Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 652,993 $ 1,224
Accounts receivable 69,783 39,624
Fair value of derivatives 103 19,943
Other current assets 2,247 1,461
Total current assets 725,126 62,252
Oil and natural gas properties, full-cost accounting method:    
Evaluated properties 2,754,353 2,335,223
Less accumulated depreciation, depletion, amortization and impairment (1,947,673) (1,756,018)
Net evaluated oil and natural gas properties 806,680 579,205
Unevaluated property balance 668,721 132,181
Total oil and natural gas properties 1,475,401 711,386
Other property and equipment, net 14,114 7,700
Restricted investments 3,332 3,309
Deferred financing costs related to the senior secured revolving credit facility 3,092 3,642
Acquisition deposit 46,138  
Other assets, net 384 305
Total assets 2,267,587 788,594
Current liabilities:    
Accounts payable and accrued liabilities 95,577 70,970
Accrued interest 6,057 5,989
Cash-settleable restricted stock unit awards 8,919 10,128
Asset retirement obligations 2,729 790
Fair value of derivatives 18,268  
Total current liabilities 131,550 87,877
Senior secured revolving credit facility   40,000
Secured second lien term loan, net of unamortized deferred financing costs   288,565
6.125% senior unsecured notes due 2024, net of unamortized deferred financing costs 390,219  
Asset retirement obligations 3,932 4,317
Cash-settleable restricted stock unit awards 8,071 4,877
Deferred tax liability 90  
Fair value of derivatives 28  
Other long-term liabilities 295 200
Total liabilities 534,185 425,836
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, 300,000,000 and 150,000,000 shares authorized; 201,041,320 and 80,087,148 shares outstanding, respectively 2,010 801
Capital in excess of par value 2,171,514 702,970
Accumulated deficit (440,137) (341,029)
Total stockholders' equity 1,733,402 362,758
Total liabilities and stockholders' equity $ 2,267,587 $ 788,594