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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 14,582 $ 66,192
Accounts receivable 25,981 35,654
Derivative instruments 395 5,192
Other current assets 8,894 6,756
Total current assets 49,852 113,794
Oil and natural gas properties, full cost method of accounting:    
Proved, net of accumulated depletion of $8,575,255 and $8,460,589 737,260 753,079
Unproved 49,146 53,645
Net oil and natural gas properties 786,406 806,724
Other property and equipment, net of accumulated depreciation and amortization of $45,265 and $50,058 9,376 11,845
Net property and equipment 795,782 818,569
Deferred income taxes 444 2,230
Goodwill 134,434 134,434
Derivative instruments 363 400
Other assets 15,950 48,525
TOTAL ASSETS 996,825 1,117,952
Current liabilities:    
Accounts payable and accrued liabilities 129,744 141,107
Accrued interest 6,653 6,654
Derivative instruments 13,503 4,542
Deferred income taxes 444 2,230
Other current liabilities 4,864 12,201
Total current liabilities 155,208 166,734
Long-term debt 800,163 800,179
Asset retirement obligations 21,821 22,629
Derivative instruments 1,940 0
Other liabilities 63,332 73,941
Total liabilities 1,042,464 1,063,483
Shareholders’ equity:    
Preferred stock, none issued and outstanding 0 0
Common stock, 119,347,173 and 119,399,983 shares issued and outstanding 11,935 11,940
Capital surplus 2,558,271 2,554,997
Accumulated deficit (2,605,794) (2,502,070)
Accumulated other comprehensive loss (10,051) (10,398)
Total shareholders’ equity (45,639) 54,469
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 996,825 $ 1,117,952