Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 51,043 $ 6,060
Accounts receivable—oil and natural gas sales 92,443 121,210
Accounts receivable—joint interest and other 15,421 47,975
Prepaid expenses and other current assets 51,187 4,431
Short-term derivative instruments 6,245 126,201
Current assets 216,339 305,877
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $1,526,941 and $1,686,666 excluded from amortization in 2020 and 2019, respectively 10,786,305 10,595,735
Other property and equipment 95,921 96,719
Accumulated depletion, depreciation, amortization and impairment (8,779,704) (7,228,660)
Property and equipment, net 2,102,522 3,463,794
Other assets:    
Equity investments 16,560 32,044
Long-term derivative instruments 1,098 563
Deferred tax asset 0 7,563
Operating lease assets 2,012 14,168
Operating lease assets—related parties 0 43,270
Other assets 37,028 15,540
Total other assets 56,698 113,148
Total assets 2,375,559 3,882,819
Current liabilities:    
Accounts payable and accrued liabilities 295,359 415,218
Short-term derivative instruments 24,164 303
Current portion of operating lease liabilities 1,757 13,826
Current portion of operating lease liabilities—related parties 0 21,220
Current maturities of long-term debt 656 631
Current liabilities 321,936 451,198
Long-term derivative instruments 63,803 53,135
Asset retirement obligation 62,935 60,355
Uncertain tax position liability 3,371 3,127
Non-current operating lease liabilities 255 342
Non-current operating lease liabilities—related parties 0 22,050
Long-term debt, net of current maturities 2,068,036 1,978,020
Total liabilities 2,520,336 2,568,227
Commitments and contingencies (Note 9)
Preferred stock - $0.01 par value; 5.0 million shares authorized (30 thousand authorized as redeemable 12% cumulative preferred stock, Series A), and none issued and outstanding 0 0
Stockholders’ equity:    
Common stock - $0.01 par value, 200.0 million shares authorized, 160.8 million issued and outstanding at September 30, 2020 and 159.7 million at December 31, 2019 1,607 1,597
Paid-in capital 4,212,241 4,207,554
Accumulated other comprehensive loss (51,330) (46,833)
Accumulated deficit (4,307,295) (2,847,726)
Total stockholders’ equity (144,777) 1,314,592
Total liabilities and stockholders’ equity $ 2,375,559 $ 3,882,819