Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 18,473 $ 27,995
Accounts receivable 122,411 114,320
Fair value of derivatives 4,210 406
Other current assets 2,078 2,139
Total current assets 147,172 144,860
Oil and natural gas properties, full cost accounting method:    
Evaluated properties 3,598,868 3,429,570
Less accumulated depreciation, depletion, amortization and impairment (2,119,599) (2,084,095)
Net evaluated oil and natural gas properties 1,479,269 1,345,475
Unevaluated properties 1,174,385 1,168,016
Total oil and natural gas properties 2,653,654 2,513,491
Other property and equipment, net 21,173 20,361
Restricted investments 3,382 3,372
Deferred tax asset 26 52
Deferred financing costs 4,588 4,863
Acquisition deposit 0 900
Other assets, net 5,524 5,397
Total assets 2,835,519 2,693,296
Current liabilities:    
Accounts payable and accrued liabilities 187,267 162,878
Accrued interest 18,491 9,235
Cash-settleable restricted stock unit awards 4,081 4,621
Asset retirement obligations 2,784 1,295
Fair value of derivatives 25,912 27,744
Total current liabilities 238,535 205,773
Senior secured revolving credit facility 75,000 25,000
6.125% senior unsecured notes due 2024, net of unamortized deferred financing costs 595,374 595,196
Asset retirement obligations 7,717 4,725
Cash-settleable restricted stock unit awards 2,392 3,490
Deferred tax liability 1,950 1,457
Fair value of derivatives 2,942 1,284
Other long-term liabilities 465 405
Total liabilities 924,375 837,330
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; 201,947,883 and 201,836,172 shares outstanding, respectively 2,019 2,018
Capital in excess of par value 2,182,599 2,181,359
Accumulated deficit (273,489) (327,426)
Total stockholders’ equity 1,911,144 1,855,966
Total liabilities and stockholders’ equity $ 2,835,519 $ 2,693,296