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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 17,057 $ 439
Accounts receivable, net 183,816 158,787
Inventories, net 28,652 13,177
Derivative instruments 4,226 0
Income tax receivable 6,762 6,905
Prepayments and other 5,999 12,085
Total current assets 246,512 191,393
Oil and natural gas properties, successful efforts method    
Proved properties 9,387,502 8,466,708
Unproved properties 551,217 453,028
Less accumulated depreciation, depletion and amortization (4,587,082) (4,200,797)
Oil and natural gas properties, net 5,351,637 4,718,939
Other property and equipment, net 43,471 44,581
Total property, plant and equipment, net 5,395,108 4,763,520
Other postretirement assets 2,590 2,646
Noncurrent income tax receivable, net 70,716 70,716
Other assets 9,112 5,620
TOTAL ASSETS 5,724,038 5,033,895
Current Liabilities    
Accounts payable 129,602 75,167
Accrued taxes 23,509 2,631
Accrued wages and benefits 15,416 26,170
Accrued capital costs 150,600 74,909
Revenue and royalty payable 65,023 54,072
Derivative instruments 172,772 71,379
Other 12,635 17,916
Total current liabilities 569,557 322,244
Long-term debt 953,173 782,861
Asset retirement obligations 94,722 88,378
Noncurrent derivative instruments 57,457 8,886
Deferred income taxes 435,848 387,807
Other long-term liabilities 5,398 5,262
Total liabilities 2,116,155 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; 100,799,082 shares and 100,327,433 shares issued at September 30, 2018 and December 31, 2017, respectively 1,008 1,003
Premium on capital stock 1,405,227 1,388,082
Retained earnings 2,345,491 2,185,161
Accumulated other comprehensive income, net of tax    
Postretirement plans 482 380
Deferred compensation plan 3,311 2,681
Treasury stock, at cost; 3,350,023 shares and 3,192,252 shares at September 30, 2018 and December 31, 2017, respectively (147,636) (138,850)
Total shareholders’ equity 3,607,883 3,438,457
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 5,724,038 $ 5,033,895