Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 179,701 $ 89,861
Accounts receivable—oil and natural gas sales 133,996 119,879
Accounts receivable—joint interest and other 12,904 12,200
Prepaid expenses and other current assets 134,509 160,664
Short-term derivative instruments 12,422 27,146
Total current assets 473,532 409,750
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $1,413,774 and $1,457,043 excluded from amortization in 2021 and 2020, respectively 10,895,625 10,816,909
Other property and equipment 88,835 88,538
Accumulated depletion, depreciation, amortization and impairment (8,874,899) (8,819,178)
Property and equipment, net 2,109,561 2,086,269
Other assets:    
Equity investments 27,044 24,816
Long-term derivative instruments 652 322
Operating lease assets 314 342
Other assets 16,545 18,372
Total other assets 44,555 43,852
Total assets 2,627,648 2,539,871
Current liabilities:    
Accounts payable and accrued liabilities 310,172 244,903
Short-term derivative instruments 20,687 11,641
Current maturities of long-term debt 279,807 253,743
Total current liabilities 610,666 510,287
Non-current liabilities:    
Long-term derivative instruments 43,267 36,604
Total non-current liabilities 43,267 36,604
Liabilities subject to compromise 2,261,453 2,293,480
Total liabilities 2,915,386 2,840,371
Commitments and contingencies (Note 8)
Preferred stock - $0.01 par value; 5.0 million shares authorized (30 thousand authorized as redeemable 12% cumulative preferred stock, Series A), and none issued and outstanding 0 0
Stockholders’ deficit:    
Common stock - $0.01 par value, 200.0 million shares authorized, 160.9 million issued and outstanding at March 31, 2021 and 160.8 million at December 31, 2020 1,609 1,607
Paid-in capital 4,215,162 4,213,752
Accumulated other comprehensive loss (40,430) (43,000)
Accumulated deficit (4,464,079) (4,472,859)
Total stockholders’ deficit (287,738) (300,500)
Total liabilities and stockholders’ deficit $ 2,627,648 $ 2,539,871