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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,225 $ 1,056
Accounts receivable 81,879 67,516
Derivative instruments 10,094 40,190
Other current assets 16,864 16,318
Total current assets 110,062 125,080
Oil and natural gas properties, full cost method of accounting:    
Proved, net of accumulated depletion of $8,284,724 and $8,237,186 1,229,752 1,459,312
Unproved 233,364 277,798
Net oil and natural gas properties 1,463,116 1,737,110
Other property and equipment, net of accumulated depreciation and amortization of $47,778 and $46,908 15,383 17,128
Net property and equipment 1,478,499 1,754,238
Deferred income taxes 4,150 14,681
Goodwill 239,420 239,420
Derivative instruments 3,780 8,335
Other assets 59,073 60,108
TOTAL ASSETS 1,894,984 2,201,862
Current liabilities:    
Accounts payable and accrued liabilities 181,179 164,786
Accrued interest 23,803 23,407
Derivative instruments 15,772 9,347
Deferred income taxes 4,150 14,681
Current portion of long-term debt 12 [1] 12 [1]
Other current liabilities 12,927 14,092
Total current liabilities 237,843 226,325
Long-term debt 1,640,351 1,862,088
Asset retirement obligations 23,699 56,155
Derivative instruments 4,440 7,204
Other liabilities 93,402 92,914
Total liabilities 1,999,735 2,244,686
Shareholders’ equity:    
Preferred stock, none issued and outstanding 0 0
Common stock, 119,330,398 and 118,245,320 shares issued and outstanding 11,933 11,825
Capital surplus 2,547,430 2,541,859
Accumulated deficit (2,643,942) (2,575,994)
Accumulated other comprehensive loss (20,172) (20,514)
Total shareholders’ equity (deficit) (104,751) (42,824)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,894,984 $ 2,201,862
[1] Due in June 2013.