Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation (Tables)

v3.7.0.1
Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Schedule of Amounts Recorded in Prepaid Expenses and Other Assets

The amounts recorded in Prepaid expenses and other assets are expected to be realized within one year.  The major categories are presented in the following table (in thousands):

 

 

June 30,

 

 

December 31,

 

 

2017

 

 

2016

 

Derivative assets (1)

$

6,365

 

 

$

 

Prepaid/accrued insurance

 

3,802

 

 

 

2,924

 

Surety bond unamortized premiums

 

2,855

 

 

 

2,462

 

Prepaid deposits related to royalties

 

6,155

 

 

 

6,237

 

Other

 

2,767

 

 

 

2,881

 

Prepaid expenses and other assets

$

21,944

 

 

$

14,504

 

 

(1)

Includes open and closed (and not settled) derivative commodity contracts recorded at fair value.

Schedule of Oil and Natural Gas Properties and Other, Net at Cost

Oil and Natural Gas Properties and Other, Net – at cost.  Oil and natural gas properties and equipment are recorded at cost using the full cost method.  There were no amounts excluded from amortization as of the dates presented in the following table (in thousands):

 

 

June 30,

 

 

December 31,

 

 

2017

 

 

2016

 

Oil and natural gas properties and equipment

$

8,007,073

 

 

$

7,932,504

 

Furniture, fixtures and other

 

21,751

 

 

 

20,898

 

Total property and equipment

 

8,028,824

 

 

 

7,953,402

 

Less accumulated depreciation, depletion and amortization

 

7,478,143

 

 

 

7,406,349

 

Oil and natural gas properties and other, net

$

550,681

 

 

$

547,053

 

 

Schedule of Accrued Liabilities

 

Accrued Liabilities.  The major categories recorded in Accrued liabilities are presented in the following table (in thousands):

 

 

June 30,

 

 

December 31,

 

 

2017

 

 

2016

 

Accrued interest

$

4,196

 

 

$

4,189

 

Accrued salaries/payroll taxes/benefits

 

4,627

 

 

 

2,777

 

Other

 

4,299

 

 

 

2,234

 

Total accrued liabilities

$

13,122

 

 

$

9,200

 

 

Schedule of Other Assets (Long-term)

The major categories recorded in Other assets are presented in the following table (in thousands)

 

 

June 30,

 

 

December 31,

 

 

2017

 

 

2016

 

Escrow deposit - Apache lawsuit

$

49,500

 

 

$

 

Appeal bond deposits

 

6,925

 

 

 

6,925

 

Other

 

4,571

 

 

 

4,539

 

Total other assets

$

60,996

 

 

$

11,464

 

 

Schedule of Other Liabilities (Long-term)

The major categories recorded in Other liabilities are presented in the following table (in thousands):

 

 

June 30,

 

 

December 31,

 

 

2017

 

 

2016

 

Apache lawsuit

$

49,500

 

 

$

 

Uncertain tax positions including interest/penalties

 

10,796

 

 

 

10,584

 

Other

 

6,613

 

 

 

6,521

 

Total other liabilities (long-term)

$

66,909

 

 

$

17,105