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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 309,889 $ 1,272
Accounts receivable, net 76,119 63,097
Inventories 12,596 11,255
Assets held for sale 176,914 93,739
Derivative instruments 3,235 56,963
Prepayments and other 7,087 20,014
Total current assets 585,840 246,340
Oil and natural gas properties, successful efforts method    
Proved properties 7,288,899 7,611,118
Unproved properties 85,618 145,724
Less accumulated depreciation, depletion and amortization 3,515,599 3,454,510
Oil and natural gas properties, net 3,858,918 4,302,332
Other property and equipment, net 45,755 48,358
Total property, plant and equipment, net 3,904,673 4,350,690
Other postretirement assets 4,358 3,881
Other assets 9,866 10,245
TOTAL ASSETS 4,504,737 4,611,156
Current Liabilities    
Accounts payable 53,108 64,742
Accrued taxes 16,684 5,801
Accrued wages and benefits 13,386 28,563
Accrued capital costs 40,347 79,206
Revenue and royalty payable 57,979 60,493
Liabilities related to assets held for sale 13,279 12,789
Pension liabilities 0 15,685
Derivative instruments 46,452 459
Other 19,344 19,783
Total current liabilities 260,579 287,521
Long-term debt 551,245 773,550
Asset retirement obligations 91,473 89,990
Deferred income taxes 460,424 552,369
Noncurrent derivative instruments 12,875 0
Other long-term liabilities 11,910 11,866
Total liabilities 1,388,506 1,715,296
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock, cumulative, $0.01 par value, 5,000,000 shares authorized 0 0
Common shareholders’ equity    
Common stock, $0.01 par value; 150,000,000 shares authorized; 100,130,219 shares and 81,770,161 shares issued at June 30, 2016 and December 31, 2015, respectively 1,001 818
Premium on capital stock 1,366,280 979,030
Retained earnings 1,879,659 2,046,016
Accumulated other comprehensive income (loss), net of tax    
Pension and postretirement plans 1,995 263
Deferred compensation plan 2,235 1,965
Treasury stock, at cost; 3,122,699 shares and 3,026,350 shares at June 30, 2016 and December 31, 2015, respectively (134,939) (132,232)
Total shareholders’ equity 3,116,231 2,895,860
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 4,504,737 $ 4,611,156