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, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 20,777 $ 52,297
Accounts receivable—oil and natural gas sales 131,675 210,200
Accounts receivable—joint interest and other 46,645 22,497
Prepaid expenses and other current assets 9,474 10,607
Short-term derivative instruments 134,920 21,352
Total current assets 343,491 316,953
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $2,836,441 and $2,873,037 excluded from amortization in 2019 and 2018, respectively 10,510,427 10,026,836
Other property and equipment 96,413 92,667
Accumulated depletion, depreciation, amortization and impairment (4,882,729) (4,640,098)
Property and equipment, net 5,724,111 5,479,405
Other assets:    
Equity investments 119,307 236,121
Long-term derivative instruments 5,036 0
Deferred tax asset 179,331 0
Inventories 9,001 4,754
Operating lease assets 19,334  
Operating lease assets - related parties 53,579  
Other assets 12,280 13,803
Total other assets 397,868 254,678
Total assets 6,465,470 6,051,036
Current liabilities:    
Accounts payable and accrued liabilities 493,830 518,380
Short-term derivative instruments 198 20,401
Current portion of operating lease liabilities 17,999  
Current portion of operating lease liabilities - related parties 20,817  
Current maturities of long-term debt 615 651
Total current liabilities 533,459 539,432
Long-term derivative instruments 210 13,992
Asset retirement obligation—long-term 88,491 79,952
Deferred tax liability 3,127 3,127
Non-current operating lease liabilities 1,335  
Non-current operating lease liabilities - related parties 32,762  
Long-term debt, net of current maturities 2,198,678 2,086,765
Total liabilities 2,858,062 2,723,268
Commitments and contingencies (Note 7)
Preferred stock, $0.01 par value; 5,000,000 shares authorized (30,000 authorized as redeemable 12% cumulative preferred stock, Series A), and none issued and outstanding 0 0
Stockholders’ equity:    
Common stock - $0.01 par value, 200,000,000 shares authorized, 159,396,017 issued and outstanding at June 30, 2019 and 162,986,045 at December 31, 2018 1,594 1,630
Paid-in capital 4,202,599 4,227,532
Accumulated other comprehensive loss (48,615) (56,026)
Accumulated deficit (548,170) (845,368)
Total stockholders’ equity 3,607,408 3,327,768
Total liabilities and stockholders’ equity $ 6,465,470 $ 6,051,036