Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 27,995 $ 652,993
Accounts receivable 114,320 69,783
Fair value of derivatives 406 103
Other current assets 2,139 2,247
Total current assets 144,860 725,126
Oil and natural gas properties, full cost accounting method:    
Evaluated properties 3,429,570 2,754,353
Less accumulated depreciation, depletion, amortization and impairment (2,084,095) (1,947,673)
Net evaluated oil and natural gas properties 1,345,475 806,680
Unevaluated properties 1,168,016 668,721
Total oil and natural gas properties, net 2,513,491 1,475,401
Other property and equipment, net 20,361 14,114
Restricted investments 3,372 3,332
Deferred tax asset 52 0
Deferred financing costs 4,863 3,092
Acquisition deposit 900 46,138
Other assets, net 5,397 384
Total assets 2,693,296 2,267,587
Current liabilities:    
Accounts payable and accrued liabilities 162,878 95,577
Accrued interest 9,235 6,057
Cash-settleable restricted stock unit awards 4,621 8,919
Asset retirement obligations 1,295 2,729
Fair value of derivatives 27,744 18,268
Total current liabilities 205,773 131,550
Senior secured revolving credit facility 25,000 0
6.125% senior unsecured notes due 2024, net of unamortized deferred financing costs 595,196 390,219
Asset retirement obligations 4,725 3,932
Cash-settleable restricted stock unit awards 3,490 8,071
Deferred tax liability 1,457 90
Fair value of derivatives 1,284 28
Other long-term liabilities 405 295
Total liabilities 837,330 534,185
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, series A cumulative, $0.01 par value and $50.00 liquidation preference, 2,500,000 shares authorized: 1,458,948 shares outstanding 15 15
Common stock, $0.01 par value, 300,000,000 shares authorized; 201,836,172 and 201,041,320 shares outstanding, respectively 2,018 2,010
Capital in excess of par value 2,181,359 2,171,514
Accumulated deficit (327,426) (440,137)
Total stockholders’ equity 1,855,966 1,733,402
Total liabilities and stockholders’ equity $ 2,693,296 $ 2,267,587