Current report filing

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Current assets:      
Cash and cash equivalents $ 225,980 $ 167,088 $ 93,897
Accounts receivable-oil and gas 22,023 25,615 28,019
Accounts receivable - related parties 37,062 34,848 4,731
Prepaid expenses and other current assets 1,435 1,506 1,327
Short-term derivative instruments 343 664 1,601
Total current assets 286,843 229,721 129,575
Property and equipment:      
Oil and natural gas properties, full-cost accounting, $626,295,000 and $138,623,000 excluded from amortization in 2012 and 2011, respectively 1,932,419 1,611,090 1,035,754
Other property and equipment 8,924 8,662 8,024
Accumulated depletion, depreciation, amortization and impairment (688,467) (665,884) (575,142)
Property and equipment, net 1,252,876 953,868 468,636
Other assets:      
Equity investments ($151,317,000 and $0 attributable to fair value option in 2012 and 2011, respectively) 451,592 381,484 86,824
Other assets 13,159 13,295 5,123
Total other assets 464,751 394,779 91,947
Deferred tax asset   0 1,000
Total assets 2,004,470 1,578,368 691,158
Current liabilities:      
Accounts payable and accrued liabilities 109,777 110,244 43,872
Asset retirement obligation-current 780 60 620
Short-term derivative instruments 9,689 10,442   
Deferred tax liability 158 0  
Current maturities of long-term debt 152 150 141
Total current liabilities 120,556 120,896 44,633
Asset retirement obligation - long-term 12,560 13,215 12,033
Deferred tax liability 45,382 18,607 0
Long-term debt, net of current maturities 298,921 298,888 2,142
Other non-current liabilities 142 354 0
Total liabilities 477,561 451,960 58,808
Commitments and contingencies (Notes 16 and 17)         
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 0
Stockholders' equity:      
Common stock - $.01 par value, 100,000,000 authorized, 67,527,386 issued and outstanding in 2012 and 55,621,371 in 2011 773 674 556
Paid-in capital 1,395,288 1,036,245 604,584
Accumulated other comprehensive income (loss) (6,629) (3,429) 2,663
Retained earnings 137,477 92,918 24,547
Total stockholders' equity 1,526,909 1,126,408 632,350
Total liabilities and stockholders' equity $ 2,004,470 $ 1,578,368 $ 691,158