XML 24 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 1,747 $ 1,606
Accrued production receivable 118,483 124,936
Trade and other receivables, net 55,653 43,900
Derivative assets 1,062 0
Other current assets 11,324 10,684
Total current assets 188,269 181,126
Oil and natural gas properties (using full cost accounting)    
Proved properties 10,475,877 10,419,827
Unevaluated properties 951,220 927,819
CO2 properties 1,187,711 1,188,467
Pipelines and plants 2,285,435 2,285,812
Other property and equipment 373,537 378,776
Less accumulated depletion, depreciation, amortization and impairment (11,255,392) (11,212,327)
Net property and equipment 4,018,388 3,988,374
Other assets 102,002 105,078
Total assets 4,308,659 4,274,578
Current liabilities    
Accounts payable and accrued liabilities 180,529 200,266
Oil and gas production payable 73,250 80,585
Derivative liabilities 18,799 69,279
Current maturities of long-term debt (including future interest payable of $50,349 and $50,349, respectively - see Note 2) [1] 83,701 83,366
Total current liabilities 356,279 433,496
Long-term liabilities    
Long-term debt, net of current portion (including future interest payable on $178,476 and $178,476, respectively - see Note 2) 2,956,385 2,909,732
Asset retirement obligations 151,390 146,807
Deferred tax liabilities, net 328,786 293,878
Other liabilities 22,060 22,217
Total long-term liabilities 3,458,621 3,372,634
Commitments and contingencies (Note 6)
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; 402,706,108 and 402,334,655 shares issued, respectively 403 402
Paid-in capital in excess of par 2,540,057 2,534,670
Accumulated deficit (1,997,455) (2,018,989)
Treasury stock, at cost, 4,403,152 and 3,906,877 shares, respectively (49,246) (47,635)
Total stockholders' equity 493,759 468,448
Total liabilities and stockholders' equity $ 4,308,659 $ 4,274,578
[1] Future interest payable on our 9% Senior Secured Second Lien Notes due 2021 (the “2021 Senior Secured Notes”) 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 March 31, 2017 include $50.3 million of future interest payable related to the 2021 Senior Secured Notes that is due within the next twelve months.