Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 126,095 $ 70,236
Receivables:    
Oil and natural gas sales 44,954 43,073
Joint interest 16,843 21,885
Insurance reimbursement   30,100
Income taxes 11,943 11,943
Total receivables 73,740 107,001
Prepaid expenses and other assets (Note 1) 17,135 14,504
Total current assets 216,970 191,741
Oil and natural gas properties and other, net - at cost: (Note 1) 538,114 547,053
Restricted deposits for asset retirement obligations 28,224 27,371
Income tax receivables 59,789 52,097
Other assets 11,403 11,464
Total assets 854,500 829,726
Current liabilities:    
Accounts payable 81,398 81,039
Undistributed oil and natural gas proceeds 22,366 26,254
Asset retirement obligations 66,150 78,264
Long-term debt 8,250 8,272
Accrued liabilities (Note 1) 20,536 9,200
Total current liabilities 198,700 203,029
Long-term debt: (Note 2)    
Principal 873,733 873,733
Carrying value adjustments 137,001 138,722
Long term debt, less current portion - carrying value 1,010,734 1,012,455
Asset retirement obligations, less current portion 260,650 256,174
Other liabilities 17,226 17,105
Commitments and contingencies (Note 9)
Shareholders’ equity (deficit):    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at March 31, 2017 and December 31, 2016
Common stock, $0.00001 par value; 200,000,000 shares authorized; 140,543,545 issued and 137,674,372 outstanding at March 31, 2017 and December 31, 2016 1 1
Additional paid-in capital 541,901 539,973
Retained earnings (deficit) (1,150,545) (1,174,844)
Treasury stock, at cost; 2,869,173 shares at March 31, 2017 and December 31, 2016 (24,167) (24,167)
Total shareholders’ equity (deficit) (632,810) (659,037)
Total liabilities and shareholders’ equity (deficit) $ 854,500 $ 829,726