Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 118,613 $ 99,557
Accounts receivable—oil and natural gas 199,457 182,213
Prepaid expenses and other current assets 7,564 4,912
Short-term derivative instruments 50,906 78,847
Total current assets 376,540 365,529
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $2,971,119 and $2,912,974 excluded from amortization in 2018 and 2017, respectively 9,470,697 9,169,156
Other property and equipment 89,648 86,754
Accumulated depletion, depreciation, amortization and impairment (4,264,647) (4,153,733)
Property and equipment, net 5,295,698 5,102,177
Other assets:    
Equity investments 311,694 302,112
Long-term derivative instruments 15,769 8,685
Deferred tax asset 0 1,208
Inventories 8,505 8,227
Other assets 20,186 19,814
Total other assets 356,154 340,046
Total assets 6,028,392 5,807,752
Current liabilities:    
Accounts payable and accrued liabilities 577,548 553,609
Asset retirement obligation—current 120 120
Short-term derivative instruments 37,570 32,534
Current maturities of long-term debt 629 622
Total current liabilities 615,867 586,885
Long-term derivative instruments 2,499 2,989
Asset retirement obligation—long-term 76,267 74,980
Deferred tax liability 2,884 0
Other non-current liabilities 2,963 2,963
Long-term debt, net of current maturities 2,239,023 2,038,321
Total liabilities 2,939,503 2,706,138
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, 173,523,487 issued and outstanding at March 31, 2018 and 183,105,910 at December 31, 2017 1,735 1,831
Paid-in capital 4,319,034 4,416,250
Accumulated other comprehensive loss (46,042) (40,539)
Retained deficit (1,185,838) (1,275,928)
Total stockholders’ equity 3,088,889 3,101,614
Total liabilities and stockholders’ equity $ 6,028,392 $ 5,807,752