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
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 95,466 $ 167,088
Accounts receivable—oil and gas 47,673 25,615
Accounts receivable—related parties 29,797 34,848
Prepaid expenses and other current assets 4,634 1,506
Deferred tax asset 787 0
Short-term derivative instruments 1,633 664
Note receivable - related party 875 0
Total current assets 180,865 229,721
Property and equipment:    
Oil and natural gas properties, full-cost accounting, $917,992 and $626,295 excluded from amortization in 2013 and 2012, respectively 2,253,605 1,611,090
Other property and equipment 10,164 8,662
Accumulated depletion, depreciation, amortization and impairment (747,698) (665,884)
Property and equipment, net 1,516,071 953,868
Other assets:    
Equity investments ($242,174 and $151,317 attributable to fair value option in 2013 and 2012, respectively) 500,679 381,484
Derivative instruments 127 0
Other assets 12,827 13,295
Total other assets 513,633 394,779
Total assets 2,210,569 1,578,368
Current liabilities:    
Accounts payable and accrued liabilities 179,357 110,244
Asset retirement obligation—current 780 60
Short-term derivative instruments 4,808 10,442
Current maturities of long-term debt 156 150
Total current liabilities 185,101 120,896
Long-term derivative instrument 962 0
Asset retirement obligation—long-term 13,988 13,215
Deferred tax liability 93,957 18,607
Long-term debt, net of current maturities 298,992 298,888
Other non-current liabilities 0 354
Total liabilities 593,000 451,960
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, 200,000,000 authorized, 77,584,405 issued and outstanding in 2013 and 67,527,386 in 2012 775 674
Paid-in capital 1,399,803 1,036,245
Accumulated other comprehensive loss (4,841) (3,429)
Retained earnings 221,832 92,918
Total stockholders’ equity 1,617,569 1,126,408
Total liabilities and stockholders’ equity $ 2,210,569 $ 1,578,368