Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 454,377 $ 112,974
Accounts receivable—oil and gas 78,501 71,872
Accounts receivable—related parties 17 16
Prepaid expenses and other current assets 2,755 3,905
Short-term derivative instruments 152,211 142,794
Total current assets 687,861 331,561
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $1,782,295 and $1,817,701 excluded from amortization in 2016 and 2015, respectively 5,506,570 5,424,342
Other property and equipment 40,576 33,171
Accumulated depletion, depreciation, amortization and impairment (3,112,767) (2,829,110)
Property and equipment, net 2,434,379 2,628,403
Other assets:    
Equity investments 244,601 242,393
Long-term derivative instruments 42,455 51,088
Deferred tax asset 76,327 74,925
Other assets 17,036 6,364
Total other assets 380,419 374,770
Total assets 3,502,659 3,334,734
Current liabilities:    
Accounts payable and accrued liabilities 235,834 265,128
Asset retirement obligation—current 75 75
Short-term derivative instruments 5,715 437
Deferred tax liability 51,908 50,697
Current maturities of long-term debt 0 179
Total current liabilities 293,532 316,516
Long-term derivative instrument 10,127 6,935
Asset retirement obligation—long-term 28,471 26,362
Long-term debt, net of current maturities 949,740 946,084
Total liabilities $ 1,281,870 $ 1,295,897
Commitments and contingencies (Note 10)
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, 125,327,560 issued and outstanding at March 31, 2016 and 108,322,250 at December 31, 2015 1,252 1,082
Paid-in capital 3,239,294 2,824,303
Accumulated other comprehensive loss (46,119) (55,177)
Retained deficit (973,638) (731,371)
Total stockholders’ equity 2,220,789 2,038,837
Total liabilities and stockholders’ equity $ 3,502,659 $ 3,334,734