Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 130,711 $ 99,058
Receivables:    
Oil and natural gas sales 44,942 45,443
Joint interest 17,835 19,754
Income taxes 65,103 13,006
Total receivables 127,880 78,203
Prepaid expenses and other assets (Note 1) 20,197 13,419
Total current assets 278,788 190,680
Oil and natural gas properties and other, net - at cost: (Note 1) 573,352 579,016
Restricted deposits for asset retirement obligations 25,622 25,394
Income taxes receivable   52,097
Other assets (Note 1) 64,414 60,393
Total assets 942,176 907,580
Current liabilities:    
Accounts payable 77,444 83,665
Undistributed oil and natural gas proceeds 22,273 20,129
Asset retirement obligations 25,748 23,613
Long-term debt 22,858 22,925
Accrued liabilities (Note 1) 23,293 17,930
Total current liabilities 171,616 168,262
Long-term debt: (Note 2)    
Principal 889,790 889,790
Carrying value adjustments 77,691 79,337
Long term debt, less current portion - carrying value 967,481 969,127
Asset retirement obligations, less current portion 280,735 276,833
Other liabilities (Note 1) 66,993 66,866
Commitments and contingencies (Note 10)
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at March 31, 2018 and December 31, 2017
Common stock, $0.00001 par value; 200,000,000 shares authorized; 141,960,462 issued and 139,091,289 outstanding at March 31, 2018 and December 31, 2017 1 1
Additional paid-in capital 547,039 545,820
Retained earnings (deficit) (1,067,522) (1,095,162)
Treasury stock, at cost; 2,869,173 shares at March 31, 2018 and December 31, 2017 (24,167) (24,167)
Total shareholders' equity (deficit) (544,649) (573,508)
Total liabilities and shareholders' equity (deficit) $ 942,176 $ 907,580