Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

v3.8.0.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 125,271 $ 1,275,875
Restricted cash 0 185,000
Accounts receivable—oil and natural gas 180,106 136,761
Accounts receivable—related parties 362 16
Prepaid expenses and other current assets 5,666 3,135
Short-term derivative instruments 35,332 3,488
Total current assets 346,737 1,604,275
Property and equipment    
Oil and natural gas properties, full-cost accounting, $2,956,732 and $1,580,305 excluded from amortization in 2017 and 2016, respectively 8,867,239 6,071,920
Other property and equipment 84,225 68,986
Accumulated depletion, depreciation, amortization and impairment (4,043,879) (3,789,780)
Property and equipment, net 4,907,585 2,351,126
Other assets    
Equity investments 279,282 243,920
Long-term derivative instruments 6,409 5,696
Deferred tax asset 4,692 4,692
Inventories 13,908 4,504
Other assets 18,985 8,932
Total other assets 323,276 267,744
Total assets 5,577,598 4,223,145
Current liabilities    
Accounts payable and accrued liabilities 582,928 265,124
Asset retirement obligation—current 195 195
Short-term derivative instruments 29,130 119,219
Current maturities of long-term debt 570 276
Total current liabilities 612,823 384,814
Long-term derivative instrument 19,712 26,759
Asset retirement obligation—long-term 44,266 34,081
Long-term debt, net of current maturities 1,958,136 1,593,599
Total liabilities 2,634,937 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, 183,081,776 issued and outstanding at September 30, 2017 and 158,829,816 at December 31, 2016 1,831 1,588
Paid-in capital 4,413,623 3,946,442
Accumulated other comprehensive loss (40,339) (53,058)
Retained deficit (1,432,454) (1,711,080)
Total stockholders’ equity 2,942,661 2,183,892
Total liabilities and stockholders’ equity $ 5,577,598 $ 4,223,145