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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 1,188 $ 439
Accounts receivable, net 166,467 158,787
Inventories, net 29,255 13,177
Derivative instruments 35,377 0
Income tax receivable 6,904 6,905
Prepayments and other 6,086 12,085
Total current assets 245,277 191,393
Oil and natural gas properties, successful efforts method    
Proved properties 9,031,307 8,466,708
Unproved properties 513,501 453,028
Less accumulated depreciation, depletion and amortization (4,455,488) (4,200,797)
Oil and natural gas properties, net 5,089,320 4,718,939
Other property and equipment, net 43,896 44,581
Total property, plant and equipment, net 5,133,216 4,763,520
Other postretirement assets 2,609 2,646
Noncurrent derivative instruments 258 0
Noncurrent income tax receivable, net 70,716 70,716
Other assets 9,936 5,620
TOTAL ASSETS 5,462,012 5,033,895
Current Liabilities    
Accounts payable 74,568 75,167
Accrued taxes 12,287 2,631
Accrued wages and benefits 11,428 26,170
Accrued capital costs 165,873 74,909
Revenue and royalty payable 68,154 54,072
Derivative instruments 80,996 71,379
Other 18,708 17,916
Total current liabilities 432,014 322,244
Long-term debt 829,068 782,861
Asset retirement obligations 92,588 88,378
Noncurrent derivative instruments 31,035 8,886
Deferred income taxes 442,225 387,807
Other long-term liabilities 6,223 5,262
Total liabilities 1,833,153 1,595,438
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; 100,707,670 shares and 100,327,433 shares issued at June 30, 2018 and December 31, 2017, respectively 1,007 1,003
Premium on capital stock 1,398,320 1,388,082
Retained earnings 2,372,063 2,185,161
Accumulated other comprehensive income, net of tax    
Postretirement plans 543 380
Deferred compensation plan 3,284 2,681
Treasury stock, at cost; 3,332,714 shares and 3,192,252 shares at June 30, 2018 and December 31, 2017, respectively (146,358) (138,850)
Total shareholders’ equity 3,628,859 3,438,457
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 5,462,012 $ 5,033,895