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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 $ 25,095 $ 23,474
Accounts receivable, net of allowance for doubtful accounts 238,325 194,403
Derivative assets 0 3,830
Deferred Tax Assets, Net of Valuation Allowance, Current 6,065 6,065
Assets Held-for-sale, Long Lived 71,957 0
Other current assets 5,631 5,924
Total current assets 347,073 233,696
Property and equipment, net (successful efforts method) 2,207,754 2,237,304
Derivative assets 0 1,552
Other assets 32,853 34,535
Total assets 2,587,680 2,507,087
Current liabilities    
Accounts payable and accrued liabilities 240,254 248,004
Derivative liabilities 44,298 10,141
Total current liabilities 284,552 258,145
Other liabilities 44,901 33,386
Derivative liabilities 8,508 0
Deferred income taxes 103,327 145,752
Long-term debt 1,130,000 1,281,000
Commitments and contingencies (Note 11)      
Shareholders’ equity:    
Preferred stock of $100 par value – 100,000 shares authorized; Series A - 8,880 and 11,500 shares issued as of June 30, 2014 and December 31, 2013 and Series B - 32,500 shares issued as of June 30, 2014, each with a redemption value of $10,000 per share 4,138 1,150
Common stock of $0.01 par value – 128,000,000 shares authorized; 69,922,551 and 65,306,748 shares issued as of June 30, 2014 and December 31, 2013, respectively 512 466
Paid-in capital 1,204,224 891,351
Accumulated deficit (192,547) (104,180)
Deferred compensation obligation 3,001 2,792
Accumulated other comprehensive income 316 267
Treasury stock – 245,256 and 233,063 shares of common stock, at cost, as of June 30, 2014 and December 31, 2013, respectively (3,252) (3,042)
Total shareholders’ equity 1,016,392 788,804
Total liabilities and shareholders’ equity $ 2,587,680 $ 2,507,087