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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 13,776 $ 9,730
Accounts receivable — oil and gas revenues 103,128 96,495
Accounts receivable — joint interest and other 77,903 100,914
Inventory 8,513 11,072
Prepaid expenses 6,093 7,328
Derivative instruments 9,142 139,697
Other current assets 4,290 50
Total current assets 222,845 365,286
Property, plant and equipment    
Oil and gas properties (successful efforts method) 6,438,782 6,284,401
Other property and equipment 580,171 443,265
Less: accumulated depreciation, depletion, amortization and impairment (1,866,280) (1,509,424)
Total property, plant and equipment, net 5,152,673 5,218,242
Assets held for sale 0 26,728
Derivative instruments 194 15,776
Other assets 22,549 23,343
Total assets 5,398,261 5,649,375
Current liabilities    
Accounts payable 7,929 9,983
Revenues and production taxes payable 141,991 132,356
Accrued liabilities 98,926 167,669
Accrued interest payable 19,798 49,413
Derivative instruments 17,308 0
Advances from joint interest partners 5,191 4,647
Other current liabilities   6,500
Total current liabilities 291,143 370,568
Long-term debt 2,125,573 2,302,584
Deferred income taxes 546,202 608,155
Asset retirement obligations 37,092 35,338
Liabilities held for sale 0 10,228
Derivative instruments 7,755 0
Other liabilities 2,992 3,160
Total liabilities 3,010,757 3,330,033
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value: 450,000,000 and 300,000,000 shares authorized at September 30, 2016 and December 31, 2015, respectively; 182,038,164 shares issued and 181,186,070 shares outstanding at September 30, 2016 and 139,583,990 shares issued and 139,076,064 shares outstanding at December 31, 2015 1,779 1,376
Treasury stock, at cost: 852,094 and 507,926 shares at September 30, 2016 and December 31, 2015, respectively (15,895) (13,620)
Additional paid-in capital 1,755,427 1,497,065
Retained earnings 646,193 834,521
Total stockholders’ equity 2,387,504 2,319,342
Total liabilities and stockholders’ equity $ 5,398,261 $ 5,649,375