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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 38,321 $ 17,650
Accounts receivable, net of allowance for doubtful accounts 147,920 62,978
Derivative assets 4,424 11,292
Other current assets 5,177 4,595
Total current assets 195,842 96,515
Property and equipment, net (successful efforts method) 2,170,122 1,723,359
Derivative assets 1,900 5,181
Other assets 38,572 17,934
Total assets 2,406,436 1,842,989
Current liabilities    
Accounts payable and accrued liabilities 223,079 111,655
Derivative liabilities 15,305 0
Deferred income taxes 574 370
Total current liabilities 238,958 112,025
Other liabilities 32,467 28,901
Derivative liabilities 799 1,421
Deferred income taxes 135,429 210,767
Long-term debt 1,203,000 594,759
Commitments and contingencies (Note 11)      
Shareholders’ equity:    
Preferred stock of $100 par value – 100,000 shares authorized; 11,500 shares issued as of September 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; 65,292,520 and 55,117,346 shares issued as of September 30, 2013 and December 31, 2012, respectively 465 364
Paid-in capital 895,450 849,046
Retained earnings (Accumulated deficit) (100,106) 45,790
Deferred compensation obligation 2,727 3,111
Accumulated other comprehensive loss (926) (982)
Treasury stock – 226,237 and 218,320 shares of common stock, at cost, as of September 30, 2013 and December 31, 2012, respectively (2,977) (3,363)
Total shareholders’ equity 795,783 895,116
Total liabilities and shareholders’ equity $ 2,406,436 $ 1,842,989