Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 458,956 $ 167,088
Accounts receivable—oil and gas 58,824 25,615
Accounts receivable—related parties 2,617 34,848
Prepaid expenses and other current assets 2,581 1,506
Deferred tax asset 6,927 0
Short-term derivative instruments 324 664
Note receivable - related party 875 0
Total current assets 531,104 229,721
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $950,590 and $626,295 excluded from amortization in 2013 and 2012, respectively 2,477,178 1,611,090
Other property and equipment 11,131 8,662
Accumulated depletion, depreciation, amortization and impairment (784,717) (665,884)
Property and equipment, net 1,703,592 953,868
Other assets:    
Equity investments ($178,708 and $151,317 attributable to fair value option in 2013 and 2012, respectively) 440,068 381,484
Derivative instruments 521 0
Other assets 17,851 13,295
Total other assets 458,440 394,779
Total assets 2,693,136 1,578,368
Current liabilities:    
Accounts payable and accrued liabilities 190,707 110,244
Asset retirement obligation—current 795 60
Short-term derivative instruments 12,280 10,442
Current maturities of long-term debt 159 150
Total current liabilities 203,941 120,896
Long-term derivative instrument 11,366 0
Asset retirement obligation—long-term 14,288 13,215
Deferred tax liability 114,275 18,607
Long-term debt, net of current maturities 299,028 298,888
Other non-current liabilities 0 354
Total liabilities 642,898 451,960
Commitments and contingencies (Notes 16 and 17)      
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, 85,177,532 issued and outstanding in 2013 and 67,527,386 in 2012 851 674
Paid-in capital 1,813,058 1,036,245
Accumulated other comprehensive loss (9,781) (3,429)
Retained earnings 246,110 92,918
Total stockholders’ equity 2,050,238 1,126,408
Total liabilities and stockholders’ equity $ 2,693,136 $ 1,578,368