Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 396,437 $ 112,974
Accounts receivable—oil and gas 91,462 71,872
Accounts receivable—related parties 23 16
Prepaid expenses and other current assets 7,782 3,905
Short-term derivative instruments 44,672 142,794
Deferred tax asset 292 0
Total current assets 540,668 331,561
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $1,762,439 and $1,817,701 excluded from amortization in 2016 and 2015, respectively 5,686,188 5,424,342
Other property and equipment 48,107 33,171
Accumulated depletion, depreciation, amortization and impairment (3,339,087) (2,829,110)
Property and equipment, net 2,395,208 2,628,403
Other assets:    
Equity investments 253,047 242,393
Long-term derivative instruments 14,644 51,088
Deferred tax asset 24,284 74,925
Other assets 11,336 6,364
Total other assets 303,311 374,770
Total assets 3,239,187 3,334,734
Current liabilities:    
Accounts payable and accrued liabilities 289,750 265,128
Asset retirement obligation—current 75 75
Short-term derivative instruments 49,906 437
Deferred tax liability 0 50,697
Current maturities of long-term debt 0 179
Total current liabilities 339,731 316,516
Long-term derivative instrument 29,269 6,935
Asset retirement obligation—long-term 29,993 26,362
Long-term debt, net of current maturities 956,754 946,084
Total liabilities 1,355,747 1,295,897
Commitments and contingencies (Note 10)
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, 125,365,166 issued and outstanding at June 30, 2016 and 108,322,250 at December 31, 2015 1,253 1,082
Paid-in capital 3,242,404 2,824,303
Accumulated other comprehensive loss (46,803) (55,177)
Retained deficit (1,313,414) (731,371)
Total stockholders’ equity 1,883,440 2,038,837
Total liabilities and stockholders’ equity $ 3,239,187 $ 3,334,734