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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 964,928 $ 480,047
Accounts receivable, net 170,000 216,004
Income taxes receivable 81,420 56,666
Inventories 12,448 8,006
Derivative instruments 5,551 0
Current assets held for sale 0 1,440
Other current assets 1,771 2,794
Total current assets 1,236,118 764,957
Properties and equipment, net (Successful efforts method) 3,146,252 3,072,204
Equity method investments 120,501 86,077
Assets held for sale 6,807 778,855
Derivative instruments 5,762 2,239
Other assets 22,961 23,012
TOTAL ASSETS 4,538,401 4,727,344
Current liabilities    
Accounts payable 174,662 238,045
Current portion of long-term debt 304,000 304,000
Accrued liabilities 11,570 27,441
Interest payable 12,257 27,575
Derivative instruments 8,002 30,637
Current liabilities held for sale 0 2,352
Total current liabilities 510,491 630,050
Long-term debt, net 1,218,231 1,217,891
Deferred income taxes 291,280 227,030
Asset retirement obligations 45,507 43,601
Liabilities held for sale 1,867 15,748
Postretirement benefits 29,722 29,396
Other liabilities 34,787 39,723
Total liabilities 2,131,885 2,203,439
Commitments and contingencies
Stockholders' equity    
Common stock: Authorized - 960,000,000 shares of $0.10 par value in 2017 and 2016 Issued - 475,443,335 shares and 475,042,692 shares in 2017 and 2016, respectively 47,608 47,555
Additional paid-in capital 1,742,668 1,742,419
Retained earnings 1,251,568 1,162,430
Accumulated other comprehensive income (loss) 2,383 2,077
Less treasury stock, at cost: 12,935,926 and 9,892,680 shares in 2017 and 2016, respectively (637,711) (430,576)
Total stockholders' equity 2,406,516 2,523,905
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 4,538,401 4,727,344
Income taxes payable $ 109 $ 0