Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Assets, Current [Abstract]    
Cash and cash equivalents $ 167,088 $ 93,897
Accounts receivable-oil and gas 25,615 28,019
Accounts receivable-related parties 34,848 4,731
Prepaid expenses and other current assets 1,506 1,327
Short-term derivative instruments 664 1,601
Total current assets 229,721 129,575
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $626,295,000 and $138,623,000 excluded from amortization in 2012 and 2011, respectively 1,611,090 1,035,754
Other property and equipment 8,662 8,024
Accumulated depletion, depreciation, amortization and impairment (665,884) (575,142)
Property and equipment, net 953,868 468,636
Other assets:    
Equity investments ($151,317,000 and $0 attributable to fair value option in 2012 and 2011, respectively) 381,484 86,824
Other assets 13,295 5,123
Total other assets 394,779 91,947
Deferred tax asset    1,000
Total assets 1,578,368 691,158
Current liabilities:    
Accounts payable and accrued liabilities 110,244 43,872
Asset retirement obligation-current 60 620
Short-term derivative instruments 10,442   
Current maturities of long-term debt 150 141
Total current liabilities 120,896 44,633
Asset retirement obligation - long-term 13,215 12,033
Deferred tax liability 18,607 0
Long-term debt, net of current maturities 298,888 2,142
Other non-current liabilities 354 0
Total liabilities 451,960 58,808
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, 100,000,000 authorized, 67,527,386 issued and outstanding in 2012 and 55,621,371 in 2011 674 556
Paid-in capital 1,036,245 604,584
Accumulated other comprehensive income (loss) (3,429) 2,663
Retained earnings 92,918 24,547
Total stockholders' equity 1,126,408 632,350
Total liabilities and stockholders' equity $ 1,578,368 $ 691,158