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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 600 $ 439
Accounts receivable, net 150,813 158,787
Inventories, net 19,586 13,177
Derivative instruments 4,984 0
Income tax receivable 6,899 6,905
Prepayments and other 9,773 12,085
Total current assets 192,655 191,393
Oil and natural gas properties, successful efforts method    
Proved properties 8,706,155 8,466,708
Unproved properties 505,416 453,028
Less accumulated depreciation, depletion and amortization (4,323,834) (4,200,797)
Oil and natural gas properties, net 4,887,737 4,718,939
Other property and equipment, net 44,427 44,581
Total property, plant and equipment, net 4,932,164 4,763,520
Other postretirement assets 2,627 2,646
Noncurrent derivative instruments 3,261 0
Noncurrent income tax receivable, net 70,716 70,716
Other assets 4,341 5,620
TOTAL ASSETS 5,205,764 5,033,895
Current Liabilities    
Accounts payable 104,430 75,167
Accrued taxes 6,411 2,631
Accrued wages and benefits 8,936 26,170
Accrued capital costs 111,887 74,909
Revenue and royalty payable 62,517 54,072
Derivative instruments 57,478 71,379
Other 12,239 17,916
Total current liabilities 363,898 322,244
Long-term debt 755,964 782,861
Asset retirement obligations 90,295 88,378
Noncurrent derivative instruments 11,563 8,886
Deferred income taxes 423,228 387,807
Other long-term liabilities 5,969 5,262
Total liabilities 1,650,917 1,595,438
Commitments and Contingencies
Shareholders’ Equity    
Preferred stock, cumulative, $0.01 par value, 5,000,000 shares authorized 0 0
Common shareholders’ equity    
Common stock, $0.01 par value; 150,000,000 shares authorized; 100,653,429 shares and 100,327,433 shares issued at March 31, 2018 and December 31, 2017, respectively 1,007 1,003
Premium on capital stock 1,392,109 1,388,082
Retained earnings 2,303,789 2,185,161
Accumulated other comprehensive income, net of tax    
Postretirement plans 604 380
Deferred compensation plan 3,223 2,681
Treasury stock, at cost; 3,326,036 shares and 3,192,252 shares at March 31, 2018 and December 31, 2017, respectively (145,885) (138,850)
Total shareholders’ equity 3,554,847 3,438,457
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 5,205,764 $ 5,033,895