing costs	(4,652,000)	(3,831,000)
Total long-term debt	$ 522,998,000	$ 397,154,000

Long-term Debt (Parenthetical)

Long-term Debt (Parenthetical) (Detail)	Jun. 30, 2017	May 09, 2017	Dec. 31, 2016
8.50% senior notes
Debt Instrument [Line Items]
Debt instrument, interest rate	8.50%	8.50%	8.50%

Long Term Debt - Additional Inf

Long Term Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Debt Instrument [Line Items]
Interest Expense on Long-term debt	$ 8.8	$ 13	$ 26.5	$ 26.1
Interest expense capitalized	3.7	0.6	6.2	1.1
Cash paid for interest expense	14.7	$ 20.1	16.2	$ 23.4
Unsecured bridge facility
Debt Instrument [Line Items]
Interest Expense on Long-term debt	1
Line of credit	100		$ 100
Secured term loan facility
Debt Instrument [Line Items]
Interest Expense on Long-term debt	$ 9.7

Long Term Debt - Revolving Cred

Long Term Debt - Revolving Credit Facility - Additional Information (Detail) - USD ($)	Feb. 17, 2017	Jun. 30, 2017	May 09, 2017	May 08, 2017	Apr. 17, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing					$ 225,000,000
Line of credit, borrowing base		$ 218,800,000
Revolving credit facility outstanding borrowings		$ 96,883,000				$ 8,821,000
Borrowing base adjustment period		120 days
Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.50%
Minimum | Option A | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		3.00%
Maximum | Option A | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		4.00%
Third Amendment
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing	$ 150,000,000
Revolving credit facility, maturity date	Feb. 28, 2021
First Amendment
Debt Instrument [Line Items]
Percentage of borrowing base reduction in unsecured indebtedness				25.00%
Debt instrument unsecured indebtedness in excess amount				$ 500,000,000
First Amendment | Fiscal quarter ending June 30, 2017
Debt Instrument [Line Items]
Maximum leverage ratio covenant				450.00%
First Amendment | Fiscal quarter ending September 30, 2017
Debt Instrument [Line Items]
Maximum leverage ratio covenant				425.00%
First Amendment | Fiscal quarters ending thereafter
Debt Instrument [Line Items]
Maximum leverage ratio covenant				400.00%
First Amendment | Senior Notes
Debt Instrument [Line Items]
Line of credit facility reduction in borrowing capacity			$ 218,800,000
Revolving credit facility
Debt Instrument [Line Items]
Revolving Credit Facility covenant description		covenants that require, among other things, that Resolute maintains a ratio of current assets to current liabilities of no less than 1.00 to 1.00. The Revolving Credit Facility prohibits us from entering into derivative arrangements for more than (i) 85% of our anticipated production from proved properties in the next two years and (ii) the greater of 75% of our anticipated production from proved properties or 85% of our production from projected proved developed producing properties after such two year period (not to exceed a term of 60 months for any such derivative arrangement). The Revolving Credit Facility also includes customary additional terms and covenants that place limitations on certain types of activities, the payment of dividends, and that require satisfaction of certain financial tests.
Derivative agreement, percentage of anticipated production from proved properties, maximum		85.00%
Derivative agreement, percentage of anticipated production from proved properties		75.00%
Derivative agreement, percentage of projected proved developed producing reserves		85.00%
Anticipated production from proved properties period		2 years
Projected proved developed producing properties		2 years
Revolving credit facility outstanding borrowings		$ 100,000,000
Weighted average interest rate		4.64%
Revolving credit facility interest rate terms		The London Interbank Offered Rate (?LIBOR?), plus a margin that ranges from 3.0% to 4.0% or (b)?the Alternative Base Rate defined as the greater of (i)?the Administrative Agent?s Prime Rate (ii)?the Federal Funds effective Rate plus 0.5% or (iii)?an adjusted London Interbank Offered Rate plus a margin that ranges from 2.0% to 3.0%.
Revolving credit facility | Minimum
Debt Instrument [Line Items]
Current assets to current liabilities ratio		100.00%
Revolving credit facility | Maximum
Debt Instrument [Line Items]
Projected proved developed producing properties		60 months
Option B | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.00%
Option B | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		3.00%

Long Term Debt - Secured Term L

Long Term Debt - Secured Term Loan Agreement - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 03, 2017	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2015	May 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Outstanding borrowings under term loan facility						$ 150,000
Repayment of secured term loan with proceeds				$ 70,000
Repayments of debt		$ 128,303	$ 0
Secured Term Loan Agreement
Debt Instrument [Line Items]
Repayments of debt	$ 132,000
Prepayment fees	3,500
Deferred financing costs and original issue discount expensed as part of extinguishment	$ 6,200
Secured Term Loan Agreement | Incremental Term Loan
Debt Instrument [Line Items]
Incremental borrowings under term loan facility					$ 50,000

Long Term Debt - Senior Notes -

Long Term Debt - Senior Notes - Additional Information (Detail) $ in Millions	May 09, 2017USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2012PrivatePlacement	Dec. 31, 2016
Maximum
Debt Instrument [Line Items]
Senior Notes, redemption notice period		60 days
Senior Notes
Debt Instrument [Line Items]
Principal amount	$ 125	$ 400
Debt instrument, maturity date		May 1, 2020
Debt instrument, interest rate	8.50%	8.50%		8.50%
Senior Notes, redemption price percentage of principal		101.00%
Senior Notes | Level 2
Debt Instrument [Line Items]
Long-term debt, fair value		$ 522.5
Senior Notes | Minimum
Debt Instrument [Line Items]
Senior Notes, redemption notice period		30 days
Senior Notes | Private Placement
Debt Instrument [Line Items]
Principal amount	$ 125	$ 125
Debt instrument, interest rate	8.50%	8.50%
Number of private placement transactions | PrivatePlacement			2
Net proceeds from offering of Incremental Senior Notes	$ 125.4

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
U.S. federal income tax rate	35.00%	35.00%	35.00%	35.00%
Provision for income taxes	$ 0	$ 0	$ 0	$ 0
Reserve for uncertain tax positions	0		0
Deferred tax assets, valuation allowance	$ 304,200,000		$ 304,200,000		$ 309,600,000

Stockholders' Equity and Long40

Stockholders' Equity and Long-term Employee Incentive Plan - Preferred Stock - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	6 Months Ended
	Oct. 31, 2016	Jun. 30, 2017	Dec. 31, 2016
Class Of Stock [Line Items]
Preferred stock, shares authorized		1,000,000	1,000,000
Preferred stock, par value		$ 0.0001	$ 0.0001
Preferred stock, issued		62,500	62,500
Preferred stock, outstanding		62,500	62,500
Preferred Stock Purchase Agreement | BMO Capital Markets Corp. | 8.125% Series B Cumulative Perpetual Convertible Preferred Stock
Class Of Stock [Line Items]
Preferred stock, par value	$ 0.0001
Preferred stock to be issued and sold	55,000
Preferred stock, dividend rate	8.125%
Initial Purchaser option to purchase additional shares	7,500
Total shares of Convertible Preferred Stock purchased by Initial Purchaser	62,500
Total shares of Convertible Preferred Stock purchased by Initial Purchaser, aggregate net consideration, before offering expenses	$ 60
Convertible Preferred Stock, conversion rate	33.8616
Convertible preferred stock conversion terms		At any time on or after October 15, 2021, the Company shall have the right, at its option, to elect to cause all, and not part, of the outstanding shares of Convertible Preferred Stock to be automatically converted into that number of shares of Common Stock for each share of Convertible Preferred Stock equal to the conversion rate in effect on the mandatory conversion date as such terms are defined in the Certificate of Designation.
Preferred dividends payable		$ 1.3
Date of dividends declared		Jun. 19, 2017
Date dividends paid		Jul. 17, 2017
Record date of dividends paid to holders		Jul. 1, 2017
Preferred Stock Purchase Agreement | BMO Capital Markets Corp. | 8.125% Series B Cumulative Perpetual Convertible Preferred Stock | Over-Allotment Option
Class Of Stock [Line Items]
Number of additional shares purchased by Initial Purchaser	7,500

Stockholders' Equity and Long41

Stockholders' Equity and Long-term Employee Incentive Plan - Common Stock - Additional Information (Detail) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended	6 Months Ended
	Jun. 30, 2016$ / sharesshares	May 31, 2016$ / shares	Dec. 31, 2016USD ($)$ / sharesshares	Jun. 30, 2017$ / sharesshares
Class Of Stock [Line Items]
Common stock, shares authorized | shares	45,000,000		45,000,000	45,000,000
Common stock, shares issued | shares			21,932,842	22,465,108
Common stock, shares outstanding | shares			21,932,842	22,465,108
Number of votes per share of common stock				One vote for each share of common stock
Common stock, par value | $ / shares	$ 0.0001		$ 0.0001	$ 0.0001
Reverse stock split ratio	0.2
Common stock trading price minimum price requirement of stock exchange | $ / shares	$ 1
Issuance of stock, net of deductible fees and estimated expenses (in shares) | shares			4,370,000
Issuance of common stock, price per share | $ / shares			$ 38
Proceeds from issuance of common stock, net of deductible fees and estimated expenses | $			$ 160.9
Scenario Previously Reported
Class Of Stock [Line Items]
Common stock, shares authorized | shares	225,000,000
Stockholder Rights Plan
Class Of Stock [Line Items]
Dividend declaration ratio of preferred share purchase right for outstanding share of common stock		100.00%
Common stock, par value | $ / shares		$ 0.0001
Stockholder Rights Plan | Series A Junior Participating Preferred Stock
Class Of Stock [Line Items]
Percentage of Shareholders right to purchase preferred stock		0.10%
Purchase price of preferred share | $ / shares		$ 4.50
Beneficial ownership percentage of acquiring person		20.00%
Preferred share purchase rights exercisable starting period		10 days

Stockholders' Equity and Long42

Stockholders' Equity and Long-term Employee Incentive Plan - Long Term Employee Incentive Plan - Additional Information (Detail) - Long-term Employee Incentive Plan - shares	1 Months Ended
	May 31, 2017	May 31, 2016	Jun. 30, 2017
Class Of Stock [Line Items]
Maximum number of shares of common stock to be issued under the Incentive Plan			4,901,548
Additional number of shares of common stock to be issued under the Incentive Plan	1,450,000	1,000,000

Expense Related to Incentive Pl

Expense Related to Incentive Plan (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Class Of Stock [Line Items]
Total share-based compensation expense			$ 5,951	$ 3,733
Long-term Employee Incentive Plan
Class Of Stock [Line Items]
Incentive Plan compensation (income) expense	$ 1,564	$ 2,842	9,864	5,944
Total share-based compensation expense	2,977	1,407	5,850	3,711
Total cash-based compensation expense	(1,413)	1,435	4,014	2,233
Long-term Employee Incentive Plan | Time-based restricted stock awards
Class Of Stock [Line Items]
Incentive Plan compensation (income) expense	1,551	941	3,051	2,719
Long-term Employee Incentive Plan | TSR awards
Class Of Stock [Line Items]
Incentive Plan compensation (income) expense	1,387	219	2,303	556
Long-term Employee Incentive Plan | Stock Option Awards
Class Of Stock [Line Items]
Incentive Plan compensation (income) expense	39	247	496	436
Long-term Employee Incentive Plan | Time-based restricted cash awards
Class Of Stock [Line Items]
Incentive Plan compensation (income) expense	627	1,040	906	1,690
Long-term Employee Incentive Plan | Performance Based Restricted Cash Awards
Class Of Stock [Line Items]
Incentive Plan compensation (income) expense	698	89	1,205	127
Long-term Employee Incentive Plan | Cash-Settled Stock Appreciation Rights
Class Of Stock [Line Items]
Incentive Plan compensation (income) expense	$ (2,738)	$ 306	$ 1,903	$ 416

Unrecognized Compensation Expen

Unrecognized Compensation Expense and Weighted Average Period Related to Incentive Plan (Detail) - Long-term Employee Incentive Plan $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 22,329
Time-based restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 13,187
Weighted Average Years Remaining	2 years 6 months
TSR awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 7,915
Weighted Average Years Remaining	2 years 8 months 12 days
Stock Option Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 1,227
Weighted Average Years Remaining	1 year 6 months

Stockholders' Equity and Long45

Stockholders' Equity and Long-term Employee Incentive Plan - Equity Awards - Additional Information (Detail) $ / shares in Units, $ in Millions	1 Months Ended	6 Months Ended
	Feb. 28, 2017EntityInstallment	Jun. 30, 2017USD ($)shares	Jun. 30, 2016$ / sharesshares
Time-based restricted stock awards
Class Of Stock [Line Items]
Vesting period		3 years
Shares granted		372,720
Vested, shares		115,264
Time-based restricted stock awards | Non-Employee Directors
Class Of Stock [Line Items]
Vesting period		1 year
TSR Awards
Class Of Stock [Line Items]
Shares granted		131,379	0
Number of Peer Companies | Entity	12
Number of installment for performance-Vested Shares vest | Installment	3
Vested, shares		97,561
Expected Dividend Yield		0.00%
Average Expected Volatility, minimum		49.07%
Average Expected Volatility, maximum		108.21%
Risk free rate, minimum		0.83%
Risk free rate, maximum		1.45%
TSR Awards | First Installment
Class Of Stock [Line Items]
Vesting period	1 year
TSR Awards | Second Installment
Class Of Stock [Line Items]
Vesting period	2 years
TSR Awards | Third Installment
Class Of Stock [Line Items]
Vesting period	3 years
TSR Awards 2014
Class Of Stock [Line Items]
Vested, shares		63,024
Stock Option Awards
Class Of Stock [Line Items]
Vesting period		3 years
Options granted, term		10 years
Expected Dividend Yield		0.00%
Average Expected Volatility, minimum		63.00%
Average Expected Volatility, maximum		67.00%
Risk free rate, minimum		1.75%
Risk free rate, maximum		2.27%
Weighted average grant date fair value of options granted | $ / shares			$ 1.93
Total intrinsic value for options exercised | $		$ 2
Exercise of stock options		55,438	0
Minimum | Time-based restricted stock awards
Class Of Stock [Line Items]
Estimated forfeiture rates		0.00%
Minimum | TSR Awards
Class Of Stock [Line Items]
Estimated forfeiture rates		0.00%
Minimum | Stock Option Awards
Class Of Stock [Line Items]
Estimated forfeiture rates		0.00%
Maximum | Time-based restricted stock awards
Class Of Stock [Line Items]
Estimated forfeiture rates		15.00%
Maximum | TSR Awards
Class Of Stock [Line Items]
Estimated forfeiture rates		2.00%
Maximum | Stock Option Awards
Class Of Stock [Line Items]
Estimated forfeiture rates		15.00%

Changes in Non-Vested Time Base

Changes in Non-Vested Time Based Restricted Stock Awards (Detail) - Time-based restricted stock awards	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, beginning of period, Shares | shares	151,781
Granted, Shares | shares	372,720
Vested, Shares | shares	(115,264)
Forfeited, Shares | shares	(2,117)
Non-vested, end of period, Shares | shares	407,120
Non-vested, beginning of period, Weighted Average Grant Date Fair Value | $ / shares	$ 25.07
Granted, Weighted Average Grant Date Fair Value | $ / shares	43.92
Vested, Weighted Average Grant Date Fair Value | $ / shares	28.70
Forfeited, Weighted Average Grant Date Fair Value | $ / shares	43.91
Non-vested, end of period, Weighted Average Grant Date Fair Value | $ / shares	$ 41.20

Valuation Model for TSR Awards

Valuation Model for TSR Awards (Detail) - TSR Awards	6 Months Ended
	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Average Expected Volatility, minimum	49.07%
Average Expected Volatility, maximum	108.21%
Expected Dividend Yield	0.00%
Risk-Free Interest Rate, Minimum	0.83%
Risk-Free Interest Rate, Maximum	1.45%

Changes in Non-Vested TSR Award

Changes in Non-Vested TSR Awards (Detail) - TSR awards - $ / shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, beginning of period, Shares	97,561
Granted, Shares	131,379	0
Vested, Shares	(97,561)
Forfeited, Shares	(481)
Non-vested, end of period, Shares	130,898
Non-vested, beginning of period, Weighted Average Grant Date Fair Value	$ 66.60
Granted, Weighted Average Grant Date Fair Value	77.23
Vested, Weighted Average Grant Date Fair Value	66.60
Forfeited, Weighted Average Grant Date Fair Value	77.21
Non-vested, end of period, Weighted Average Grant Date Fair Value	$ 77.23

Option Award Activity (Detail)

Option Award Activity (Detail) - Stock Option Awards - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, beginning of period, Shares	1,052,513
Exercised, Shares	(55,438)	0
Forfeited, Shares	(11,033)
Outstanding, end of period, Shares	986,042
Exercisable, end of period, Shares	397,719
Outstanding, beginning of period, Weighted Average Exercise Price	$ 4.03
Exercised, Weighted Average Exercise Price	4.07
Forfeited, Weighted Average Exercise Price	3.52
Outstanding, end of period, Weighted Average Exercise Price	4.03
Exercisable, end of period, Weighted Average Exercise Price	$ 4.75
Outstanding, Weighted Average Remaining Contractual Term	8 years 4 months 24 days
Exercisable, Weighted Average Remaining Contractual Term	8 years 2 months 12 days
Outstanding, Aggregate Intrinsic Value	$ 25,376
Exercisable, Aggregate Intrinsic Value	$ 9,949

Stockholders' Equity and Long50

Stockholders' Equity and Long-term Employee Incentive Plan - Liability Awards - Additional Information (Detail) $ / shares in Units, $ in Millions	1 Months Ended		6 Months Ended
	Feb. 29, 2016Installment$ / sharesshares	May 31, 2015$ / shares	Jun. 30, 2017USD ($)$ / shares
Cash-Settled Stock Appreciation Rights
Class Of Stock [Line Items]
Cash-settled stock appreciation rights, fair value			$ 45.7
Cash-settled stock appreciation rights, fair value expensed			$ 20
Cash-Settled Stock Appreciation Rights | Employees
Class Of Stock [Line Items]
Cash-settled stock appreciation rights, base price | $ / shares	$ 2.65
Number of shares cash-settled stock appreciation rights | shares	486,373
Grant date term	10 years
Number of installment for equity awards | Installment	3
Cash-Settled Stock Appreciation Rights | Executives
Class Of Stock [Line Items]
Cash-settled stock appreciation rights, base price | $ / shares	$ 2.915
Number of shares cash-settled stock appreciation rights | shares	1,216,479
Cash-Settled Stock Appreciation Rights | Non-Employee Directors
Class Of Stock [Line Items]
Grant date term	10 years
Vesting period	1 year
Cash-Settled Stock Appreciation Rights | Minimum
Class Of Stock [Line Items]
Estimated forfeiture rates			0.00%
Cash-Settled Stock Appreciation Rights | Maximum
Class Of Stock [Line Items]
Estimated forfeiture rates			15.00%
Time-based restricted cash awards
Class Of Stock [Line Items]
Vesting period			3 years
Restricted cash award, fair value			$ 9.5
Restricted cash award, fair value expensed			$ 5.6
Time-based restricted cash awards | Non-Employee Directors
Class Of Stock [Line Items]
Vesting period			1 year
Time-based restricted cash awards | Minimum
Class Of Stock [Line Items]
Estimated forfeiture rates			0.00%
Time-based restricted cash awards | Maximum
Class Of Stock [Line Items]
Estimated forfeiture rates			25.00%
Performance Based Restricted Cash Awards
Class Of Stock [Line Items]
Vesting period			3 years
Estimated forfeiture rates			5.00%
Restricted cash award, fair value			$ 16.8
Restricted cash award, fair value expensed			$ 15.2
Number of trading days			60 days
Common stock, hurdle stock price | $ / shares		$ 10	$ 40
Performance Based Restricted Cash Awards | Maximum
Class Of Stock [Line Items]
Common stock, hurdle stock price | $ / shares		$ 40
Restricted cash award, average effective term			1 year

Asset Retirement Obligation - A

Asset Retirement Obligation - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2017
Minimum
Asset Retirement Obligations [Line Items]
Credit-adjusted risk-free discounted rate	7.00%
Maximum
Asset Retirement Obligations [Line Items]
Credit-adjusted risk-free discounted rate	12.00%

Reconciliation of Asset Retirem

Reconciliation of Asset Retirement Obligations (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligations at beginning of period	$ 20,352	$ 19,238
Additional liability incurred / acquired	168	15
Accretion expense	814	882
Liabilities settled / sold	(3,822)
Revisions to previous estimates	677
Asset retirement obligations at end of period	18,189	20,135
Less: current asset retirement obligations	(1,354)	(1,069)	$ (895)
Long-term asset retirement obligations	$ 16,835	$ 19,066	$ 19,457

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) $ in Millions	Jun. 30, 2017USD ($)
Level 2 | Commodity Contract
Derivative [Line Items]
Fair value of commodity derivatives net asset	$ 5

Oil and Gas Commodity Contracts

Oil and Gas Commodity Contracts (Detail)	1 Months Ended	6 Months Ended
	Aug. 07, 2017$ / bblbbl	Jun. 30, 2017MMBTU$ / bbl$ / MMBTUbbl
Jul – Dec 2017 Commodity Swap Contracts | Oil (NYMEX WTI)
Derivative [Line Items]
Bbl per Day | bbl		3,000
Weighted Average Swap Price per Bbl | $ / bbl		53.93
Jul – Dec 2017 Commodity Swap Contracts | Gas (NYMEX HH)
Derivative [Line Items]
MMBtu per Day | MMBTU		13,000
Weighted Average Swap Price per MMBtu | $ / MMBTU		3.431
Jul – Dec 2017 Commodity Swap Contracts | NGL (Mont. Belvieu)
Derivative [Line Items]
Bbl per Day | bbl		300
Weighted Average Swap Price per Bbl | $ / bbl		19.53
Jan - Dec 2018 Oil Swap Contract | Oil (NYMEX WTI) | Subsequent Event
Derivative [Line Items]
Bbl per Day | bbl	1,500
Weighted Average Swap Price per Bbl | $ / bbl	50.07

Commodity Collar Contracts (Det

Commodity Collar Contracts (Detail)	Jun. 30, 2017bblMMBTU$ / bbl$ / MMBTU
Oil (NYMEX WTI) | Jul – Dec 2017 Two Way Commodity Collar Contracts
Derivative [Line Items]
Bbl per Day | bbl	2,500
Weighted Average Floor Price | $ / bbl	47.80
Weighted Average Ceiling Price | $ / bbl	60.19
Oil (NYMEX WTI) | Jul – Dec 2017 Three Way Oil Collar Contracts
Derivative [Line Items]
Bbl per Day | bbl	1,500
Weighted Average Ceiling Price | $ / bbl	60.10
Weighted Average Short Put Price | $ / bbl	40
Weighted Average Floor Price | $ / bbl	50
Gas (NYMEX HH) | Jul – Dec 2017 Two Way Commodity Collar Contracts
Derivative [Line Items]
Bbl per Day | MMBTU	9,250
Weighted Average Floor Price | $ / MMBTU	2.477
Weighted Average Ceiling Price | $ / MMBTU	3.263
Gas (NYMEX HH) | Jul – Dec 2017 Three Way Gas Collar Contracts
Derivative [Line Items]
Bbl per Day | MMBTU	1,750
Weighted Average Ceiling Price | $ / MMBTU	3.850
Weighted Average Short Put Price | $ / MMBTU	2.721
Weighted Average Floor Price | $ / MMBTU	3.221

Commodity Option Contracts (Det

Commodity Option Contracts (Detail) - Oil (NYMEX WTI)	Jun. 30, 2017bbl$ / bbl
Jan - Dec 2018 Commodity Option Contract
Derivative [Line Items]
Bbl per Day | bbl	1,100
Weighted Average Sold Call Price per Bbl | $ / bbl	55
Jan - Dec 2019 Commodity Option Contract
Derivative [Line Items]
Bbl per Day | bbl	1,100
Weighted Average Sold Call Price per Bbl | $ / bbl	62.85

Amount of Commodity Derivative

Amount of Commodity Derivative Instrument Gains (Losses) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Commodity derivative settlement gain	$ 1,656	$ 20,544	$ 1,406	$ 48,292
Mark-to-market gain (loss)	5,802	(40,096)	16,892	(64,003)
Commodity derivative instruments gain (loss)	$ 7,458	$ (19,552)	$ 18,298	$ (15,711)

Assets and Liabilities Required

Assets and Liabilities Required to be Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Derivative instruments, current assets	$ 7,770	$ 218
Derivative instruments, long term assets	412
Liabilities
Derivative instruments, current liabilities	1,217	8,014
Derivative instruments, long term liabilities	1,974	4,104
Fair Value Measurements Recurring Basis | Level 2 | Commodity
Assets
Derivative instruments, current assets	7,770	218
Derivative instruments, long term assets	412
Total assets	8,182	218
Liabilities
Derivative instruments, current liabilities	1,217	8,014
Derivative instruments, long term liabilities	1,974	4,104
Total liabilities	$ 3,191	$ 12,118

Future Minimum COTwo Purchase C

Future Minimum COTwo Purchase Commitments (Detail) - Co2 Kinder Morgan company $ in Thousands	Jun. 30, 2017USD ($)
Recorded Unconditional Purchase Obligation [Line Items]
2,017	$ 2,760
2,018	5,475
Total	$ 8,235

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - NNOGC	Mar. 09, 2017	Jun. 30, 2017
Commitment And Contingencies [Line Items]
Percentage of interest that each purchase options entitles to purchase	10.00%
Description of option exercisable period		The option is exercisable until 60 days following July 1, 2017, or ten days following the determination of fair value, at the fair market value of such interest