XML 56 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 66,192 $ 1,056
Accounts receivable 35,654 67,516
Derivative instruments 5,192 40,190
Other current assets 6,756 16,318
Total current assets 113,794 125,080
Oil and natural gas properties, full cost method of accounting:    
Proved, net of accumulated depletion of $8,460,589 and $8,237,186 753,079 1,459,312
Unproved 53,645 277,798
Net oil and natural gas properties 806,724 1,737,110
Other property and equipment, net of accumulated depreciation and amortization of $50,058 and $46,908 11,845 17,128
Net property and equipment 818,569 1,754,238
Deferred income taxes 2,230 14,681
Goodwill 134,434 239,420
Derivative instruments 400 8,335
Other assets 48,525 60,108
TOTAL ASSETS 1,117,952 2,201,862
Current liabilities:    
Accounts payable and accrued liabilities 141,107 164,786
Accrued interest 6,654 23,407
Derivative instruments 4,542 9,347
Deferred income taxes 2,230 14,681
Current portion of long-term debt 0 12
Other current liabilities 12,201 14,092
Total current liabilities 166,734 226,325
Long-term debt 800,179 1,862,088
Asset retirement obligations 22,629 56,155
Derivative instruments 0 7,204
Other liabilities 73,941 92,914
Total liabilities 1,063,483 2,244,686
Commitments and contingencies (Note 10)      
Shareholders’ equity:    
Preferred stock, none issued and outstanding 0 0
Common stock, 119,399,983 and 118,245,320 shares issued and outstanding 11,940 11,825
Capital surplus 2,554,997 2,541,859
Accumulated deficit (2,502,070) (2,575,994)
Accumulated other comprehensive loss (10,398) (20,514)
Total shareholders’ equity (deficit) 54,469 (42,824)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,117,952 $ 2,201,862