v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 600,000 $ 432,000
Accounts receivable:    
Joint interest owners 142,000 132,000
Oil, NGL and gas sales 11,747,000 19,635,000
Unrealized gain on commodity derivatives 6,737,000 39,951,000
Prepaid expenses and other current assets 1,212,000 929,000
Total current assets 20,438,000 61,079,000
PROPERTIES AND EQUIPMENT:    
Oil and gas properties, at cost, using the successful efforts method of accounting 1,853,781,000 1,708,278,000
Furniture, fixtures and equipment 5,628,000 5,561,000
Total oil and gas properties and equipment 1,859,409,000 1,713,839,000
Less accumulated depletion, depreciation and amortization (704,863,000) (382,180,000)
Net oil and gas properties and equipment 1,154,546,000 1,331,659,000
Total assets 1,174,984,000 1,392,738,000
CURRENT LIABILITIES:    
Accounts payable 10,799,000 33,336,000
Oil, NGL and gas sales payable 4,245,000 8,536,000
Deferred income taxes - current 0 14,242,000
Accrued liabilities 13,464,000 50,738,000
Total current liabilities 28,508,000 106,852,000
NON-CURRENT LIABILITIES:    
Senior secured credit facility, net 270,748,000 147,072,000
Senior notes, net 225,839,000 244,239,000
Deferred income taxes 31,779,000 110,677,000
Asset retirement obligations 10,143,000 9,571,000
Total liabilities $ 567,017,000 $ 618,411,000
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDERS' EQUITY :    
Preferred stock, $0.01 par value, 10,000,000 shares authorized none outstanding
Common stock, $0.01 par value, 90,000,000 shares authorized, 40,788,705 and 39,814,199 issued and outstanding, respectively $ 408,000 $ 399,000
Additional paid-in capital 580,623,000 572,888,000
Retained earnings 26,936,000 201,040,000
Total stockholders' equity 607,967,000 774,327,000
Total liabilities and stockholders' equity $ 1,174,984,000 $ 1,392,738,000