Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 1,224 $ 968
Accounts receivable 39,624 30,198
Fair value of derivatives 19,943 27,850
Other current assets 1,461 1,441
Total current assets 62,252 60,457
Oil and natural gas properties, full-cost accounting method:    
Evaluated properties 2,335,223 2,077,985
Less accumulated depreciation, depletion and amortization (1,756,018) (1,478,355)
Net oil and natural gas properties 579,205 599,630
Unevaluated properties 132,181 142,525
Total oil and natural gas properties 711,386 742,155
Other property and equipment, net 7,700 7,118
Restricted investments 3,309 3,810
Deferred tax asset   44,688
Deferred financing costs 3,642 4,776
Other assets, net 305 342
Total assets 788,594 863,346
Current liabilities:    
Accounts payable and accrued liabilities 70,970 76,753
Accrued interest 5,989 5,993
Cash-settled restricted stock unit awards 10,128 3,856
Asset retirement obligations 790 4,747
Deferred tax liability   6,214
Fair value of derivatives   1,249
Total current liabilities 87,877 98,812
Senior secured revolving credit facility 40,000 35,000
Secured second lien term loan, net of unamortized deferred financing costs 288,565 286,576
Asset retirement obligations 4,317 1,927
Cash-settled restricted stock unit awards 4,877 7,175
Other long-term liabilities 200 121
Total liabilities 425,836 429,611
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, 150,000,000 and 110,000,000 shares authorized; 80,087,148 and 55,225,288 shares outstanding, respectively 801 552
Capital in excess of par value 702,970 526,162
Accumulated deficit (341,029) (92,995)
Total stockholders' equity 362,758 433,735
Total liabilities and stockholders' equity $ 788,594 $ 863,346