Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 525,488 $ 142,340
Restricted cash 75,005 0
Accounts receivable—oil and gas 86,621 103,858
Accounts receivable—related parties 90 46
Prepaid expenses and other current assets 15,168 3,714
Short-term derivative instruments 77,350 78,391
Total current assets 779,722 328,349
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $1,797,025 and $1,465,538 excluded from amortization in 2015 and 2014, respectively 4,798,835 3,923,154
Other property and equipment 22,930 18,344
Accumulated depletion, depreciation, amortization and impairment (1,211,308) (1,050,879)
Property and equipment, net 3,610,457 2,890,619
Other assets:    
Equity investments 362,391 369,581
Derivative instruments 25,871 24,448
Other assets 25,418 19,396
Total other assets 413,680 413,425
Total assets 4,803,859 3,632,393
Current liabilities:    
Accounts payable and accrued liabilities 318,725 371,410
Asset retirement obligation—current 75 75
Deferred tax liability 26,508 27,070
Short-term derivative instruments 937  
Current maturities of long-term debt 1,738 168
Total current liabilities 347,983 398,723
Long-term derivative instrument 2,753 0
Asset retirement obligation—long-term 21,202 17,863
Deferred tax liability 201,022 203,195
Long-term debt, net of current maturities 963,593 716,316
Total liabilities $ 1,536,553 $ 1,336,097
Commitments and contingencies (Note 9)    
Preferred stock, $.01 par value; 5,000,000 authorized, 30,000 authorized as redeemable 12% cumulative preferred stock, Series A; 0 issued and outstanding $ 0 $ 0
Stockholders’ equity:    
Common stock - $.01 par value, 200,000,000 authorized, 108,203,981 issued and outstanding at June 30, 2015 and 85,655,438 at December 31, 2014 1,081 856
Paid-in capital 2,816,930 1,828,602
Accumulated other comprehensive loss (38,412) (26,675)
Retained earnings 487,707 493,513
Total stockholders’ equity 3,267,306 2,296,296
Total liabilities and stockholders’ equity $ 4,803,859 $ 3,632,393