XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash $ 7,723 $ 6,287
Accounts receivable    
Oil and natural gas revenues 33,440 25,823
Joint interest billings 9,322 4,785
Other 1,517 1,066
Derivative instruments 3,929 19
Deferred Tax Assets, Net 0 1,636
Lease and well equipment inventory 1,278 785
Prepaid expenses 1,846 1,771
Total current assets 59,055 42,172
Oil and natural gas properties, full-cost method    
Evaluated 1,469,633 1,090,656
Unproved and unevaluated 269,049 194,306
Other property and equipment 35,435 29,910
Less accumulated depletion, depreciation and amortization (559,965) (468,995)
Net property and equipment 1,214,152 845,877
Other assets    
Derivative instruments 1,278 173
Other assets 2,918 2,108
Total other assets 4,196 2,281
Total assets 1,277,403 890,330
Current liabilities    
Accounts payable 15,420 25,358
Accrued liabilities 119,361 63,987
Royalties payable 13,973 7,798
Derivative instruments 0 2,692
Deferred income taxes 802 0
Accrued Income Taxes, Current 2,969 404
Other current liabilities 95 88
Total current liabilities 152,620 100,327
Long-term liabilities    
Borrowings under Credit Agreement 250,000 200,000
Asset retirement obligations 10,751 7,309
Derivative Liability, Noncurrent 9 253
Deferred Tax Liabilities, Net, Noncurrent 42,508 10,929
Other long-term liabilities 3,176 2,588
Total long-term liabilities 306,444 221,079
Commitments and contingencies      
Shareholders' equity    
Common stock - $0.01 par value, 80,000,000 shares authorized; 74,683,934 and 66,958,867 shares issued; and 73,348,734 and 65,652,690 shares outstanding, respectively 747 670
Additional paid-in capital 734,065 548,935
Retained deficit 94,292 30,084
Treasury stock, at cost, 1,335,200 and 1,306,177 shares, respectively (10,765) (10,765)
Total shareholders' equity 818,339 568,924
Total liabilities and shareholders' equity $ 1,277,403 $ 890,330