Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.7.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 102,485 $ 1,275,875
Restricted cash 0 185,000
Accounts receivable—oil and gas 158,154 136,761
Accounts receivable—related parties 39 16
Prepaid expenses and other current assets 16,005 7,639
Short-term derivative instruments 18,925 3,488
Total current assets 295,608 1,608,779
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $3,073,448 and $1,580,305 excluded from amortization in 2017 and 2016, respectively 8,146,321 6,071,920
Other property and equipment 75,107 68,986
Accumulated depletion, depreciation, amortization and impairment (3,855,629) (3,789,780)
Property and equipment, net 4,365,799 2,351,126
Other assets:    
Equity investments 251,370 243,920
Long-term derivative instruments 23,515 5,696
Deferred tax asset 4,692 4,692
Other assets 12,945 8,932
Total other assets 292,522 263,240
Total assets 4,953,929 4,223,145
Current liabilities:    
Accounts payable and accrued liabilities 406,139 265,124
Asset retirement obligation—current 195 195
Short-term derivative instruments 67,179 119,219
Current maturities of long-term debt 452 276
Total current liabilities 473,965 384,814
Long-term derivative instrument 5,259 26,759
Asset retirement obligation—long-term 41,142 34,081
Long-term debt, net of current maturities 1,631,809 1,593,599
Total liabilities 2,152,175 2,039,253
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, 182,835,801 issued and outstanding at March 31, 2017 and 158,829,816 at December 31, 2016 1,828 1,588
Paid-in capital 4,408,236 3,946,442
Accumulated other comprehensive loss (51,685) (53,058)
Retained deficit (1,556,625) (1,711,080)
Total stockholders’ equity 2,801,754 2,183,892
Total liabilities and stockholders’ equity $ 4,953,929 $ 4,223,145