Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 117,555 $ 1,275,875
Restricted cash 0 185,000
Accounts receivable—oil and natural gas 164,154 136,761
Accounts receivable—related parties 185 16
Prepaid expenses and other current assets 4,279 3,135
Short-term derivative instruments 46,416 3,488
Total current assets 332,589 1,604,275
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $3,109,143 and $1,580,305 excluded from amortization in 2017 and 2016, respectively 8,500,790 6,071,920
Other property and equipment 79,521 68,986
Accumulated depletion, depreciation, amortization and impairment (3,937,656) (3,789,780)
Property and equipment, net 4,642,655 2,351,126
Other assets:    
Equity investments 256,265 243,920
Long-term derivative instruments 19,761 5,696
Deferred tax asset 4,692 4,692
Inventories 19,303 4,504
Other assets 18,890 8,932
Total other assets 318,911 267,744
Total assets 5,294,155 4,223,145
Current liabilities:    
Accounts payable and accrued liabilities 495,734 265,124
Asset retirement obligation—current 195 195
Short-term derivative instruments 28,106 119,219
Current maturities of long-term debt 595 276
Total current liabilities 524,630 384,814
Long-term derivative instrument 8,198 26,759
Asset retirement obligation—long-term 43,934 34,081
Long-term debt, net of current maturities 1,802,554 1,593,599
Total liabilities 2,379,316 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, 182,854,921 issued and outstanding at June 30, 2017 and 158,829,816 at December 31, 2016 1,828 1,588
Paid-in capital 4,410,871 3,946,442
Accumulated other comprehensive loss (47,171) (53,058)
Retained deficit (1,450,689) (1,711,080)
Total stockholders’ equity 2,914,839 2,183,892
Total liabilities and stockholders’ equity $ 5,294,155 $ 4,223,145