Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 1,922 $ 968
Accounts receivable 39,385 30,198
Fair value of derivatives 16,763 27,850
Other current assets 1,410 1,441
Total current assets 59,480 60,457
Oil and natural gas properties, full-cost accounting method:    
Evaluated properties 2,251,993 2,077,985
Less accumulated depreciation, depletion and amortization (1,618,027) (1,478,355)
Net oil and natural gas properties 633,966 599,630
Unevaluated properties 141,581 142,525
Total oil and natural gas properties 775,547 742,155
Other property and equipment, net 7,905 7,118
Restricted investments 3,305 3,810
Deferred tax asset   44,688
Deferred financing costs 15,858 18,200
Fair value of derivatives 2,203  
Other assets, net 426 342
Total assets 864,724 876,770
Current liabilities:    
Accounts payable and accrued liabilities 76,162 76,753
Accrued interest 6,066 5,993
Cash-settled restricted stock unit awards 8,025 3,856
Asset retirement obligations 827 4,747
Deferred tax liability   6,214
Fair value of derivatives   1,249
Total current liabilities 91,080 98,812
Senior secured revolving credit facility 99,000 35,000
Secured second lien term loan 300,000 300,000
Asset retirement obligations 3,856 1,927
Cash-settled restricted stock unit awards 3,487 7,175
Other long-term liabilities 220 121
Total liabilities 497,643 443,035
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; 66,279,074 and 55,225,288 shares outstanding, respectively 663 552
Capital in excess of par value 592,287 526,162
Accumulated deficit (225,885) (92,995)
Total stockholders' equity 367,081 433,735
Total liabilities and stockholders' equity $ 864,724 $ 876,770