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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 85 $ 58
Accrued production receivable 157,845 146,334
Trade and other receivables, net 43,553 45,193
Derivative assets 1,859 0
Other current assets 11,512 10,670
Total current assets 214,854 202,255
Oil and natural gas properties (using full cost accounting)    
Proved properties 10,824,027 10,775,792
Unevaluated properties 960,039 951,397
CO2 properties 1,191,107 1,191,058
Pipelines and plants 2,286,346 2,286,047
Other property and equipment 334,808 339,218
Less accumulated depletion, depreciation, amortization and impairment (11,424,173) (11,376,646)
Net property and equipment 4,172,154 4,166,866
Other assets 99,774 102,178
Total assets 4,486,782 4,471,299
Current liabilities    
Accounts payable and accrued liabilities 149,676 177,220
Oil and gas production payable 75,915 76,588
Derivative liabilities 114,512 99,061
Current maturities of long-term debt (including future interest payable of $100,083 and $75,347, respectively - see Note 4) [1] 129,667 105,188
Total current liabilities 469,770 458,057
Long-term liabilities    
Long-term debt, net of current portion (including future interest payable of $256,140 and $241,472, respectively - see Note 4) 2,923,378 2,979,086
Asset retirement obligations 167,763 165,756
Derivative liabilities 1,876 0
Deferred tax liabilities, net 213,151 198,099
Other liabilities 20,626 22,136
Total long-term liabilities 3,326,794 3,365,077
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; 402,927,941 and 402,549,346 shares issued, respectively 403 403
Paid-in capital in excess of par 2,511,131 2,507,828
Accumulated deficit (1,816,232) (1,855,810)
Treasury stock, at cost, 787,867 and 457,041 shares, respectively (5,084) (4,256)
Total stockholders' equity 690,218 648,165
Total liabilities and stockholders' equity $ 4,486,782 $ 4,471,299
[1] Future interest payable represents most of the interest due over the terms of our 9% Senior Secured Second Lien Notes due 2021, 9¼% Senior Secured Second Lien Notes due 2022 (the “2022 Senior Secured Notes”), 5% Convertible Senior Notes due 2023 (the “2023 Convertible Senior Notes”), and 2024 Convertible Senior Notes and has been accounted for as debt in accordance with FASC 470-60, Troubled Debt Restructuring by Debtors. Our current maturities of long-term debt as of March 31, 2018 include $100.1 million of future interest payable related to these notes that is due within the next twelve months. See January 2018 Note Exchanges below for further discussion.