Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 7,463 $ 23,666
Receivables:    
Oil and natural gas sales 43,955 67,242
Joint interest and other 42,435 43,645
Total receivables 86,390 110,887
Deferred income taxes 4,328 11,662
Prepaid expenses and other assets 25,513 36,347
Total current assets 123,694 182,562
Property and equipment - at cost:    
Oil and natural gas properties and equipment (full cost method, of which $111,677 at September 30, 2015 and $109,824 at December 31, 2014 were excluded from amortization) 8,257,118 8,045,666
Furniture, fixtures and other 21,372 23,269
Total property and equipment 8,278,490 8,068,935
Less accumulated depreciation, depletion and amortization 6,838,075 5,575,078
Net property and equipment 1,440,415 2,493,857
Restricted deposits for asset retirement obligations 15,578 15,444
Other assets 20,284 17,244
Total assets 1,599,971 2,709,107
Current liabilities:    
Accounts payable 107,469 194,109
Undistributed oil and natural gas proceeds 28,870 37,009
Asset retirement obligations 84,588 36,003
Accrued liabilities 39,171 17,377
Total current liabilities 260,098 284,498
Long-term debt, less current maturities 1,473,348 1,360,057
Asset retirement obligations, less current portion 315,038 354,565
Deferred income taxes 13,173 186,988
Other liabilities $ 14,065 $ 13,691
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at September 30, 2015 and December 31, 2014
Common stock, $0.00001 par value; 118,330,000 shares authorized; 78,879,727 issued and 76,010,554 outstanding at September 30, 2015; 78,768,588 issued and 75,899,415 outstanding at December 31, 2014 $ 1 $ 1
Additional paid-in capital 422,633 414,580
Retained earnings (deficit) (874,218) 118,894
Treasury stock, at cost (24,167) (24,167)
Total shareholders’ equity (deficit) (475,751) 509,308
Total liabilities and shareholders’ equity $ 1,599,971 $ 2,709,107