XML 79 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 19,090 $ 17,650
Accounts receivable, net of allowance for doubtful accounts 132,517 62,978
Derivative assets 9,142 11,292
Other current assets 9,080 4,595
Total current assets 169,829 96,515
Property and equipment, net (successful efforts method) 2,234,256 1,723,359
Derivative assets 4,910 5,181
Other assets 36,008 17,934
Total assets 2,445,003 1,842,989
Current liabilities    
Accounts payable and accrued liabilities 183,844 111,655
Derivative liabilities 3,963 0
Deferred income taxes 573 370
Total current liabilities 188,380 112,025
Other liabilities 30,712 28,901
Derivative liabilities 0 1,421
Deferred income taxes 188,524 210,767
Long-term debt 1,142,000 594,759
Shareholders’ equity:    
Preferred stock of $100 par value – 100,000 shares authorized; 11,500 shares issued as of June 30, 2013 and December 31, 2012 with a redemption value of $10,000 per share 1,150 1,150
Common stock of $0.01 par value – 128,000,000 shares authorized; 65,278,706 and 55,117,346 shares issued as of June 30, 2013 and December 31, 2012, respectively 465 364
Paid-in capital 894,447 849,046
Retained earnings 519 45,790
Deferred compensation obligation 2,663 3,111
Accumulated other comprehensive loss (944) (982)
Treasury stock – 216,558 and 218,320 shares of common stock, at cost, as of June 30, 2013 and December 31, 2012, respectively (2,913) (3,363)
Total shareholders’ equity 895,387 895,116
Total liabilities and shareholders’ equity $ 2,445,003 $ 1,842,989