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, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 119,230 $ 99,557
Accounts receivable—oil and natural gas sales 140,209 146,773
Accounts receivable—joint interest and other 53,619 35,440
Accounts receivable—related parties 110 0
Prepaid expenses and other current assets 10,698 4,912
Short-term derivative instruments 20,745 78,847
Total current assets 344,611 365,529
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $2,957,361 and $2,912,974 excluded from amortization in 2018 and 2017, respectively 9,749,156 9,169,156
Other property and equipment 91,207 86,754
Accumulated depletion, depreciation, amortization and impairment (4,386,370) (4,153,733)
Property and equipment, net 5,453,993 5,102,177
Other assets:    
Equity investments 218,849 302,112
Long-term derivative instruments 7,657 8,685
Deferred tax asset 0 1,208
Inventories 9,419 8,227
Other assets 19,904 19,814
Total other assets 255,829 340,046
Total assets 6,054,433 5,807,752
Current liabilities:    
Accounts payable and accrued liabilities 584,416 553,609
Asset retirement obligation—current 120 120
Short-term derivative instruments 61,161 32,534
Current maturities of long-term debt 639 622
Total current liabilities 646,336 586,885
Long-term derivative instruments 17,479 2,989
Asset retirement obligation—long-term 76,815 74,980
Deferred tax liability 2,965 0
Other non-current liabilities 740 2,963
Long-term debt, net of current maturities 2,114,899 2,038,321
Total liabilities 2,859,234 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, 173,302,055 issued and outstanding at June 30, 2018 and 183,105,910 at December 31, 2017 1,733 1,831
Paid-in capital 4,317,391 4,416,250
Accumulated other comprehensive loss (49,406) (40,539)
Retained deficit (1,074,519) (1,275,928)
Total stockholders’ equity 3,195,199 3,101,614
Total liabilities and stockholders’ equity $ 6,054,433 $ 5,807,752