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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 498 $ 386,093
Accounts receivable, net 104,359 73,322
Inventories, net 18,263 14,222
Derivative instruments 39,063 50
Income tax receivable 301 27,153
Prepayments and other 4,410 5,071
Total current assets 166,894 505,911
Oil and natural gas properties, successful efforts method    
Proved properties 8,024,501 7,543,464
Unproved properties 430,079 196,888
Less accumulated depreciation, depletion and amortization (3,940,837) (3,723,669)
Oil and natural gas properties, net 4,513,743 4,016,683
Other property and equipment, net 45,241 44,869
Total property, plant and equipment, net 4,558,984 4,061,552
Other postretirement assets 3,595 3,619
Noncurrent derivative instruments 9,534 0
Other assets 7,725 8,741
TOTAL ASSETS 4,746,732 4,579,823
Current Liabilities    
Long-term debt due within one year 17,000 24,000
Accounts payable 65,770 65,031
Accrued taxes 12,734 7,252
Accrued wages and benefits 15,709 25,089
Accrued capital costs 95,509 79,988
Revenue and royalty payable 48,332 51,217
Derivative instruments 481 65,467
Other 17,778 20,160
Total current liabilities 273,313 338,204
Long-term debt 659,158 527,443
Asset retirement obligations 84,867 81,544
Deferred income taxes 532,605 495,888
Noncurrent derivative instruments 502 3,006
Other long-term liabilities 8,545 13,136
Total liabilities 1,558,990 1,459,221
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; 100,311,561 shares and 100,138,797 shares issued at June 30, 2017 and December 31, 2016, respectively 1,003 1,001
Premium on capital stock 1,380,310 1,372,569
Retained earnings 1,941,218 1,878,503
Accumulated other comprehensive income, net of tax    
Postretirement plans 1,267 1,405
Deferred compensation plan 2,727 2,261
Treasury stock, at cost; 3,192,058 shares and 3,125,715 shares at June 30, 2017 and December 31, 2016, respectively (138,783) (135,137)
Total shareholders’ equity 3,187,742 3,120,602
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 4,746,732 $ 4,579,823