Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 2,144us-gaap_CashAndCashEquivalentsAtCarryingValue $ 968us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 31,930us-gaap_AccountsReceivableNetCurrent 30,198us-gaap_AccountsReceivableNetCurrent
Fair value of derivatives 19,160us-gaap_DerivativeAssetsCurrent 27,850us-gaap_DerivativeAssetsCurrent
Other current assets 989us-gaap_OtherAssetsCurrent 1,441us-gaap_OtherAssetsCurrent
Total current assets 54,223us-gaap_AssetsCurrent 60,457us-gaap_AssetsCurrent
Oil and natural gas properties, full-cost accounting method:    
Evaluated properties 2,140,937us-gaap_CapitalizedCostsProvedProperties 2,077,985us-gaap_CapitalizedCostsProvedProperties
Less accumulated depreciation, depletion and amortization (1,496,454)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities (1,478,355)us-gaap_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities
Net oil and natural gas properties 644,483us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet 599,630us-gaap_CapitalizedCostsOilAndGasProducingActivitiesNet
Unevaluated properties 142,867us-gaap_CapitalizedCostsUnprovedProperties 142,525us-gaap_CapitalizedCostsUnprovedProperties
Total oil and natural gas properties 787,350cpe_OilAndGasProperties 742,155cpe_OilAndGasProperties
Other property and equipment, net 8,046us-gaap_PropertyPlantAndEquipmentOtherNet 7,118us-gaap_PropertyPlantAndEquipmentOtherNet
Restricted investments 3,292us-gaap_RestrictedInvestmentsNoncurrent 3,810us-gaap_RestrictedInvestmentsNoncurrent
Deferred tax asset 47,238us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent 44,688us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent
Deferred financing costs 17,432us-gaap_DeferredFinanceCostsNoncurrentNet 18,200us-gaap_DeferredFinanceCostsNoncurrentNet
Other assets, net 456us-gaap_OtherAssetsNoncurrent 342us-gaap_OtherAssetsNoncurrent
Total assets 918,037us-gaap_Assets 876,770us-gaap_Assets
Current liabilities:    
Accounts payable and accrued liabilities 68,271us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 76,753us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Accrued interest 5,853us-gaap_InterestPayableCurrent 5,993us-gaap_InterestPayableCurrent
Cash-settled restricted stock unit awards 6,473us-gaap_DeferredCompensationShareBasedArrangementsLiabilityCurrent 3,856us-gaap_DeferredCompensationShareBasedArrangementsLiabilityCurrent
Asset retirement obligations 5,047us-gaap_AssetRetirementObligationCurrent 4,747us-gaap_AssetRetirementObligationCurrent
Deferred tax liability 3,687us-gaap_DeferredTaxLiabilitiesCurrent 6,214us-gaap_DeferredTaxLiabilitiesCurrent
Fair value of derivatives 473us-gaap_DerivativeLiabilitiesCurrent 1,249us-gaap_DerivativeLiabilitiesCurrent
Total current liabilities 89,804us-gaap_LiabilitiesCurrent 98,812us-gaap_LiabilitiesCurrent
Senior secured revolving credit facility 37,000us-gaap_LongTermLineOfCredit 35,000us-gaap_LongTermLineOfCredit
Secured second lien term loan 300,000us-gaap_LongTermLoansFromBank 300,000us-gaap_LongTermLoansFromBank
Asset retirement obligations 1,262us-gaap_AssetRetirementObligationsNoncurrent 1,927us-gaap_AssetRetirementObligationsNoncurrent
Cash-settled restricted stock unit awards 2,300us-gaap_DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent 7,175us-gaap_DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent
Other long-term liabilities 120us-gaap_OtherLiabilitiesNoncurrent 121us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 430,486us-gaap_Liabilities 443,035us-gaap_Liabilities
Stockholders' equity:    
Preferred stock, series A cumulative, $0.01 par value and $50.00 liquidation preference, 2,500,000 shares authorized: 1,578,948 and 1,578,948 shares outstanding, respectively 16us-gaap_PreferredStockValue 16us-gaap_PreferredStockValue
Common stock, $0.01 par value, 110,000,000 shares authorized; 65,860,729 and 55,225,288 shares outstanding, respectively 659us-gaap_CommonStockValueOutstanding 552us-gaap_CommonStockValueOutstanding
Capital in excess of par value 592,042us-gaap_AdditionalPaidInCapitalCommonStock 526,162us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (105,166)us-gaap_RetainedEarningsAccumulatedDeficit (92,995)us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 487,551us-gaap_StockholdersEquity 433,735us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 918,037us-gaap_LiabilitiesAndStockholdersEquity $ 876,770us-gaap_LiabilitiesAndStockholdersEquity