Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 15,800 $ 12,245
Receivables:    
Oil and natural gas sales 96,752 97,733
Joint interest and other 27,984 56,439
Income tax 3,120 47,884
Total receivables 127,856 202,056
Prepaid expenses and other assets 29,946 25,822
Total current assets 173,602 240,123
Property and equipment – at cost:    
Oil and natural gas properties and equipment (full cost method, of which $116,612 at December 31, 2013 and $123,503 at December 31, 2012 were excluded from amortization) 7,339,097 6,694,510
Furniture, fixtures and other 21,431 21,786
Total property and equipment 7,360,528 6,716,296
Less accumulated depreciation, depletion and amortization 5,084,704 4,655,841
Net property and equipment 2,275,824 2,060,455
Restricted deposits for asset retirement obligations 37,421 28,466
Other assets 20,455 19,943
Total assets 2,507,302 2,348,987
Current liabilities:    
Accounts payable 145,212 123,885
Undistributed oil and natural gas proceeds 42,107 37,073
Asset retirement obligations 77,785 92,630
Accrued liabilities 28,000 21,021
Total current liabilities 293,104 274,609
Long-term debt, less current maturities 1,205,421 1,087,611
Asset retirement obligations, less current portion 276,637 291,423
Deferred income taxes 178,142 145,249
Other liabilities 13,388 8,908
Commitments and contingencies      
Shareholders’ equity:    
Preferred stock, $0.00001 par value, 20,000,000 shares authorized and -0- issued at December 31, 2013 and December 31, 2012      
Common stock, $0.00001 par value; 118,330,000 shares authorized; 78,460,872 issued and 75,591,699 outstanding at December 31, 2013; 78,118,803 issued and 75,249,630 outstanding at December 31, 2012 1 1
Additional paid-in capital 403,564 396,186
Retained earnings 161,212 169,167
Treasury stock, at cost (24,167) (24,167)
Total shareholders’ equity 540,610 541,187
Total liabilities and shareholders’ equity $ 2,507,302 $ 2,348,987