XML 62 R51.htm IDEA: XBRL DOCUMENT v3.4.0.3
Guarantor Financial Statements - Condensed Consolidating Balance Sheet (Detail) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Dec. 31, 2014
Current assets:        
Cash and cash equivalents $ 367,134 $ 10,759 $ 162,128 $ 74,488
Accounts receivable 42,185 48,031    
Fair value of derivative contracts 30,222 38,576    
Current income tax receivable 46,174 46,174    
Inventory 535 535    
Other current assets 6,531 6,346    
Total current assets 492,781 150,421    
Oil and gas properties, full cost method:        
Proved 9,481,859 9,375,898    
Less: accumulated DD&A (8,796,412) (8,603,955)    
Net proved oil and gas properties 685,447 771,943    
Unevaluated 421,429 440,043    
Other property and equipment, net 28,667 29,289    
Other assets, net 18,257 18,473    
Investment in subsidiary 0      
Total assets 1,646,581 1,410,169    
Current liabilities:        
Accounts payable to vendors 38,200 82,207    
Undistributed oil and gas proceeds 3,875 5,992    
Accrued interest 22,901 9,022    
Asset retirement obligations 23,465 21,291    
Current portion of long-term debt 459,201 0    
Other current liabilities 32,671 40,712    
Total current liabilities 580,313 159,224    
Long-term debt 1,063,090 1,060,955    
Asset retirement obligations 209,848 204,575    
Other long-term liabilities 18,329 25,204    
Total liabilities $ 1,871,580 $ 1,449,958    
Commitments and contingencies    
Stockholders’ equity:        
Common stock $ 558 $ 553    
Treasury stock (860) (860)    
Additional paid-in capital 1,650,969 1,648,189    
Accumulated deficit (1,894,407) (1,705,623)    
Accumulated other comprehensive income (loss) 18,741 17,952 70,800 83,300
Total stockholders’ equity (224,999) (39,789)    
Total liabilities and stockholders’ equity 1,646,581 1,410,169    
Parent        
Current assets:        
Cash and cash equivalents 367,133 9,681 131,936 72,886
Accounts receivable 57,106 10,597    
Fair value of derivative contracts 0      
Current income tax receivable 46,174 46,174    
Inventory 535 535    
Other current assets 6,531 6,313    
Total current assets 477,479 73,300    
Oil and gas properties, full cost method:        
Proved 1,891,423 1,875,152    
Less: accumulated DD&A (1,891,423) (1,874,622)    
Net proved oil and gas properties 0 530    
Unevaluated 261,724 253,308    
Other property and equipment, net 28,667 29,289    
Other assets, net 17,460 16,612    
Investment in subsidiary 614,540 745,033    
Total assets 1,399,870 1,118,072    
Current liabilities:        
Accounts payable to vendors 24,915 16,063    
Undistributed oil and gas proceeds 2,800 5,216    
Accrued interest 22,901 9,022    
Asset retirement obligations 0      
Current portion of long-term debt 459,201      
Other current liabilities 32,335 40,161    
Total current liabilities 542,152 70,462    
Long-term debt 1,063,090 1,060,955    
Asset retirement obligations 1,298 1,240    
Other long-term liabilities 18,329 25,204    
Total liabilities $ 1,624,869 $ 1,157,861    
Commitments and contingencies    
Stockholders’ equity:        
Common stock $ 558 $ 553    
Treasury stock (860) (860)    
Additional paid-in capital 1,650,969 1,648,189    
Accumulated deficit (1,894,407) (1,705,623)    
Accumulated other comprehensive income (loss) 18,741 17,952    
Total stockholders’ equity (224,999) (39,789)    
Total liabilities and stockholders’ equity 1,399,870 1,118,072    
Guarantor Subsidiaries        
Current assets:        
Cash and cash equivalents 1 2 30,015 1,450
Accounts receivable 38,476 39,190    
Fair value of derivative contracts 30,222 38,576    
Current income tax receivable 0      
Inventory 0 0    
Other current assets 0      
Total current assets 68,699 77,768    
Oil and gas properties, full cost method:        
Proved 7,544,791 7,458,262    
Less: accumulated DD&A (6,859,344) (6,686,849)    
Net proved oil and gas properties 685,447 771,413    
Unevaluated 159,705 186,735    
Other property and equipment, net 0      
Other assets, net 797 826    
Investment in subsidiary 0      
Total assets 914,648 1,036,742    
Current liabilities:        
Accounts payable to vendors 67,567 67,901    
Undistributed oil and gas proceeds 1,075 776    
Accrued interest 0      
Asset retirement obligations 23,465 20,400    
Current portion of long-term debt 0      
Other current liabilities 336 551    
Total current liabilities 92,443 89,628    
Long-term debt 0      
Asset retirement obligations 208,550 203,335    
Other long-term liabilities 0      
Total liabilities $ 300,993 $ 292,963    
Commitments and contingencies    
Stockholders’ equity:        
Common stock $ 0      
Treasury stock 0      
Additional paid-in capital 1,344,577 $ 1,344,577    
Accumulated deficit (749,663) (624,824)    
Accumulated other comprehensive income (loss) 18,741 24,026    
Total stockholders’ equity 613,655 743,779    
Total liabilities and stockholders’ equity 914,648 1,036,742    
Non- Guarantor Subsidiaries        
Current assets:        
Cash and cash equivalents 0 1,076 177 152
Accounts receivable 885 0    
Fair value of derivative contracts 0      
Current income tax receivable 0      
Inventory 0      
Other current assets 0 33    
Total current assets 885 1,109    
Oil and gas properties, full cost method:        
Proved 45,645 42,484    
Less: accumulated DD&A (45,645) (42,484)    
Net proved oil and gas properties 0      
Unevaluated 0 0    
Other property and equipment, net 0      
Other assets, net 0 1,035    
Investment in subsidiary 0 1,088    
Total assets 885 3,232    
Current liabilities:        
Accounts payable to vendors 0      
Undistributed oil and gas proceeds 0      
Accrued interest 0      
Asset retirement obligations 0 891    
Current portion of long-term debt 0      
Other current liabilities 0      
Total current liabilities 0 891    
Long-term debt 0      
Asset retirement obligations 0      
Other long-term liabilities 0      
Total liabilities $ 0 $ 891    
Commitments and contingencies    
Stockholders’ equity:        
Common stock $ 0      
Treasury stock 0      
Additional paid-in capital 109,077 $ 109,795    
Accumulated deficit (108,192) (95,306)    
Accumulated other comprehensive income (loss) 0 (12,148)    
Total stockholders’ equity 885 2,341    
Total liabilities and stockholders’ equity 885 3,232    
Eliminations        
Current assets:        
Cash and cash equivalents 0 0 $ 0 $ 0
Accounts receivable (54,282) (1,756)    
Fair value of derivative contracts 0      
Current income tax receivable 0      
Inventory 0      
Other current assets 0      
Total current assets (54,282) (1,756)    
Oil and gas properties, full cost method:        
Proved 0      
Less: accumulated DD&A 0      
Net proved oil and gas properties 0      
Unevaluated 0      
Other property and equipment, net 0      
Other assets, net 0      
Investment in subsidiary (614,540) (746,121)    
Total assets (668,822) (747,877)    
Current liabilities:        
Accounts payable to vendors (54,282) (1,757)    
Undistributed oil and gas proceeds 0      
Accrued interest 0      
Asset retirement obligations 0      
Current portion of long-term debt 0      
Other current liabilities 0      
Total current liabilities (54,282) (1,757)    
Long-term debt 0      
Asset retirement obligations 0      
Other long-term liabilities 0      
Total liabilities $ (54,282) $ (1,757)    
Commitments and contingencies    
Stockholders’ equity:        
Common stock $ 0      
Treasury stock 0      
Additional paid-in capital (1,453,654) $ (1,454,372)    
Accumulated deficit 857,855 720,130    
Accumulated other comprehensive income (loss) (18,741) (11,878)    
Total stockholders’ equity (614,540) (746,120)    
Total liabilities and stockholders’ equity $ (668,822) $ (747,877)