Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 225,980 $ 167,088
Accounts receivable—oil and gas 22,023 25,615
Accounts receivable—related parties 37,062 34,848
Prepaid expenses and other current assets 1,435 1,506
Short-term derivative instruments 343 664
Total current assets 286,843 229,721
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $869,879 and $626,295 excluded from amortization in 2013 and 2012, respectively 1,932,419 1,611,090
Other property and equipment 8,924 8,662
Accumulated depletion, depreciation, amortization and impairment (688,467) (665,884)
Property and equipment, net 1,252,876 953,868
Other assets:    
Equity investments ($212,413 and $151,317 attributable to fair value option in 2013 and 2012, respectively) 451,592 381,484
Other assets 13,159 13,295
Total other assets 464,751 394,779
Total assets 2,004,470 1,578,368
Current liabilities:    
Accounts payable and accrued liabilities 109,777 110,244
Asset retirement obligation—current 780 60
Short-term derivative instruments 9,689 10,442
Deferred tax liability 158 0
Current maturities of long-term debt 152 150
Total current liabilities 120,556 120,896
Asset retirement obligation—long-term 12,560 13,215
Deferred tax liability 45,382 18,607
Long-term debt, net of current maturities 298,921 298,888
Other non-current liabilities 142 354
Total liabilities 477,561 451,960
Commitments and contingencies (Note 11)      
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, 77,375,107 issued and outstanding in 2013 and 67,527,386 in 2012 773 674
Paid-in capital 1,395,288 1,036,245
Accumulated other comprehensive income (loss) (6,629) (3,429)
Retained earnings 137,477 92,918
Total stockholders’ equity 1,526,909 1,126,408
Total liabilities and stockholders’ equity $ 2,004,470 $ 1,578,368