Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 17,220 $ 15,800
Receivables:    
Oil and natural gas sales 97,688 96,752
Joint interest and other 32,785 27,984
Income taxes 120 3,120
Total receivables 130,593 127,856
Prepaid expenses and other assets 32,555 29,946
Total current assets 180,368 173,602
Property and equipment - at cost:    
Oil and natural gas properties and equipment (full cost method, of which $123,903 at September 30, 2014 and $116,612 at December 31, 2013 were excluded from amortization) 7,865,702 7,339,097
Furniture, fixtures and other 22,128 21,431
Total property and equipment 7,887,830 7,360,528
Less accumulated depreciation, depletion and amortization 5,449,545 5,084,704
Net property and equipment 2,438,285 2,275,824
Restricted deposits for asset retirement obligations 15,382 37,421
Other assets 17,989 20,455
Total assets 2,652,024 2,507,302
Current liabilities:    
Accounts payable 159,621 145,212
Undistributed oil and natural gas proceeds 37,821 42,107
Asset retirement obligations 115,722 77,785
Accrued liabilities 39,030 28,000
Total current liabilities 352,194 293,104
Long-term debt, less current maturities 1,260,665 1,205,421
Asset retirement obligations, less current portion 288,280 276,637
Deferred income taxes 187,057 178,142
Other liabilities 13,634 13,388
Commitments and contingencies      
Shareholders' equity:    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at September 30, 2014 and December 31, 2013      
Common stock, $0.00001 par value; 118,330,000 shares authorized; 78,525,731 issued and 75,656,558 outstanding at September 30, 2014; 78,460,872 issued and 75,591,699 outstanding at December 31, 2013 1 1
Additional paid-in capital 414,430 403,564
Retained earnings 159,930 161,212
Treasury stock, at cost (24,167) (24,167)
Total shareholders' equity 550,194 540,610
Total liabilities and shareholders' equity $ 2,652,024 $ 2,507,302