Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 152,883 $ 458,956
Accounts receivable—oil and gas 139,591 58,824
Accounts receivable—related parties 153 2,617
Prepaid expenses and other current assets 3,578 2,581
Deferred tax asset 7,819 6,927
Short-term derivative instruments 5,753 324
Note receivable - related party 875 875
Total current assets 310,652 531,104
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $1,452,730 and $950,590 excluded from amortization in 2014 and 2013, respectively 3,586,016 2,477,178
Other property and equipment 16,880 11,131
Accumulated depletion, depreciation, amortization and impairment (969,962) (784,717)
Property and equipment, net 2,632,934 1,703,592
Other assets:    
Equity investments ($70,443 and $178,708 attributable to fair value option in 2014 and 2013, respectively) 373,215 440,068
Derivative instruments 1,156 521
Other assets 23,430 17,851
Total other assets 397,801 458,440
Total assets 3,341,387 2,693,136
Current liabilities:    
Accounts payable and accrued liabilities 358,082 190,707
Asset retirement obligation—current 75 795
Short-term derivative instruments 3,891 12,280
Current maturities of long-term debt 166 159
Total current liabilities 362,214 203,941
Long-term derivative instrument 2,771 11,366
Asset retirement obligation—long-term 16,318 14,288
Deferred tax liability 153,733 114,275
Long-term debt, net of current maturities 616,881 299,028
Total liabilities 1,151,917 642,898
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, 85,531,504 issued and outstanding in 2014 and 85,177,532 in 2013 854 851
Paid-in capital 1,824,955 1,813,058
Accumulated other comprehensive loss (19,779) (9,781)
Retained earnings 383,440 246,110
Total stockholders’ equity 2,189,470 2,050,238
Total liabilities and stockholders’ equity $ 3,341,387 $ 2,693,136