XML 20 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 701 $ 893
Accounts receivable (less allowance for doubtful accounts of $2,450 and $3,773 at December 31, 2017 and 2016, respectively) 111,512 83,954
Materials and supplies 505 3,340
Current derivative asset (Note 12) 721 0
Current deferred tax asset (Note 8) 0 25,211
Prepaid expenses and other 6,233 7,798
Total current assets 119,672 121,196
Oil and natural gas properties, on the full cost method:    
Proved properties 5,712,813 5,446,305
Unproved properties not being amortized 296,764 314,867
Drilling equipment 1,593,611 1,565,268
Gas gathering and processing equipment 726,236 705,859
Saltwater disposal systems 62,618 60,638
Corporate land and building 59,080 59,066
Transportation equipment 29,631 32,842
Other 53,439 48,590
Property, plant and equipment, gross, total 8,534,192 8,233,435
Less accumulated depreciation, depletion, amortization, and impairment 6,151,450 5,952,330
Net property and equipment 2,382,742 2,281,105
Goodwill (Note 2) 62,808 62,808
Non-current derivative asset (Note 12) 0 377
Other assets 16,230 13,817
Total assets 2,581,452 2,479,303
Current liabilities:    
Accounts payable 112,648 88,793
Accrued liabilities (Note 5) 48,523 39,651
Current derivative liabilities (Note 12) 7,763 21,564
Current portion of other long-term liabilities (Note 6) 13,002 14,907
Total current liabilities 181,936 164,915
Long-term debt less unamortized discount and debt issuance costs (Note 6) 820,276 800,917
Non-current derivative liabilities (Note 12) 0 415
Other long-term liabilities (Note 6) 100,203 103,064
Deferred income taxes (Note 8) 133,477 215,922
Commitments and contingencies (Note 14) 0 0
Shareholders' equity:    
Preferred stock, $1.00 par value, 5,000,000 shares authorized, none issued 0 0
Common stock, $0.20 par value, 175,000,000 shares authorized, 52,880,134 and 51,494,318 shares issued as of December 31, 2017 and 2016, respectively 10,280 10,016
Capital in excess of par value 535,815 502,500
Accumulated other comprehensive income (net of tax of $39 at December 31, 2017) (Note 15) 63 0
Retained earnings 799,402 681,554
Total shareholders' equity 1,345,560 1,194,070
Total liabilities and shareholders' equity $ 2,581,452 $ 2,479,303