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Consolidated balance sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 19,309 $ 31,154
Accounts receivable, net 88,543 87,699
Derivatives 88,965 198,805
Other current assets 14,445 14,574
Total current assets 211,262 332,232
Oil and natural gas properties, full cost method:    
Evaluated properties 5,309,151 5,103,635
Unevaluated properties not being depleted 114,507 140,299
Less accumulated depletion and impairment (4,448,482) (4,218,942)
Oil and natural gas properties, net 975,176 1,024,992
Midstream service assets, net 128,052 131,725
Other fixed assets, net 40,951 43,538
Property and equipment, net 1,144,179 1,200,255
Derivatives 32,680 77,443
Investment in equity method investee 213,616 192,524
Other assets, net 8,414 10,833
Total assets 1,610,151 1,813,287
Current liabilities:    
Accounts payable 14,500 14,181
Undistributed revenue and royalties 25,452 34,540
Accrued capital expenditures 39,860 61,872
Derivatives 1,480 0
Other current liabilities 72,520 106,222
Total current liabilities 153,812 216,815
Long-term debt, net 1,392,877 1,416,226
Derivatives 3,740 0
Asset retirement obligations 46,716 44,759
Other noncurrent liabilities 3,844 4,040
Total liabilities 1,600,989 1,681,840
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized and zero issued as of June 30, 2016 and December 31, 2015 0 0
Common stock, $0.01 par value, 450,000,000 shares authorized and 227,197,566 and 213,808,003 issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 2,272 2,138
Additional paid-in capital 2,216,036 2,086,652
Accumulated deficit (2,209,146) (1,957,343)
Total stockholders’ equity 9,162 131,447
Total liabilities and stockholders’ equity $ 1,610,151 $ 1,813,287