Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 228,111 $ 142,340
Accounts receivable—oil and gas 66,271 103,858
Accounts receivable—related parties 149 46
Prepaid expenses and other current assets 16,156 3,714
Short-term derivative instruments 116,100 78,391
Total current assets 426,787 328,349
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $2,018,803 and $1,465,538 excluded from amortization in 2015 and 2014, respectively 5,258,762 3,923,154
Other property and equipment 27,670 18,344
Accumulated depletion, depreciation, amortization and impairment (1,896,413) (1,050,879)
Property and equipment, net 3,390,019 2,890,619
Other assets:    
Equity investments 295,103 369,581
Derivative instruments 51,171 24,448
Deferred tax asset 27,368 0
Other assets 24,982 19,396
Total other assets 398,624 413,425
Total assets 4,215,430 3,632,393
Current liabilities:    
Accounts payable and accrued liabilities 312,116 371,410
Asset retirement obligation—current 75 75
Deferred tax liability 38,734 27,070
Short-term derivative instruments 2,351  
Current maturities of long-term debt 1,695 168
Total current liabilities 354,971 398,723
Long-term derivative instrument 3,208 0
Asset retirement obligation—long-term 23,073 17,863
Deferred tax liability 0 203,195
Long-term debt, net of current maturities 963,048 716,316
Total liabilities $ 1,344,300 $ 1,336,097
Commitments and contingencies (Note 9)
Preferred stock, $.01 par value; 5,000,000 authorized, 30,000 authorized as redeemable 12% cumulative preferred stock, Series A; 0 issued and outstanding $ 0 $ 0
Stockholders’ equity:    
Common stock - $.01 par value, 200,000,000 authorized, 108,241,831 issued and outstanding at September 30, 2015 and 85,655,438 at December 31, 2014 1,082 856
Paid-in capital 2,820,500 1,828,602
Accumulated other comprehensive loss (49,950) (26,675)
Retained earnings 99,498 493,513
Total stockholders’ equity 2,871,130 2,296,296
Total liabilities and stockholders’ equity $ 4,215,430 $ 3,632,393