XML 36 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Current assets:            
Cash and cash equivalents $ 141,655   $ 74,488 $ 333,886   $ 331,224
Restricted cash     177,647      
Accounts receivable 68,706   120,359      
Fair value of derivative contracts 74,319   139,179      
Current income tax receivable 6   7,212      
Inventory 3,709   3,709      
Other current assets 10,076   8,118      
Total current assets 298,471   530,712      
Oil and gas properties, full cost method of accounting:            
Proved 9,074,425   8,817,268      
Less: accumulated depreciation, depletion and amortization (7,846,343)   (6,970,631)      
Net proved oil and gas properties 1,228,082   1,846,637      
Unevaluated 529,589   567,365      
Other property and equipment, net 30,736   32,340      
Fair value of derivative contracts 8,231   14,333      
Other assets, net 28,082   27,224      
Total assets 2,123,191   3,018,611      
Current liabilities:            
Accounts payable to vendors 69,423   132,629      
Undistributed oil and gas proceeds 17,000   23,232      
Accrued interest 9,027   9,022      
Deferred taxes [1] 7,065   20,119      
Asset retirement obligations 56,176   69,400      
Other current liabilities 46,780   49,505      
Total current liabilities 205,471   303,907      
Long-term debt 1,048,406   1,041,035      
Deferred taxes [1] 11,752   286,343      
Asset retirement obligations 240,613   247,009      
Other long-term liabilities 32,213   38,714      
Total liabilities $ 1,538,455   $ 1,917,008      
Commitments and contingencies            
Stockholders' equity:            
Common stock, $.01 par value; authorized 150,000,000 shares; issued 55,283,825 and 54,884,542 shares, respectively $ 553   $ 549      
Treasury stock (16,582 shares, at cost) (860)   (860)      
Additional paid-in capital 1,639,389   1,633,307      
Accumulated deficit (1,095,002)   (614,708)      
Accumulated other comprehensive income 40,656 $ 70,800 83,315 $ (18,200) $ (9,200) $ (2,100)
Total stockholders' equity 584,736   1,101,603      
Total liabilities and stockholders' equity $ 2,123,191   $ 3,018,611      
[1] Deferred income taxes have been allocated to our Guarantor Subsidiaries where related oil and gas properties reside.