Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 106,164 $ 70,236
Receivables:    
Oil and natural gas sales 39,165 43,073
Joint interest 21,877 21,885
Insurance reimbursement   30,100
Income taxes 11,623 11,943
Total receivables 72,665 107,001
Prepaid expenses and other assets (Note 1) 15,073 14,504
Total current assets 193,902 191,741
Oil and natural gas properties and other, net - at cost: (Note 1) 555,254 547,053
Restricted deposits for asset retirement obligations 25,339 27,371
Income tax receivables 52,097 52,097
Other assets (Note 1) 60,779 11,464
Total assets 887,371 829,726
Current liabilities:    
Accounts payable 72,197 81,039
Undistributed oil and natural gas proceeds 20,084 26,254
Asset retirement obligations 29,456 78,264
Long-term debt 11,147 8,272
Accrued liabilities (Note 1) 26,550 9,200
Total current liabilities 159,434 203,029
Long-term debt: (Note 2)    
Principal 873,733 873,733
Carrying value adjustments 108,884 138,722
Long term debt, less current portion - carrying value 982,617 1,012,455
Asset retirement obligations, less current portion 275,560 256,174
Other liabilities (Note 1) 67,031 17,105
Commitments and contingencies (Note 9)
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at September 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 September 30, 2017 and 140,543,545 issued and 137,674,372 outstanding at December 31, 2016 1 1
Additional paid-in capital 545,422 539,973
Retained earnings (deficit) (1,118,527) (1,174,844)
Treasury stock, at cost; 2,869,173 shares at September 30, 2017 and December 31, 2016 (24,167) (24,167)
Total shareholders’ equity (deficit) (597,271) (659,037)
Total liabilities and shareholders’ equity (deficit) $ 887,371 $ 829,726