Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 139,149 $ 652,993
Accounts receivable 77,635 69,783
Fair value of derivatives 9,241 103
Other current assets 2,545 2,247
Total current assets 228,570 725,126
Oil and natural gas properties, full cost accounting method:    
Evaluated properties 3,125,238 2,754,353
Less accumulated depreciation, depletion, amortization and impairment (1,998,294) (1,947,673)
Net evaluated oil and natural gas properties 1,126,944 806,680
Unevaluated properties 1,194,999 668,721
Total oil and natural gas properties 2,321,943 1,475,401
Other property and equipment, net 18,071 14,114
Restricted investments 3,348 3,332
Deferred financing costs 5,273 3,092
Fair value of derivatives 3,804 0
Acquisition deposit 0 46,138
Other assets, net 655 384
Total assets 2,581,664 2,267,587
Current liabilities:    
Accounts payable and accrued liabilities 144,958 95,577
Accrued interest 9,256 6,057
Cash-settleable restricted stock unit awards 3,650 8,919
Asset retirement obligations 1,767 2,729
Fair value of derivatives 2,243 18,268
Total current liabilities 161,874 131,550
Senior secured revolving credit facility 0 0
6.125% senior unsecured notes due 2024, net of unamortized deferred financing costs 595,138 390,219
Asset retirement obligations 5,031 3,932
Cash-settleable restricted stock unit awards 1,957 8,071
Deferred tax liability 921 90
Fair value of derivatives 441 28
Other long-term liabilities 405 295
Total liabilities 765,767 534,185
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; 201,806,900 and 201,041,320 shares outstanding, respectively 2,018 2,010
Capital in excess of par value 2,177,547 2,171,514
Accumulated deficit (363,683) (440,137)
Total stockholders’ equity 1,815,897 1,733,402
Total liabilities and stockholders’ equity $ 2,581,664 $ 2,267,587