Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 33,293 $ 99,058
Receivables:    
Oil and natural gas sales 47,804 45,443
Joint interest, net 14,634 19,754
Income taxes 54,076 13,006
Total receivables 116,514 78,203
Prepaid expenses and other assets (Note 1) 76,406 13,419
Total current assets 226,213 190,680
Oil and natural gas properties and other, net – at cost: (Note 1) 515,421 579,016
Restricted deposits for asset retirement obligations 15,685 25,394
Income tax receivables   52,097
Other assets (Note 1) 91,547 60,393
Total assets 848,866 907,580
Current liabilities:    
Accounts payable 82,067 79,667
Undistributed oil and natural gas proceeds 28,995 20,129
Advances from joint interest partners 20,627 3,998
Asset retirement obligations 24,994 23,613
Long-term debt   22,925
Accrued liabilities (Note 1) 29,611 17,930
Total current liabilities 186,294 168,262
Long-term debt: (Note 2)    
Principal 646,000 889,790
Carrying value adjustments (12,465) 79,337
Long-term debt, less current portion – carrying value 633,535 969,127
Asset retirement obligations, less current portion 285,143 276,833
Other liabilities (Note 1) 68,690 66,866
Commitments and contingencies (Note 18)
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at December 31, 2018 and December 31, 2017
Common stock, $0.00001 par value; 200,000,000 shares authorized; 143,513,206 issued and 140,644,033 outstanding at December 31, 2018 and 141,960,462 issued and 139,091,289 outstanding at December 31, 2017 1 1
Additional paid-in capital 545,705 545,820
Retained earnings (deficit) (846,335) (1,095,162)
Treasury stock, at cost; 2,869,173 shares at December 31, 2018 and December 31, 2017 (24,167) (24,167)
Total shareholders' equity (deficit) (324,796) (573,508)
Total liabilities and shareholders' equity (deficit) $ 848,866 $ 907,580