Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 72,320 $ 70,236
Receivables:    
Oil and natural gas sales 39,397 43,073
Joint interest 19,920 21,885
Insurance reimbursement   30,100
Income taxes 12,027 11,943
Total receivables 71,344 107,001
Prepaid expenses and other assets (Note 1) 21,944 14,504
Total current assets 165,608 191,741
Oil and natural gas properties and other, net - at cost: (Note 1) 550,681 547,053
Restricted deposits for asset retirement obligations 28,712 27,371
Income tax receivables 68,974 52,097
Other assets (Note 1) 60,996 11,464
Total assets 874,971 829,726
Current liabilities:    
Accounts payable 58,283 81,039
Undistributed oil and natural gas proceeds 21,270 26,254
Asset retirement obligations 52,432 78,264
Long-term debt 11,147 8,272
Accrued liabilities (Note 1) 13,122 9,200
Total current liabilities 156,254 203,029
Long-term debt: (Note 2)    
Principal 873,733 873,733
Carrying value adjustments 110,604 138,722
Long term debt, less current portion - carrying value 984,337 1,012,455
Asset retirement obligations, less current portion 265,428 256,174
Other liabilities (Note 1) 66,909 17,105
Commitments and contingencies (Note 9)
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at June 30, 2017 and December 31, 2016
Common stock, $0.00001 par value; 200,000,000 shares authorized; 140,690,917 issued and 137,821,744 outstanding at June 30, 2017 and 140,543,545 issued and 137,674,372 outstanding at December 31, 2016 1 1
Additional paid-in capital 543,439 539,973
Retained earnings (deficit) (1,117,230) (1,174,844)
Treasury stock, at cost; 2,869,173 shares at June 30, 2017 and December 31, 2016 (24,167) (24,167)
Total shareholders’ equity (deficit) (597,957) (659,037)
Total liabilities and shareholders’ equity (deficit) $ 874,971 $ 829,726