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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Current assets:        
Cash and cash equivalents $ 10,759 $ 74,488 $ 331,224 $ 279,526
Restricted cash 0 177,647    
Accounts receivable 48,031 120,359    
Fair value of derivative contracts 38,576 139,179    
Current income tax receivable 46,174 7,212    
Inventory 535 3,709    
Other current assets 6,346 8,118    
Total current assets 150,421 530,712    
Oil and gas properties, full cost method of accounting:        
Proved 9,375,898 8,817,268    
Less: accumulated depreciation, depletion and amortization (8,603,955) (6,970,631)    
Net proved oil and gas properties 771,943 1,846,637    
Unevaluated 440,043 567,365    
Other property and equipment, net of accumulated depreciation of $27,424 and $24,091, respectively 29,289 32,340    
Fair value of derivative contracts 0 14,333    
Other assets, net of accumulated depreciation and amortization of $4,376 and $3,560, respectively 18,473 18,470    
Total assets 1,410,169 3,009,857    
Current liabilities:        
Accounts payable to vendors 82,207 132,629    
Undistributed oil and gas proceeds 5,992 23,232    
Accrued interest 9,022 9,022    
Deferred taxes 0 20,119    
Asset retirement obligations 21,291 69,400    
Other current liabilities 40,712 49,505    
Total current liabilities 159,224 303,907    
Long-term debt 1,060,955 1,032,281    
Deferred taxes 0 286,343    
Asset retirement obligations 204,575 247,009    
Other long-term liabilities 25,204 38,714    
Total liabilities $ 1,449,958 $ 1,908,254    
Commitments and contingencies    
Stockholders’ equity:        
Common stock, $.01 par value; authorized 150,000,000 shares; issued 55,302,325 and 54,884,542 shares, respectively $ 553 $ 549    
Treasury stock (16,582 shares, at cost) (860) (860)    
Additional paid-in capital 1,648,189 1,633,307    
Accumulated deficit (1,705,623) (614,708)    
Accumulated other comprehensive income 17,952 83,315 $ (2,062) $ 28,833
Total stockholders’ equity (39,789) 1,101,603    
Total liabilities and stockholders’ equity $ 1,410,169 $ 3,009,857