Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 2,028 $ 968
Accounts receivable 34,499 30,198
Fair value of derivatives 6,889 27,850
Other current assets 1,525 1,441
Total current assets 44,941 60,457
Oil and natural gas properties, full-cost accounting method:    
Evaluated properties 2,207,999 2,077,985
Less accumulated depreciation, depletion and amortization (1,514,036) (1,478,355)
Net oil and natural gas properties 693,963 599,630
Unevaluated properties 131,121 142,525
Total oil and natural gas properties 825,084 742,155
Other property and equipment, net 7,874 7,118
Restricted investments 3,299 3,810
Deferred tax asset 46,497 44,688
Deferred financing costs 16,639 18,200
Other assets, net 658 342
Total assets 944,992 876,770
Current liabilities:    
Accounts payable and accrued liabilities 65,792 76,753
Accrued interest 5,974 5,993
Cash-settled restricted stock unit awards 8,172 3,856
Asset retirement obligations 872 4,747
Deferred tax liability 830 6,214
Fair value of derivatives 1,622 1,249
Total current liabilities 83,262 98,812
Senior secured revolving credit facility 75,000 35,000
Secured second lien term loan 300,000 300,000
Asset retirement obligations 3,249 1,927
Cash-settled restricted stock unit awards 3,086 7,175
Other long-term liabilities 219 121
Total liabilities 464,816 443,035
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 16 16
Common stock, $0.01 par value, 110,000,000 shares authorized; 66,190,660 and 55,225,288 shares outstanding, respectively 662 552
Capital in excess of par value 591,604 526,162
Accumulated deficit (112,106) (92,995)
Total stockholders' equity 480,176 433,735
Total liabilities and stockholders' equity $ 944,992 $ 876,770