Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 99,557 $ 1,275,875
Restricted cash 0 185,000
Accounts receivable—oil and natural gas 182,213 136,761
Accounts receivable—related parties 0 16
Prepaid expenses and other current assets 4,912 3,135
Short-term derivative instruments 78,847 3,488
Total current assets 365,529 1,604,275
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $2,912,974 and $1,580,305 excluded from amortization in 2017 and 2016, respectively 9,169,156 6,071,920
Other property and equipment 86,754 68,986
Accumulated depletion, depreciation, amortization and impairment (4,153,733) (3,789,780)
Property and equipment, net 5,102,177 2,351,126
Other assets:    
Equity investments 302,112 243,920
Long-term derivative instruments 8,685 5,696
Deferred tax asset 1,208 4,692
Inventories 8,227 4,504
Other assets 19,814 8,932
Total other assets 340,046 267,744
Total assets 5,807,752 4,223,145
Current liabilities:    
Accounts payable and accrued liabilities 553,609 265,124
Asset retirement obligation—current 120 195
Short-term derivative instruments 32,534 119,219
Current maturities of long-term debt 622 276
Total current liabilities 586,885 384,814
Long-term derivative instruments 2,989 26,759
Asset retirement obligation—long-term 74,980 34,081
Other non-current liabilities 2,963 0
Long-term debt, net of current maturities 2,038,321 1,593,599
Total liabilities 2,706,138 2,039,253
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, 183,105,910 issued and outstanding in 2017 and 158,829,816 in 2016 1,831 1,588
Paid-in capital 4,416,250 3,946,442
Accumulated other comprehensive loss (40,539) (53,058)
Retained deficit (1,275,928) (1,711,080)
Total stockholders’ equity 3,101,614 2,183,892
Total liabilities and stockholders’ equity $ 5,807,752 $ 4,223,145