Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 214,385 $ 167,088
Accounts receivable—oil and gas 30,798 25,615
Accounts receivable—related parties 36,823 34,848
Prepaid expenses and other current assets 2,639 1,506
Deferred tax asset 372 0
Short-term derivative instruments 863 664
Total current assets 285,880 229,721
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $872,113 and $626,295 excluded from amortization in 2013 and 2012, respectively 2,065,918 1,611,090
Other property and equipment 9,017 8,662
Accumulated depletion, depreciation, amortization and impairment (717,007) (665,884)
Property and equipment, net 1,357,928 953,868
Other assets:    
Equity investments ($198,662 and $151,317 attributable to fair value option in 2013 and 2012, respectively) 438,864 381,484
Other assets 13,153 13,295
Total other assets 452,017 394,779
Total assets 2,095,825 1,578,368
Current liabilities:    
Accounts payable and accrued liabilities 142,375 110,244
Asset retirement obligation—current 780 60
Short-term derivative instruments 1,839 10,442
Current maturities of long-term debt 154 150
Total current liabilities 145,148 120,896
Asset retirement obligation—long-term 13,231 13,215
Deferred tax liability 69,204 18,607
Long-term debt, net of current maturities 298,956 298,888
Other non-current liabilities 0 354
Total liabilities 526,539 451,960
Commitments and contingencies (Note 11)      
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, 100,000,000 authorized, 77,547,606 issued and outstanding in 2013 and 67,527,386 in 2012 775 674
Paid-in capital 1,398,188 1,036,245
Accumulated other comprehensive income (loss) (10,982) (3,429)
Retained earnings 181,305 92,918
Total stockholders’ equity 1,569,286 1,126,408
Total liabilities and stockholders’ equity $ 2,095,825 $ 1,578,368