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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 579,316 $ 514
Accounts receivable, net 100,871 120,229
Income taxes receivable 4,187 4,323
Inventories 15,948 17,049
Derivative instruments 18,994 0
Other current assets 1,371 2,671
Total current assets 720,687 144,786
Properties and equipment, net (Successful efforts method) 4,837,814 4,976,879
Equity method investments 117,178 103,517
Other assets 27,029 27,856
TOTAL ASSETS 5,702,708 5,253,038
Current liabilities    
Accounts payable 147,994 160,407
Current portion of long-term debt 20,000 20,000
Accrued liabilities 17,826 24,923
Interest payable 13,562 30,222
Total current liabilities 199,382 235,552
Postretirement benefits 36,244 35,293
Long-term debt, net 1,583,192 1,996,139
Deferred income taxes 780,295 807,236
Asset retirement obligations 130,795 143,606
Other liabilities 28,740 26,024
Total liabilities $ 2,758,648 $ 3,243,850
Commitments and contingencies
Stockholders' equity    
Common stock: Authorized -- 960,000,000 shares of $0.10 par value in 2016 and 2015, respectively Issued-- 474,892,215 shares and 423,758,593 shares in 2016 and 2015 respectively $ 47,489 $ 42,377
Additional paid-in capital 1,711,233 721,997
Retained earnings 1,492,538 1,552,014
Accumulated other comprehensive income (loss) (365) (365)
Less treasury stock, at cost: 9,892,680 shares in 2016 and 2015, respectively (306,835) (306,835)
Total stockholders' equity 2,944,060 2,009,188
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,702,708 $ 5,253,038