XML 42 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 2,121 $ 1,056
Accounts receivable 63,734 67,516
Derivative instruments 16,461 40,190
Other current assets 8,905 16,318
Total current assets 91,221 125,080
Oil and natural gas properties, full cost method of accounting:    
Proved, net of accumulated depletion of $8,369,028 and $8,237,186 1,312,337 1,459,312
Unproved 187,870 277,798
Net oil and natural gas properties 1,500,207 1,737,110
Other property and equipment, net of accumulated depreciation and amortization of $50,412 and $46,908 13,425 17,128
Net property and equipment 1,513,632 1,754,238
Deferred income taxes 6,221 14,681
Goodwill 239,420 239,420
Derivative instruments 3,039 8,335
Other assets 55,784 60,108
TOTAL ASSETS 1,909,317 2,201,862
Current liabilities:    
Accounts payable and accrued liabilities 189,362 164,786
Accrued interest 23,567 23,407
Derivative instruments 5,467 9,347
Deferred income taxes 6,221 14,681
Current portion of long-term debt 0 12
Other current liabilities 14,904 14,092
Total current liabilities 239,521 226,325
Long-term debt 1,615,322 1,862,088
Asset retirement obligations 25,323 56,155
Derivative instruments 4,134 7,204
Other liabilities 88,107 92,914
Total liabilities 1,972,407 2,244,686
Shareholders’ equity:    
Preferred stock, none issued and outstanding 0 0
Common stock, 119,757,396 and 118,245,320 shares issued and outstanding 11,976 11,825
Capital surplus 2,552,707 2,541,859
Accumulated deficit (2,608,289) (2,575,994)
Accumulated other comprehensive loss (19,484) (20,514)
Total shareholders’ equity (deficit) (63,090) (42,824)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,909,317 $ 2,201,862