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, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 17,996 $ 52,297
Accounts receivable—oil and natural gas sales 144,996 210,200
Accounts receivable—joint interest and other 24,580 22,497
Prepaid expenses and other current assets 12,560 10,607
Short-term derivative instruments 17,958 21,352
Total current assets 218,090 316,953
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $2,877,001 and $2,873,037 excluded from amortization in 2019 and 2018, respectively 10,312,124 10,026,836
Other property and equipment 96,204 92,667
Accumulated depletion, depreciation, amortization and impairment (4,757,814) (4,640,098)
Property and equipment, net 5,650,514 5,479,405
Other assets:    
Equity investments 244,119 236,121
Inventories 11,018 4,754
Operating lease assets 29,795 0
Operating lease assets - related parties 58,659 0
Other assets 13,314 13,803
Total other assets 356,905 254,678
Total assets 6,225,509 6,051,036
Current liabilities:    
Accounts payable and accrued liabilities 568,184 518,380
Short-term derivative instruments 25,921 20,401
Current portion of operating lease liabilities 27,983 0
Current portion of operating lease liabilities - related parties 20,618 0
Current maturities of long-term debt 656 651
Total current liabilities 643,362 539,432
Long-term derivative instruments 287 13,992
Asset retirement obligation—long-term 82,900 79,952
Deferred tax liability 3,127 3,127
Non-current operating lease liabilities 1,812 0
Non-current operating lease liabilities - related parties 38,041 0
Long-term debt, net of current maturities 2,087,714 2,086,765
Total liabilities 2,857,243 2,723,268
Commitments and contingencies (Note 8)
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, 159,421,965 issued and outstanding at March 31, 2019 and 162,986,045 at December 31, 2018 1,594 1,630
Paid-in capital 4,202,023 4,227,532
Accumulated other comprehensive loss (52,225) (56,026)
Accumulated deficit (783,126) (845,368)
Total stockholders’ equity 3,368,266 3,327,768
Total liabilities and stockholders’ equity $ 6,225,509 $ 6,051,036