Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 129,440 $ 99,058
Receivables:    
Oil and natural gas sales 52,073 45,443
Joint interest 19,366 19,754
Income taxes 65,240 13,006
Total receivables 136,679 78,203
Prepaid expenses and other assets (Note 1) 20,470 13,419
Total current assets 286,589 190,680
Oil and natural gas properties and other, net - at cost: (Note 1) 576,073 579,016
Restricted deposits for asset retirement obligations 26,072 25,394
Income taxes receivable   52,097
Other assets (Note 1) 69,418 60,393
Total assets 958,152 907,580
Current liabilities:    
Accounts payable 46,464 83,665
Undistributed oil and natural gas proceeds 22,649 20,129
Asset retirement obligations 27,923 23,613
Current maturities of long-term debt: (Note 2)    
Principal 189,829  
Carrying value adjustments 34,917 22,925
Current maturities of long-term debt - carrying value 224,746 22,925
Accrued liabilities (Note 1) 20,505 17,930
Total current liabilities 342,287 168,262
Long-term debt: (Note 2)    
Principal 713,365 889,790
Carrying value adjustments 47,605 79,337
Long term debt, less current portion - carrying value 760,970 969,127
Asset retirement obligations, less current portion 289,297 276,833
Other liabilities (Note 1) 73,007 66,866
Commitments and contingencies (Note 11)
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at June 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 June 30, 2018 and 141,960,462 issued and 139,091,289 outstanding December 31, 2017 1 1
Additional paid-in capital 548,196 545,820
Retained earnings (deficit) (1,031,439) (1,095,162)
Treasury stock, at cost; 2,869,173 shares at June 30, 2018 and December 31, 2017 (24,167) (24,167)
Total shareholders' equity (deficit) (507,409) (573,508)
Total liabilities and shareholders' equity (deficit) $ 958,152 $ 907,580