Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.4.0.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 9,511 $ 1,224
Accounts receivable 33,683 39,624
Fair value of derivatives 15,585 19,943
Other current assets 881 1,461
Total current assets 59,660 62,252
Oil and natural gas properties, full-cost accounting method:    
Evaluated properties 2,390,105 2,335,223
Less accumulated depreciation, depletion, amortization and impairment (1,806,509) (1,756,018)
Net oil and natural gas properties 583,596 579,205
Unevaluated properties 129,211 132,181
Total oil and natural gas properties 712,807 711,386
Other property and equipment, net 9,757 7,700
Restricted investments 3,315 3,309
Deferred financing costs 3,359 3,642
Other assets, net 366 305
Total assets 789,264 788,594
Current liabilities:    
Accounts payable and accrued liabilities 62,536 70,970
Accrued interest 5,879 5,989
Cash-settleable restricted stock unit awards 3,798 10,128
Asset retirement obligations 833 790
Fair value of derivatives 688  
Total current liabilities 73,734 87,877
Senior secured revolving credit facility   40,000
Secured second lien term loan, net of unamortized deferred financing costs 289,062 288,565
Asset retirement obligations 4,427 4,317
Cash-settleable restricted stock unit awards 2,682 4,877
Fair value of derivatives 3,602  
Other long-term liabilities 211 200
Total liabilities 373,718 425,836
Stockholders' equity:    
Preferred stock, series A cumulative, $0.01 par value and $50.00 liquidation preference, 2,500,000 shares authorized: 1,458,948 and 1,578,948 shares outstanding, respectively 15 16
Common stock, $0.01 par value, 150,000,000 shares authorized; 96,093,938 and 80,087,148 shares outstanding, respectively 961 801
Capital in excess of par value 798,532 702,970
Accumulated deficit (383,962) (341,029)
Total stockholders' equity 415,546 362,758
Total liabilities and stockholders' equity $ 789,264 $ 788,594