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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except share data) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2018
Dec. 31, 2017
Current assets:      
Cash and cash equivalents $ 615,906 $ 615,906 $ 313,943
Accounts receivable 178,682 178,682 160,154
Derivative assets 146,329 146,329 64,266
Prepaid expenses and other 14,293 14,293 10,752
Total current assets 955,210 955,210 549,115
Property and equipment (successful efforts method):      
Proved oil and gas properties 6,372,956 6,372,956 6,139,379
Accumulated depletion, depreciation, and amortization (3,041,653) (3,041,653) (3,171,575)
Unproved oil and gas properties 1,917,883 1,917,883 2,047,203
Wells in progress 361,238 361,238 321,347
Oil and gas properties held for sale, net 5,040 5,040 111,700
Other property and equipment, net of accumulated depreciation of $53,483 and $49,985, respectively 102,986 102,986 106,738
Total property and equipment, net 5,718,450 5,718,450 5,554,792
Noncurrent assets:      
Derivative assets 31,151 31,151 40,362
Other noncurrent assets 31,674 31,674 32,507
Total noncurrent assets 62,825 62,825 72,869
Total assets 6,736,485 6,736,485 6,176,776
Current liabilities:      
Accounts payable and accrued expenses 446,318 446,318 386,630
Current portion of Senior Notes, net of unamortized deferred financing costs (note 5) 342,301 342,301 0
Derivative liabilities 259,338 259,338 172,582
Total current liabilities 1,047,957 1,047,957 559,212
Noncurrent liabilities:      
Revolving credit facility 0 0 0
Noncurrent portion of Senior Notes, net of unamortized deferred financing costs 2,429,994 2,429,994 2,769,663
Senior Convertible Notes, net of unamortized discount and deferred financing costs 143,430 143,430 139,107
Asset retirement obligations 87,279 87,279 103,026
Asset retirement obligations associated with oil and gas properties held for sale 0 0 11,369
Deferred income taxes 177,709 177,709 79,989
Derivative liabilities 67,583 67,583 71,402
Other noncurrent liabilities 45,906 45,906 48,400
Total noncurrent liabilities 2,951,901 2,951,901 3,222,956
Commitments and contingencies (note 6)
Stockholders’ equity:      
Common stock, $0.01 par value - authorized: 200,000,000 shares; issued and outstanding: 111,846,998 and 111,687,016 shares, respectively 1,118 1,118 1,117
Additional paid-in capital 1,754,169 1,754,169 1,741,623
Retained earnings 997,641 [1] 997,641 [1] 665,657
Accumulated other comprehensive loss (16,301) [1] (16,301) [1] (13,789)
Total stockholders’ equity 2,736,627 2,736,627 2,394,608
Total liabilities and stockholders’ equity 6,736,485 6,736,485 6,176,776
Exploration 14,056 27,783  
6.50% Senior Notes due 2021 | Senior Notes [Member]      
Current liabilities:      
Current portion of Senior Notes, net of unamortized deferred financing costs (note 5) $ 342,301 $ 342,301  
Noncurrent liabilities:      
Noncurrent portion of Senior Notes, net of unamortized deferred financing costs     $ 341,955
[1] (1) The Company reclassified $3.0 million of tax effects stranded in accumulated other comprehensive loss to retained earnings as of January 1, 2018. Please refer to Note 1 - Summary of Significant Accounting Policies for further detail.