Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 339,063 $ 99,058
Receivables:    
Oil and natural gas sales 49,482 45,443
Joint interest 16,493 19,754
Income taxes 65,240 13,006
Total receivables 131,215 78,203
Prepaid expenses and other assets (Note 1) 19,699 13,419
Total current assets 489,977 190,680
Oil and natural gas properties and other, net - at cost: (Note 1) 522,781 579,016
Restricted deposits for asset retirement obligations 20,577 25,394
Income taxes receivable   52,097
Other assets (Note 1) 69,014 60,393
Total assets 1,102,349 907,580
Current liabilities:    
Accounts payable 95,502 79,667
Undistributed oil and natural gas proceeds 34,225 20,129
Advances from joint interest partners 31,012 3,998
Asset retirement obligations 30,207 23,613
Current maturities of long-term debt: (Note 2)    
Principal 189,829  
Carrying value adjustments 34,985 22,925
Current maturities of long-term debt - carrying value 224,814 22,925
Accrued liabilities (Note 1) 31,058 17,930
Total current liabilities 446,818 168,262
Long-term debt: (Note 2)    
Principal 713,365 889,790
Carrying value adjustments 45,758 79,337
Long term debt, less current portion - carrying value 759,123 969,127
Asset retirement obligations, less current portion 283,009 276,833
Other liabilities (Note 1) 73,175 66,866
Commitments and contingencies (Note 11)
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at September 30, 2018 and December 31, 2017
Common stock, $0.00001 par value; 200,000,000 shares authorized; 142,022,971 issued and 139,153,798 outstanding at September 30, 2018 and 141,960,462 issued and 139,091,289 outstanding December 31, 2017 1 1
Additional paid-in capital 549,569 545,820
Retained earnings (deficit) (985,179) (1,095,162)
Treasury stock, at cost; 2,869,173 shares for both dates presented (24,167) (24,167)
Total shareholders' equity (deficit) (459,776) (573,508)
Total liabilities and shareholders' equity (deficit) $ 1,102,349 $ 907,580