Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 15,227 $ 12,245
Receivables:    
Oil and natural gas sales 85,221 97,733
Joint interest and other 31,492 56,439
Income taxes   47,884
Total receivables 116,713 202,056
Restricted cash and cash equivalents 16,459   
Prepaid expenses and other assets 32,850 25,822
Total current assets 181,249 240,123
Property and equipment – at cost:    
Oil and natural gas properties and equipment (full cost method, of which $129,584 at September 30, 2013 and $123,503 at December 31, 2012 were excluded from amortization) 7,120,086 6,694,510
Furniture, fixtures and other 21,325 21,786
Total property and equipment 7,141,411 6,716,296
Less accumulated depreciation, depletion and amortization 4,950,768 4,655,841
Net property and equipment 2,190,643 2,060,455
Restricted deposits for asset retirement obligations 34,966 28,466
Other assets 16,842 19,943
Total assets 2,423,700 2,348,987
Current liabilities:    
Accounts payable 129,988 123,885
Undistributed oil and natural gas proceeds 41,278 37,073
Asset retirement obligations 95,014 92,630
Accrued liabilities 51,048 21,021
Total current liabilities 317,328 274,609
Long-term debt 1,052,984 1,087,611
Asset retirement obligations, less current portion 267,093 291,423
Deferred income taxes 177,404 145,249
Other liabilities 15,859 8,908
Commitments and contingencies      
Shareholders’ equity:    
Preferred stock, $0.00001 par value; 20,000,000 shares authorized; 0 issued at September 30, 2013 and December 31, 2012      
Common stock, $0.00001 par value; 118,330,000 shares authorized; 78,146,253 issued and 75,277,080 outstanding at September 30, 2013, and 78,118,803 issued and 75,249,630 outstanding at December 31, 2012 1 1
Additional paid-in capital 404,604 396,186
Retained earnings 212,594 169,167
Treasury stock, at cost (24,167) (24,167)
Total shareholders’ equity 593,032 541,187
Total liabilities and shareholders’ equity $ 2,423,700 $ 2,348,987