Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.5.0.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 364,276 $ 112,974
Accounts receivable—oil and gas 127,788 71,872
Accounts receivable—related parties 96 16
Prepaid expenses and other current assets 10,740 3,905
Short-term derivative instruments 39,363 142,794
Deferred tax asset 38 0
Total current assets 542,301 331,561
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $1,723,821 and $1,817,701 excluded from amortization in 2016 and 2015, respectively 5,816,458 5,424,342
Other property and equipment 54,460 33,171
Accumulated depletion, depreciation, amortization and impairment (3,613,662) (2,829,110)
Property and equipment, net 2,257,256 2,628,403
Other assets:    
Equity investments 251,309 242,393
Long-term derivative instruments 15,262 51,088
Deferred tax asset 4,203 74,925
Other assets 5,512 6,364
Total other assets 276,286 374,770
Total assets 3,075,843 3,334,734
Current liabilities:    
Accounts payable and accrued liabilities 304,341 265,128
Asset retirement obligation—current 75 75
Short-term derivative instruments 37,220 437
Deferred tax liability 0 50,697
Current maturities of long-term debt 220 179
Total current liabilities 341,856 316,516
Long-term derivative instrument 14,907 6,935
Asset retirement obligation—long-term 32,910 26,362
Long-term debt, net of current maturities 961,050 946,084
Total liabilities 1,350,723 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, 125,453,533 issued and outstanding at September 30, 2016 and 108,322,250 at December 31, 2015 1,253 1,082
Paid-in capital 3,245,393 2,824,303
Accumulated other comprehensive loss (50,816) (55,177)
Retained deficit (1,470,710) (731,371)
Total stockholders’ equity 1,725,120 2,038,837
Total liabilities and stockholders’ equity $ 3,075,843 $ 3,334,734