Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 10,124 $ 52,297
Accounts receivable—oil and natural gas sales 112,657 210,200
Accounts receivable—joint interest and other 41,327 22,497
Prepaid expenses and other current assets 5,658 10,017
Short-term derivative instruments 134,571 21,352
Total current assets 304,337 316,363
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $2,260,759 and $2,873,037 excluded from amortization in 2019 and 2018, respectively 10,551,713 10,026,836
Other property and equipment 96,233 92,667
Accumulated depletion, depreciation, amortization and impairment (5,616,988) (4,640,098)
Property and equipment, net 5,030,958 5,479,405
Other assets:    
Equity investments 73,962 236,121
Long-term derivative instruments 23,419 0
Deferred tax asset 323,378 0
Inventories 7,022 5,344
Operating lease assets 13,920  
Operating lease assets - related parties 48,449  
Other assets 11,653 13,803
Total other assets 501,803 255,268
Total assets 5,837,098 6,051,036
Current liabilities:    
Accounts payable and accrued liabilities 439,019 518,380
Short-term derivative instruments 429 20,401
Current portion of operating lease liabilities 12,848  
Current portion of operating lease liabilities - related parties 21,017  
Current maturities of long-term debt 622 651
Total current liabilities 473,935 539,432
Long-term derivative instruments 72,040 13,992
Asset retirement obligation—long-term 59,819 79,952
Uncertain tax position liability 3,127 3,127
Non-current operating lease liabilities 1,072  
Non-current operating lease liabilities - related parties 27,432  
Long-term debt, net of current maturities 2,076,569 2,086,765
Total liabilities 2,713,994 2,723,268
Commitments and contingencies (Note 8)
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, 159,709,221 issued and outstanding at September 30, 2019 and 162,986,045 at December 31, 2018 1,597 1,630
Paid-in capital 4,205,158 4,227,532
Accumulated other comprehensive loss (50,679) (56,026)
Accumulated deficit (1,032,972) (845,368)
Total stockholders’ equity 3,123,104 3,327,768
Total liabilities and stockholders’ equity $ 5,837,098 $ 6,051,036