Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 16,051 $ 27,995
Accounts receivable 131,720 114,320
Fair value of derivatives 65,114 406
Other current assets 9,740 2,139
Total current assets 222,625 144,860
Oil and natural gas properties, full cost accounting method:    
Evaluated properties 4,585,020 3,429,570
Less accumulated depreciation, depletion, amortization and impairment (2,270,675) (2,084,095)
Net evaluated oil and natural gas properties 2,314,345 1,345,475
Unevaluated properties 1,404,513 1,168,016
Total oil and natural gas properties, net 3,718,858 2,513,491
Other property and equipment, net 21,901 20,361
Restricted investments 3,424 3,372
Deferred tax asset 0 52
Deferred financing costs 6,087 4,863
Acquisition deposit 0 900
Other assets, net 6,278 5,397
Total assets 3,979,173 2,693,296
Current liabilities:    
Accounts payable and accrued liabilities 261,184 162,878
Accrued interest 24,665 9,235
Cash-settleable restricted stock unit awards 1,390 4,621
Asset retirement obligations 3,887 1,295
Fair value of derivatives 10,480 27,744
Other current liabilities 13,310 0
Total current liabilities 314,916 205,773
Senior secured revolving credit facility 200,000 25,000
Asset retirement obligations 10,405 4,725
Cash-settleable restricted stock unit awards 2,067 3,490
Deferred tax liability 9,564 1,457
Fair value of derivatives 7,440 1,284
Other long-term liabilities 100 405
Total liabilities 1,533,965 837,330
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; 227,582,575 and 201,836,172 shares outstanding, respectively 2,276 2,018
Capital in excess of par value 2,477,278 2,181,359
Accumulated deficit (34,361) (327,426)
Total stockholders’ equity 2,445,208 1,855,966
Total liabilities and stockholders’ equity 3,979,173 2,693,296
6.125% senior unsecured notes due 2024    
Current liabilities:    
Senior unsecured notes due 595,788 595,196
6.375% senior unsecured notes due 2026    
Current liabilities:    
Senior unsecured notes due $ 393,685 $ 0