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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 2,545 $ 2,812
Accrued production receivable 120,473 100,413
Trade and other receivables, net 70,700 87,093
Derivative assets 4,699 142,846
Other current assets 14,402 10,005
Total current assets 212,819 343,169
Oil and natural gas properties (using full cost accounting)    
Proved properties 10,346,027 10,245,195
Unevaluated properties 909,310 894,948
CO2 properties 1,186,596 1,187,458
Pipelines and plants 2,294,295 2,293,219
Other property and equipment 399,880 408,194
Less accumulated depletion, depreciation, amortization and impairment (10,521,061) (9,653,205)
Net property and equipment 4,615,047 5,375,809
Derivative assets 31 0
Other assets 162,076 166,555
Total assets 4,989,973 5,885,533
Current liabilities    
Accounts payable and accrued liabilities 162,334 253,197
Oil and gas production payable 83,713 87,337
Derivative liabilities 107,105 0
Current maturities of long-term debt [1] 83,762 32,481
Total current liabilities 436,914 373,015
Long-term liabilities    
Long-term debt, net of current portion 2,998,268 3,245,114
Asset retirement obligations 143,981 138,919
Derivative liabilities 67 0
Deferred tax liabilities, net 519,207 852,089
Other liabilities 26,232 27,484
Total long-term liabilities 3,687,755 4,263,606
Commitments and contingencies (Note 7)
Stockholders' equity    
Preferred stock, $.001 par value, 25,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $.001 par value, 600,000,000 shares authorized; 395,347,234 and 354,541,626 shares issued, respectively 395 355
Paid-in capital in excess of par 2,520,760 2,353,549
Accumulated deficit (1,608,701) (1,058,954)
Treasury stock, at cost, 3,745,901 and 3,124,311 shares, respectively (47,150) (46,038)
Total stockholders' equity 865,304 1,248,912
Total liabilities and stockholders' equity $ 4,989,973 $ 5,885,533
[1] Future interest payable on our 9% Senior Secured Second Lien Notes due 2021 represents most of the interest due over the term of this obligation, which has been accounted for as debt in accordance with Financial Accounting Standards Board Codification (“FASC”) 470-60, Troubled Debt Restructuring by Debtors. Our current maturities of long-term debt as of June 30, 2016 include $51.0 million of future interest payable related to this balance that is due within the next twelve months. See 2016 Senior Subordinated Notes Exchange below for further discussion.