Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 35,273 $ 652,993
Accounts receivable 75,959 69,783
Fair value of derivatives 3,093 103
Other current assets 1,671 2,247
Total current assets 115,996 725,126
Oil and natural gas properties, full-cost accounting method:    
Evaluated properties 3,009,059 2,754,353
Less accumulated depreciation, depletion, amortization and impairment (1,972,091) (1,947,673)
Net evaluated oil and natural gas properties 1,036,968 806,680
Unevaluated property 1,154,850 668,721
Total oil and natural gas properties 2,191,818 1,475,401
Other property and equipment, net 18,067 14,114
Restricted investments 3,339 3,332
Deferred financing costs related to the senior secured revolving credit facility 2,744 3,092
Fair value of derivatives 2,939  
Acquisition deposit   46,138
Other assets, net 676 384
Total assets 2,335,579 2,267,587
Current liabilities:    
Accounts payable and accrued liabilities 131,252 95,577
Accrued interest 12,114 6,057
Cash-settleable restricted stock unit awards 4,025 8,919
Asset retirement obligations 1,588 2,729
Fair value of derivatives 6,430 18,268
Total current liabilities 155,409 131,550
6.125% senior unsecured notes due 2024, net of unamortized deferred financing costs 390,536 390,219
Asset retirement obligations 4,652 3,932
Cash-settleable restricted stock unit awards 4,108 8,071
Deferred tax liability 556 90
Fair value of derivatives   28
Other long-term liabilities 285 295
Total liabilities 555,546 534,185
Commitments and Contingencies
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 1,458,948 shares outstanding, respectively 15 15
Common stock, $0.01 par value, 300,000,000 and 300,000,000 shares authorized; 201,054,884 and 201,041,320 shares outstanding, respectively 2,011 2,010
Capital in excess of par value 2,173,243 2,171,514
Accumulated deficit (395,236) (440,137)
Total stockholders' equity 1,780,033 1,733,402
Total liabilities and stockholders' equity $ 2,335,579 $ 2,267,587