Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,633 $ 6,060
Accounts receivable—oil and natural gas sales 74,099 121,210
Accounts receivable—joint interest and other 42,547 47,975
Prepaid expenses and other current assets 11,848 4,431
Short-term derivative instruments 171,755 126,201
Total current assets 301,882 305,877
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $1,608,640 and $1,686,666 excluded from amortization in 2020 and 2019, respectively 10,667,532 10,595,735
Other property and equipment 96,882 96,719
Accumulated depletion, depreciation, amortization and impairment (7,859,873) (7,228,660)
Property and equipment, net 2,904,541 3,463,794
Other assets:    
Equity investments 6,225 32,044
Long-term derivative instruments 0 563
Deferred tax asset 0 7,563
Operating lease assets 10,186 14,168
Operating lease assets—related parties 0 43,270
Other assets 41,453 15,540
Total other assets 57,864 113,148
Total assets 3,264,287 3,882,819
Current liabilities:    
Accounts payable and accrued liabilities 437,453 415,218
Short-term derivative instruments 67 303
Current portion of operating lease liabilities 9,873 13,826
Current portion of operating lease liabilities—related parties 0 21,220
Current maturities of long-term debt 688 631
Total current liabilities 448,081 451,198
Long-term derivative instruments 70,829 53,135
Asset retirement obligation 59,444 60,355
Uncertain tax position liability 3,209 3,127
Non-current operating lease liabilities 313 342
Non-current operating lease liabilities—related parties 0 22,050
Long-term debt, net of current maturities 1,898,362 1,978,020
Total liabilities 2,480,238 2,568,227
Commitments and contingencies (Note 9)
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 - $.01 par value, 200,000,000 shares authorized, 159,841,930 issued and outstanding at March 31, 2020 and 159,710,955 at December 31, 2019 1,598 1,597
Paid-in capital 4,209,578 4,207,554
Accumulated other comprehensive loss (61,863) (46,833)
Accumulated deficit (3,365,264) (2,847,726)
Total stockholders’ equity 784,049 1,314,592
Total liabilities and stockholders’ equity $ 3,264,287 $ 3,882,819