Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,275,875 $ 112,974
Restricted cash 185,000 0
Accounts receivable—oil and gas 136,761 71,872
Accounts receivable—related parties 16 16
Prepaid expenses and other current assets 7,639 3,905
Derivative instruments 3,488 142,794
Total current assets 1,608,779 331,561
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $1,580,305 and $1,817,701 excluded from amortization in 2016 and 2015, respectively 6,071,920 5,424,342
Other property and equipment 68,986 33,171
Accumulated depletion, depreciation, amortization and impairment (3,789,780) (2,829,110)
Property and equipment, net 2,351,126 2,628,403
Other assets:    
Equity investments 243,920 242,393
Derivative instruments 5,696 51,088
Deferred tax asset (2016) 4,692  
Deferred tax asset (2015)   74,925
Other assets 8,932 6,364
Total other assets 263,240 374,770
Total assets 4,223,145 3,334,734
Current liabilities:    
Accounts payable and accrued liabilities 265,124 265,128
Asset retirement obligation 195 75
Derivative instruments 119,219 437
Deferred tax liability   50,697
Current maturities of long-term debt 276 179
Total current liabilities 384,814 316,516
Long-term derivative instrument 26,759 6,935
Asset retirement obligation 34,081 26,362
Long-term debt, net of current maturities 1,593,599 946,084
Total liabilities 2,039,253 1,295,897
Commitments and contingencies (Notes 15 and 16)
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, 158,829,816 issued and outstanding in 2016 and 108,322,250 in 2015 1,588 1,082
Paid-in capital 3,946,442 2,824,303
Accumulated other comprehensive loss (53,058) (55,177)
Retained deficit (1,711,080) (731,371)
Total stockholders’ equity 2,183,892 2,038,837
Total liabilities and stockholders’ equity $ 4,223,145 $ 3,334,734