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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 447,925 $ 1,272
Accounts receivable, net 72,587 63,097
Inventories 14,159 11,255
Assets held for sale 0 93,739
Derivative instruments 3,653 56,963
Prepayments and other 6,240 20,014
Total current assets 544,564 246,340
Oil and natural gas properties, successful efforts method    
Proved properties 7,394,628 7,611,118
Unproved properties 193,074 145,724
Less accumulated depreciation, depletion and amortization 3,622,344 3,454,510
Oil and natural gas properties, net 3,965,358 4,302,332
Other property and equipment, net 45,198 48,358
Total property, plant and equipment, net 4,010,556 4,350,690
Other postretirement assets 4,350 3,881
Other assets 9,654 10,245
TOTAL ASSETS 4,569,124 4,611,156
Current Liabilities    
Long-term debt due within one year 19,000 0
Accounts payable 56,221 64,742
Accrued taxes 35,071 5,801
Accrued wages and benefits 20,000 28,563
Accrued capital costs 56,858 79,206
Revenue and royalty payable 52,241 60,493
Liabilities related to assets held for sale 0 12,789
Pension liabilities 0 15,685
Derivative instruments 24,909 459
Other 14,421 19,783
Total current liabilities 278,721 287,521
Long-term debt 532,343 773,550
Asset retirement obligations 92,937 89,990
Deferred income taxes 475,239 552,369
Noncurrent derivative instruments 6,043 0
Other long-term liabilities 11,714 11,866
Total liabilities 1,396,997 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; 100,134,145 shares and 81,770,161 shares issued at September 30, 2016 and December 31, 2015, respectively 1,001 818
Premium on capital stock 1,369,045 979,030
Retained earnings 1,932,973 2,046,016
Accumulated other comprehensive income (loss), net of tax    
Pension and postretirement plans 1,925 263
Deferred compensation plan 2,221 1,965
Treasury stock, at cost; 3,123,971 shares and 3,026,350 shares at September 30, 2016 and December 31, 2015, respectively (135,038) (132,232)
Total shareholders’ equity 3,172,127 2,895,860
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 4,569,124 $ 4,611,156