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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 5,749 $ 38,560
Accrued production receivable 147,379 125,788
Trade and other receivables, net 28,624 26,970
Derivative assets 14,012 93,080
Other current assets 10,282 11,896
Total current assets 206,046 296,294
Oil and natural gas properties (using full cost accounting)    
Proved properties 11,140,781 11,072,209
Unevaluated properties 1,003,669 996,700
CO2 properties 1,196,868 1,196,795
Pipelines and plants 2,304,745 2,302,817
Other property and equipment 233,277 250,279
Less accumulated depletion, depreciation, amortization and impairment (11,537,622) (11,500,190)
Net property and equipment 4,341,718 4,318,610
Operating lease right-of-use assets 37,913 0
Derivative assets 2,022 4,195
Other assets 103,463 104,123
Total assets 4,691,162 4,723,222
Current liabilities    
Accounts payable and accrued liabilities 147,324 198,380
Oil and gas production payable 65,893 61,288
Derivative liabilities 10,037 0
Current maturities of long-term debt (including future interest payable of $102,667 and $85,303, respectively - see Note 4) [1] 120,258 105,125
Operating lease liabilities 7,070 0
Total current liabilities 350,582 364,793
Long-term liabilities    
Long-term debt, net of current portion (including future interest payable of $147,550 and $164,914, respectively - see Note 4) 2,643,307 2,664,211
Asset retirement obligations 178,428 174,470
Derivative liabilities 306 0
Deferred tax liabilities, net 300,280 309,758
Operating lease liabilities 47,056 0
Other liabilities 51,883 68,213
Total long-term liabilities 3,221,260 3,216,652
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; 463,728,262 and 462,355,725 shares issued, respectively 464 462
Paid-in capital in excess of par 2,689,517 2,685,211
Accumulated deficit (1,558,786) (1,533,112)
Treasury stock, at cost, 2,473,243 and 1,941,749 shares, respectively (11,875) (10,784)
Total stockholders' equity 1,119,320 1,141,777
Total liabilities and stockholders' equity $ 4,691,162 $ 4,723,222
[1] Future interest payable represents most of the interest due over the terms of our 9% Senior Secured Second Lien Notes due 2021 (the “2021 Senior Secured Notes”) and 9¼% Senior Secured Second Lien Notes due 2022 (the “2022 Senior Secured 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, 2019 include $102.7 million of future interest payable related to the 2021 Senior Secured Notes and 2022 Senior Secured Notes that is due within the next twelve months.