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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 0 $ 53
Accounts receivable, net of allowance for doubtful accounts:    
Oil and natural gas 271 220
Joint operations and other 223 238
Derivative instruments 4 4
Prepaid costs and other 37 31
Total current assets 535 546
Property and equipment:    
Oil and natural gas properties, successful efforts method 20,754 18,476
Accumulated depletion and depreciation (8,167) (7,390)
Total oil and natural gas properties, net 12,587 11,086
Other property and equipment, net 232 216
Total property and equipment, net 12,819 11,302
Funds held in escrow 0 43
Deferred loan costs, net 14 11
Intangible asset - operating rights, net 24 24
Inventory 15 16
Noncurrent derivative instruments 28 0
Other assets 47 177
Total assets 13,482 12,119
Current liabilities:    
Accounts payable - trade 36 28
Bank overdrafts 68 0
Revenue payable 135 132
Accrued drilling costs 381 359
Derivative instruments 37 82
Other current liabilities 153 152
Total current liabilities 810 753
Long-term debt 2,738 2,741
Deferred income taxes 1,150 766
Noncurrent derivative instruments 6 96
Asset retirement obligations and other long-term liabilities 147 140
Commitments and contingencies (Note 9)
Stockholders' equity:    
Common stock, $0.001 par value; 300,000,000 authorized; 149,297,932 and 146,488,685 shares issued at September 30, 2017 and December 31, 2016, respectively 0 0
Additional paid-in capital 7,125 6,783
Retained earnings 1,573 884
Treasury stock, at cost; 597,551 and 429,708 shares at September 30, 2017 and December 31, 2016, respectively (67) (44)
Total stockholders' equity 8,631 7,623
Total liabilities and stockholders' equity $ 13,482 $ 12,119