SilverBow Resources, Inc
(NYSE:SBOW)

SilverBow Resources, Inc., an oil and gas company, acquires and develops assets in the Eagle Ford shale located in South Texas. As of December 31, 2020, it had proved reserves of 1,106 billion cubic feet of natural gas equivalent. The company was formerly known as Swift Energy Company and changed it...

Website: http://www.sbow.com

Founded: 1979

Full Time Employees: 86

Sector: Energy

Industry: Oil & Gas E&P

Energy

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At a glance:

Bull Thesis:

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Main Competitors:

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Income Statements:

Quarterly

Annual

Unit: USD	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-09-30	2016-04-23	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2010-12-31	2010-03-31	2009-12-31	2009-03-31	2008-12-31	2008-03-31	2007-12-31	2005-12-31

revenues	256,680,000
operating expenses:
general and administrative	8,791,000		4,438,000	5,318,000	7,664,000		4,343,000	5,710,000	4,786,000		5,257,000	4,834,000	4,782,000		5,833,000	6,180,000	5,913,000		6,247,000	6,624,000	6,276,000		5,486,000	5,794,000	5,576,000		6,031,000	6,811,000	9,834,000	11,691,000	14,420,000	8,118,000	11,086,000	8,679,000	10,290,000	12,556,000	6,064,000	10,981,000	12,412,000	10,739,000	10,740,000	11,146,000	11,191,000	12,725,000	10,753,000	11,952,000	12,190,000	11,883,000	12,675,000	11,378,000	10,866,000	27,108,000	9,251,000	25,627,000	8,419,000	28,754,000	9,919,000
depreciation, depletion, and amortization	92,103,000		53,186,000	49,853,000	43,998,000		41,501,000	26,441,000	21,154,000		16,054,000	16,039,000	13,393,000		13,975,000	13,716,000	23,439,000		24,937,000	24,029,000	21,805,000		18,766,000	13,096,000	13,131,000		11,832,000	10,828,000	9,715,000	13,287,000	19,191,000	17,245,000	39,120,000	35,606,000	42,088,000	60,698,000	66,518,000	65,331,000	72,205,000	61,685,000	65,517,000	66,948,000	59,458,000	60,120,000	65,540,000	58,987,000	61,288,000	61,363,000	58,089,000	54,404,000	55,816,000	124,298,000	38,274,000	122,174,000	43,934,000	169,794,000	52,494,000
accretion of asset retirement obligations	316,000		254,000	240,000	224,000		166,000	101,000	99,000		77,000	74,000	75,000		90,000	88,000	86,000		88,000	86,000	83,000		87,000	84,000	159,000		582,000	576,000	564,000
lease operating expenses	31,825,000		22,678,000	19,180,000	20,560,000		17,701,000	10,270,000	9,125,000		6,978,000	5,515,000
workovers	610,000		672,000	811,000	779,000		284,000	2,000	647,000		423,000	76,000	13,000		8,000				93,000	-127,000	646,000
transportation and gas processing	35,199,000		13,710,000	11,771,000	11,520,000		9,662,000	6,769,000	6,352,000		5,913,000	6,206,000	5,056,000		5,094,000	4,554,000	6,643,000		6,782,000	6,728,000	6,406,000		6,138,000	5,421,000	5,025,000		4,921,000	4,761,000	4,385,000	4,883,000	7,983,000	5,055,000	5,886,000	5,446,000	5,086,000	5,323,000	4,728,000	5,107,000	6,013,000	5,292,000	5,658,000	5,783,000	4,865,000	6,030,000
severance and other taxes	16,212,000		10,407,000	8,771,000	9,385,000		12,581,000	9,838,000	7,764,000		4,908,000	3,577,000	3,489,000		2,512,000	2,037,000	2,964,000		3,778,000	3,950,000	3,316,000		2,464,000	2,662,000	3,031,000		2,479,000	2,280,000	1,618,000	2,683,000	4,381,000	2,332,000	2,921,000	4,613,000	4,424,000	5,132,000	8,209,000	10,191,000	9,436,000	9,202,000	10,281,000	11,695,000	10,501,000	9,775,000	13,022,000	10,680,000	12,200,000	12,960,000	13,285,000	13,527,000	12,383,000	34,296,000	11,572,000	32,640,000	8,686,000	58,267,000	22,136,000
total operating expenses	185,056,000		105,345,000	95,944,000	94,130,000		86,238,000	59,131,000	49,927,000		39,610,000	36,321,000	33,082,000		32,723,000	291,917,000	140,463,000		47,432,000	46,325,000	43,063,000		37,148,000	30,817,000	31,883,000		31,676,000	30,032,000
operating income	71,624,000		68,618,000	30,456,000	45,824,000		155,943,000	123,474,000	79,729,000		59,639,000	33,540,000	53,659,000		12,976,000	-267,071,000	-87,086,000		24,582,000	28,378,000	29,001,000		27,886,000	20,530,000	20,869,000		17,343,000	15,750,000
yoy	56.30%		-56.00%	-75.33%	-42.53%		161.48%	268.14%	48.58%		359.61%	-112.56%	-161.62%		-47.21%	-1041.12%	-400.29%		-11.85%	38.23%	38.97%		60.79%	30.35%
qoq			125.30%	-33.54%			26.30%	54.87%			77.81%	-37.49%			-104.86%	206.68%			-13.38%	-2.15%			35.83%	-1.62%			10.11%
operating margin %	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	-Infinity%	-Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
non-operating income
gain on commodity derivatives	-56,078,000		-54,639,000	19,993,000	92,249,000		4,832,000	-22,406,000	-140,242,000		-88,554,000	-46,067,000	-18,259,000		-12,944,000	-8,458,000	88,287,000		13,409,000	24,925,000	-4,022,000		-13,600,000	-10,752,000	-6,355,000
interest expense	-36,017,000		-19,811,000	-18,190,000	-16,745,000		-12,173,000	-7,902,000	-6,557,000		-7,433,000	-7,436,000	-7,019,000		-7,444,000	-8,026,000	-8,407,000		-9,435,000	-9,306,000	-8,759,000		-7,212,000	-6,585,000	-5,890,000		-2,868,000	-4,642,000	3,607,000	5,880,000	7,244,000	8,066,000	19,463,000	19,438,000	18,741,000	18,228,000	17,912,000	18,197,000	18,649,000	18,449,000	18,085,000	17,495,000	17,000,000	16,802,000	16,757,000	13,762,000	13,319,000	13,465,000	10,117,000	8,439,000	8,622,000	25,111,000	8,326,000	23,196,000	7,467,000	22,389,000	8,690,000
other income	156,000		112,000	29,000	-24,000		5,000	-10,000	61,000		-3,000	12,000	-1,000		-56,000	-1,000	107,000		134,000	-28,000	65,000		226,000	-546,000	-158,000		12,000	1,000
income before income taxes	-20,315,000		-5,720,000	32,288,000	121,304,000		148,607,000	93,156,000	-67,009,000		-36,351,000	-19,951,000	28,380,000		-7,468,000	-283,556,000	-7,099,000		28,690,000	43,969,000	16,285,000		7,300,000	2,647,000	8,466,000		12,884,000	16,241,000	17,710,000	394,000	-47,985,000	-108,303,000	-529,849,000	-354,588,000	-293,509,000	-556,568,000	-462,413,000	5,475,000	13,659,000	11,661,000	9,494,750	15,378,000	11,015,000	11,586,000
benefit for income taxes	-4,787,000		-949,000	7,351,000	26,812,000		6,066,000	4,366,000	-2,754,000		-408,000				-572,000	22,420,000	-1,241,000		1,039,000	-20,735,000	232,000		220,000	328,000									-410,000		-642,000	-79,491,000
net income	-15,528,000		-4,771,000	24,937,000	94,492,000		142,541,000	88,790,000	-64,255,000		-35,943,000	-19,951,000	28,380,000		-6,896,000	-305,976,000	-5,858,000		27,651,000	64,704,000	16,053,000		7,080,000	2,319,000	8,466,000		12,884,000	16,241,000	17,710,000	394,000	-47,985,000	-108,303,000	-529,439,000	-354,588,000	-292,867,000	-477,077,000	-298,170,000	2,474,000	8,038,000	5,413,000	-41,849,000	8,886,000	6,722,000	7,209,000	11,219,000	3,122,000	3,028,000	3,570,000	20,636,000	16,976,000	41,028,000	32,089,000	14,205,000	19,799,000	-59,129,000	-308,851,000	48,361,000
yoy	-116.43%		-103.35%	-71.91%	-247.06%		-496.58%	-545.04%	-326.41%		421.22%	-93.48%	-584.47%		-124.94%	-572.89%	-136.49%		290.55%	2690.17%	89.62%		-45.05%	-85.72%	-52.20%		-126.85%	-115.00%	-103.35%	-100.11%	-83.62%	-77.30%	77.56%	-14432.58%	-3743.53%	-8913.54%	612.49%	-72.16%	19.58%	-24.91%	-473.02%	184.63%	121.99%	101.93%	-45.63%	-81.61%	-92.62%	-88.87%	45.27%	-14.26%	-169.39%	-110.39%	-70.63%
qoq			-119.13%	-73.61%			60.54%	-238.18%			80.16%	-170.30%			-97.75%	5123.22%			-57.27%	303.06%			205.30%	-72.61%			-20.67%	-8.29%	4394.92%	-100.82%	-55.69%	-79.54%	49.31%	21.07%	-38.61%	60.00%	-12152.14%	-69.22%	48.49%	-112.93%	-570.95%	32.19%	-6.76%	-35.74%	259.35%	3.10%	-15.18%	-82.70%	21.56%	-58.62%	27.86%	125.90%	-28.25%	-133.48%	-80.86%	-738.64%
net income margin %	-Infinity%	NaN%	-Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	-Infinity%	NaN%	-Infinity%	-Infinity%	Infinity%	NaN%	-Infinity%	-Infinity%	-Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	33.29%	0.78%	-71.34%	-316.01%	-1056.79%	-589.84%	-442.60%	-698.12%	-269.87%	1.78%	5.16%	3.77%	-28.66%	5.81%	4.72%	4.93%	7.10%	2.42%	2.25%	2.63%	13.31%	11.91%	26.06%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%
per share amounts:
basic earnings per share	-0.61		-0.21	1.1	4.21		6.39	5.05	-3.84		-2.85	-1.64	2.36
diluted earnings per share	-0.61		-0.21	1.1	4.17		6.29	4.95	-3.84		-2.85	-1.64	2.31
weighted-average shares outstanding - basic	25,445	23,371	22,985	22,615	22,440	19,748	22,308	17,581	16,719	13,118	12,629	12,190	12,029	11,902	11,935	11,910	11,825	11,753	11,762	11,746	11,708	11,655	11,671	11,655	11,602	11,453	11,531	11,487	11,232	10,000	10,013	44,672	44,463	44,546	44,516	44,232	43,795	43,850	43,826	43,628	43,331	43,389	43,369	43,167	42,840	42,901	42,862	42,674		42,470	42,436
weighted-average shares outstanding - diluted	25,445	23,571	22,985	22,674	22,634	20,097	22,669	17,938	16,719	13,520	12,629	12,190	12,294	11,902	11,935	11,910	11,825	11,778	11,780	11,780	11,788	11,764	11,792	11,757	11,727	11,514	11,545	11,554	11,323	10,361	10,013	44,672	44,463	44,546	44,516	44,232	43,795	44,473	44,312	44,118	43,331	43,704	43,612	43,323	42,930
see accompanying notes to condensed consolidated financial statements.
revenues:
oil and gas sales			173,963,000	126,400,000	139,954,000		242,181,000	182,605,000	129,656,000		99,249,000	69,861,000	86,741,000		45,699,000	24,846,000	53,377,000		72,014,000	74,703,000	72,064,000		65,034,000	51,347,000	52,752,000		49,019,000	45,782,000	42,412,000	47,959,000	87,019,000	34,367,000	50,607,000	60,024,000	68,281,000	67,358,000	106,350,000	133,896,000	158,214,000	148,558,000	146,123,000	155,049,000	140,892,000	146,477,000	158,126,000	127,946,000	131,980,000	136,142,000	155,804,000	143,123,000	159,213,000	326,607,000	110,025,000	295,331,000	76,418,000	593,886,000	199,973,000
write-down of oil and gas properties																260,342,000	95,606,000														55,764,000	77,732,000	477,491,000	321,522,000	260,504,000	502,569,000																			79,312,000
lease operating costs													6,274,000		5,211,000	5,000,000	5,812,000		5,507,000	5,035,000	4,531,000		4,207,000	3,760,000	4,961,000		5,831,000	4,776,000	5,773,000	9,481,000
per share amounts
basic: net income															-0.58	-25.69	-0.5		2.35	5.51	1.37		0.61	0.2	0.73		1.12	1.41	1.58	0.04	-13.19	-2.42	-11.89	-7.96	-6.58	-10.79	-6.81	0.06	0.18	0.12	0.133	0.2	0.15	0.16
diluted: net income															-0.58	-25.69	-0.5		2.35	5.49	1.36		0.6	0.2	0.72		1.12	1.41	1.57	0.04	-13.19	-2.42	-11.89	-7.96	-6.58	-10.79	-6.8	0.06	0.18	0.12	0.13	0.2	0.15	0.16
per share amounts-
net gain on commodity derivatives																											-1,603,000	5,132,000
reorganization items																															-8,790,000	10,429,000
price-risk management and other																													10,794,000	2,632,000	-19,754,000	-95,000	-508,000	92,000	-2,112,000	979,000	4,138,000	4,898,000	-2,493,000	-4,877,000	-114,000	-2,048,000	1,574,000	-240,000	-221,000	804,000	2,777,000	-264,000	-711,000	-591,000	-1,785,000	1,976,000	-179,000	-1,245,000	-59,000	27,969,000	-1,013,000
total revenues																													53,206,000	50,591,000	67,265,000	34,272,000	50,099,000	60,116,000	66,169,000	68,337,000	110,488,000	138,794,000	155,721,000	143,681,000	146,009,000	153,001,000	142,466,000	146,237,000	157,905,000	128,750,000	134,757,000	135,878,000	155,093,000	142,532,000	157,428,000
yoy																													6.20%	-15.84%	1.66%	-49.85%	-54.66%	-56.69%	-57.51%	-52.44%	-24.33%	-9.29%	9.30%	-1.75%	-7.53%	18.84%	5.72%	7.62%	1.81%	-9.67%	-14.40%
qoq																													5.17%	-24.79%	96.27%	-31.59%	-16.66%	-9.15%	-3.17%	-38.15%	-20.39%	-10.87%	8.38%	-1.59%	-4.57%	7.39%	-2.58%	-7.39%	22.64%	-4.46%	-0.83%	-12.39%	8.81%	-9.46%
costs and expenses:
total costs and expenses																													35,496,000	50,197,000	115,250,000	142,575,000	579,948,000	414,704,000	359,678,000	624,905,000	572,901,000	133,319,000	142,062,000	132,020,000	209,793,000	137,623,000	131,451,000	134,651,000	137,868,000	123,206,000	129,642,000	129,996,000	121,749,000	115,137,000	115,556,000
accretion of asset retirement obligation																														1,099,000	1,587,000	1,291,000	1,416,000	1,410,000	1,381,000	1,365,000	1,466,000	1,445,000	1,415,000	1,386,000	1,449,000	1,478,000	1,479,000	1,775,000	1,656,000	1,191,000	1,162,000	1,112,000	1,088,000	1,183,000	1,163,000	3,002,000	954,000	2,204,000	702,000	1,504,000	454,000
loss on reorganization items																														1,193,000
lease operating cost																															3,076,750	12,307,000	16,000,000	17,990,000	17,164,000	19,034,000	22,608,000	22,067,000	21,932,000	25,267,000	24,152,000	23,078,000	26,957,000	27,424,000	30,140,000	26,634,000	29,483,000	29,213,000	26,495,000	26,206,000	26,706,000	63,281,000	18,648,000	56,932,000	19,808,000	78,449,000	26,425,000
benefit from income taxes																																					3,550,000	3,001,000	5,621,000	6,248,000	3,790,500	6,492,000	4,293,000	4,377,000	8,818,000	2,422,000	2,087,000	2,312,000	9,455,500	10,388,000	15,190,000	2,145,250	8,581,000	-8,241,500	-32,966,000	7,251,750	29,007,000
income from continuing operations before income taxes																																													20,037,000	5,544,000	5,115,000	5,882,000	33,344,000	27,395,000	41,872,000	51,487,000	22,821,000	27,352,000	-91,969,000	-491,600,000	78,842,000
income from continuing operations																																													11,219,000	3,122,000	3,028,000	3,570,000	20,672,000	17,007,000	26,682,000	32,235,000	14,240,000	19,927,000	-59,003,000	-306,965,000	49,835,000
income from discontinued operations, net of taxes																																																	-36,000	-31,000	14,346,000	-146,000	-35,000	-128,000	-126,000	-1,886,000	-1,474,000
basic: income from continuing operations																																													0.26	0.07	0.07	0.08	0.48	0.39	0.62	0.82	0.37	0.74	-1.9	-10.03	1.64
diluted: income from continuing operations																																													0.26	0.07	0.07	0.08	0.48	0.39	0.61	0.81	0.37	0.74	-1.9	-10	1.61
gain from discontinued operations, net of taxes
weighted-average shares outstanding																																																	42,394			38,300	37,652	33,594	31,031	30,661	30,347
see accompanying notes to consolidated financial statements.

Balance Sheets:

Quarterly

Annual

Unit: USD	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-06-30	2005-12-31

assets
current assets:
cash and cash equivalents	1,446,000	969,000	1,697,000	1,102,000	2,167,000	792,000	1,924,000	9,408,000	1,645,000	1,121,000	988,000	2,063,000	3,419,000	2,118,000	1,222,000	6,610,000	35,598,000	1,358,000	2,850,000	3,333,000	876,000	2,465,000	4,542,000	6,611,000	237,000	7,806,000	12,861,000	6,627,000	168,000	303,000	2,447,000	4,294,000	17,782,000	29,460,000	7,322,000	75,000	311,000	406,000	564,000	91,000	3,277,000	3,277,000	11,338,000	248,000	170,000	1,650,000	31,671,000	126,789,000		15,999,000	32,298,000	19,764,000		5,508,000	43,484,000	39,101,000		154,000	231,000	3,534,000		8,801,000	13,147,000	10,156,000		11,711,000	7,216,000	2,963,000	72,073,575	53,004,562
accounts receivable	125,459,000	138,343,000	80,202,000	64,587,000	63,940,000	89,714,000	102,691,000	110,093,000	46,095,000	49,777,000	44,190,000	25,957,000	26,075,000	25,850,000	28,884,000	23,572,000	30,345,000	36,996,000	34,633,000	34,760,000	31,342,000	46,472,000	31,066,000	22,057,000	21,133,000	27,263,000	22,222,000	18,956,000	19,889,000	17,490,000	21,343,000	22,049,000	18,537,000	21,704,000	36,610,000	39,410,000	49,640,000	48,451,000	68,615,000	73,082,000	70,897,000	70,897,000	64,517,000	73,209,000	67,318,000	49,994,000	51,878,000	61,199,000		45,100,000	50,146,000	65,443,000		38,109,000	40,022,000
fair value of commodity derivatives	89,535,000	116,549,000	50,189,000	72,590,000	79,979,000	52,549,000	33,205,000	10,094,000	1,679,000	2,806,000	668,000	736,000	1,958,000	4,821,000	11,850,000	20,822,000	38,817,000	12,833,000	20,604,000	21,738,000	8,346,000	15,261,000	2,584,000	1,775,000	2,704,000	5,148,000
other current assets	5,652,000	5,590,000	3,825,000	3,935,000	2,672,000	2,671,000	6,468,000	7,201,000	2,164,000	1,875,000	4,016,000	3,055,000	2,388,000	2,184,000	2,628,000	3,028,000	2,846,000	2,121,000	2,683,000	3,241,000	3,110,000	2,126,000	2,928,000	3,090,000	2,877,000	2,352,000	5,155,000	6,623,000	3,282,000	3,686,000	3,247,000	4,078,000	4,098,000	10,683,000	4,299,000	5,315,000	8,006,000	9,569,000	21,033,000	10,081,000	7,600,000	7,600,000	10,169,000	8,085,000	7,370,000	5,873,000	10,041,000	9,437,000		10,712,000	14,842,000	20,253,000		16,086,000	18,514,000	17,956,000		18,035,000	24,171,000	26,886		28,320,000	20,310,000	11,673,000		46,466,000	25,448,000	24,366,000	17,980,159	11,655,046
total current assets	222,092,000	261,451,000	135,913,000	142,214,000	148,758,000	145,726,000	144,288,000	136,796,000	51,583,000	55,579,000	49,862,000	31,811,000	33,840,000	34,973,000	44,584,000	54,032,000	107,606,000	53,308,000	60,770,000	63,072,000	43,674,000	66,324,000	41,120,000	33,533,000	26,951,000	42,569,000	40,238,000	32,206,000	23,339,000	21,479,000	27,037,000	30,421,000	40,417,000	61,847,000	48,231,000	45,312,000	60,936,000	64,669,000	95,041,000	88,826,000	86,748,000	92,489,000	88,839,000	84,299,000	80,537,000	62,381,000	97,793,000	200,025,000		76,637,000	100,596,000	108,070,000		66,475,000	107,052,000	109,438,000		69,156,000	72,686,000	82,331,000		88,087,000	146,807,000	202,927,000		118,896,000	96,261,000	94,928,000	167,463,385	115,055,135
property and equipment:
property and equipment, full cost method, including 30,899 and 28,375, respectively, of unproved property costs not being amortized at the end of each period	3,709,469,000
less – accumulated depreciation, depletion, amortization & impairment	-1,315,364,000		-1,151,141,000	-1,097,935,000	-1,048,062,000		-959,139,000	-917,619,000	-891,158,000		-846,822,000	-830,749,000	-814,691,000		-787,830,000	-773,836,000	-499,759,000		-355,574,000	-330,638,000	-306,609,000		-261,763,000	-242,997,000	-229,901,000		-202,211,000	-190,379,000	-179,551,000		-160,117,000	-146,830,000
property and equipment	2,394,105,000	2,373,919,000	1,710,126,000	1,658,759,000	1,590,654,000	1,525,179,000	1,386,178,000	1,282,984,000	760,339,000	741,968,000	629,764,000	571,453,000	561,270,000	542,094,000	535,959,000	529,715,000	798,694,000	866,989,000	838,097,000	813,579,000	767,844,000	701,296,000	629,945,000	553,055,000	493,927,000	495,397,000	466,187,000	417,779,000	370,166,000	347,195,000	409,208,000	415,293,000	387,106,000	457,903,000	962,576,000	1,287,572,000	1,556,380,000	2,095,037,000	2,614,465,000	2,576,862,000	2,539,646,000	2,588,817,000	2,523,091,000	2,428,970,000	2,345,020,000	5,046,268,000	4,845,484,000	4,648,687,000		4,376,222,000	4,201,003,000	4,084,463,000		1,467,369,000	1,397,083,000
right of use assets	20,658,000	12,888,000	10,085,000	9,435,000	10,229,000	12,077,000	13,669,000	16,705,000	16,163,000	16,065,000	15,787,000	16,609,000	3,409,000	4,366,000	6,093,000	7,586,000	7,839,000	9,374,000	10,443,000	12,568,000	2,024,000
fair value of long-term commodity derivatives	29,432,000	55,114,000	14,180,000	21,903,000	26,645,000	24,172,000	27,410,000	5,829,000	76,000	201,000	18,000	1,000	769,000	281,000	2,291,000	4,679,000	8,867,000	3,854,000	7,051,000	5,910,000	4,024,000	4,333,000	2,624,000	3,332,000
other long-term assets	28,876,000	31,090,000	7,581,000	8,159,000	8,646,000	9,208,000	18,368,000	10,041,000	3,629,000	5,641,000	2,904,000	3,069,000	1,162,000	1,421,000	1,752,000	2,022,000	2,770,000	3,622,000	4,558,000	4,895,000	5,231,000	5,567,000	6,535,000	7,076,000	13,517,000	13,304,000	9,905,000	10,161,000	8,394,000	8,625,000	9,203,000	9,841,000	5,751,000	5,248,000	13,471,000	14,144,000	13,039,000	13,641,000	15,030,000	15,585,000	17,199,000	17,199,000	17,988,000	17,930,000	18,504,000	14,803,000	15,290,000	15,752,000		12,222,000	12,613,000	12,340,000		13,079,000	9,710,000	1,337,000
total assets	2,695,163,000	2,734,462,000	1,930,449,000	1,840,470,000	1,784,932,000	1,716,362,000	1,589,913,000	1,452,355,000	831,790,000	819,454,000	698,335,000	622,943,000	600,450,000	583,135,000	590,679,000	598,034,000	949,209,000	959,816,000	941,346,000	921,188,000	822,797,000	777,520,000	680,224,000	596,996,000	534,395,000	551,270,000	516,330,000	460,146,000	401,899,000	377,299,000	445,448,000	455,555,000	433,274,000	524,998,000	1,024,278,000	1,347,028,000	1,630,355,000	2,173,347,000	2,724,536,000	2,681,273,000	2,643,593,000	2,698,505,000	2,629,918,000	2,531,199,000	2,444,061,000	2,341,487,000	2,236,021,000	2,203,625,000	2,212,469,000	1,924,468,000	1,826,399,000	1,773,261,000	1,746,375,000	1,546,923,000	1,513,845,000		1,434,765,000				1,517,288,000				1,969,051,000
liabilities and stockholders’ equity
current liabilities:
accounts payable and accrued liabilities	143,684,000	98,816,000	74,731,000	60,143,000	51,599,000	60,200,000	80,107,000	78,778,000	41,909,000	35,034,000	38,000,000	23,887,000	20,601,000	26,991,000	22,707,000	15,800,000	36,159,000	39,343,000	38,951,000	33,320,000	31,978,000	48,921,000	48,108,000	35,350,000	32,289,000	44,437,000	41,998,000	41,820,000	47,555,000	56,257,000	33,394,000	48,696,000	60,626,000	7,663,000	49,116,000	45,586,000	73,549,000	68,244,000	104,523,000	81,182,000	83,361,000	82,318,000	88,419,000	69,656,000	75,378,000	99,606,000	89,403,000	78,798,000		90,751,000	52,212,000	70,849,000		71,144,000	62,748,000	60,272,000		54,966,000	53,477,000	53,852,000		84,143,000	91,130,000	78,793,000		67,212,000	60,567,000	60,707,000	45,818,560	51,973,004
deferred acquisition liability	50,000,000	50,000,000
accrued capital costs	42,114,000	31,900,000	56,424,000	44,047,000	45,264,000	56,465,000	54,210,000	24,166,000	11,128,000	7,354,000	20,482,000	12,114,000	6,611,000	7,324,000	4,915,000	5,436,000	12,104,000	17,889,000	10,655,000	28,166,000	46,992,000	38,073,000	51,930,000	41,821,000	20,445,000	10,883,000	19,721,000	18,164,000	11,899,000	11,954,000	4,295,000	8,262,000	9,676,000		19,509,000	13,772,000	13,266,000	41,461,000	49,870,000	56,533,000	61,164,000	61,164,000	104,791,000	90,042,000	73,190,000	82,187,000	102,268,000	95,566,000		82,593,000	75,563,000	68,967,000		52,421,000	47,236,000	31,273,000		22,087,000	15,898,000	48,397,000		91,650,000	86,291,000	72,117,000		60,925,000	57,542,000	41,478,000	42,054,613	30,073,728
current portion of long-term debt	37,500,000	28,125,000																															339,900,000	324,900,000
accrued interest	8,325,000	9,668,000	2,976,000	2,755,000	2,225,000	2,665,000	2,385,000	1,420,000	862,000	697,000	846,000	955,000	1,052,000	983,000	892,000	1,257,000	1,186,000	1,397,000	1,157,000	1,333,000	1,413,000	1,513,000	2,304,000	2,597,000	2,298,000	2,106,000	1,635,000	1,631,000	1,367,000	1,721,000	1,704,000	1,236,000	475,000	490,000	13,783,000	21,497,000	13,069,000	21,389,000	21,505,000	13,140,000	21,561,000	21,561,000	21,438,000	13,059,000	21,362,000	12,016,000	17,322,000	11,865,000		10,223,000	10,760,000	10,225,000		10,139,000	10,982,000	10,439,000		8,594,000	7,182,000	8,725,000		8,754,000	7,198,000	9,095,000		8,577,000	6,867,000	10,692,000	8,506,805	8,508,196
current lease liability	7,765,000	4,001,000	5,507,000	5,966,000	7,165,000	8,553,000	8,579,000	9,188,000	7,998,000	7,222,000	6,292,000	6,029,000	2,292,000	3,473,000	4,807,000	5,972,000	6,622,000	6,707,000	6,386,000	7,006,000	860,000
undistributed oil and gas revenues	37,754,000	20,425,000	22,462,000	18,463,000	16,743,000	27,160,000	32,318,000	23,323,000	18,731,000	23,577,000	17,328,000	13,570,000	26,416,000	11,098,000	8,619,000	5,916,000	8,705,000	9,166,000	8,983,000	11,755,000	11,719,000	14,681,000	12,671,000	10,953,000	10,713,000	12,996,000	10,249,000	11,549,000	11,073,000	9,192,000	10,441,000	9,580,000	6,444,000		12,589,000	12,938,000	10,402,000	17,825,000	11,109,000	13,170,000	10,990,000	10,990,000	8,634,000	7,110,000	7,550,000	2,722,000	3,264,000	6,448,000		4,010,000	4,006,000	4,301,000		4,950,000	5,775,000	5,773,000		5,018,000	5,087,000	5,273,000		4,124,000	3,852,000	5,694,000		2,071,000	2,189,000	9,709,000	9,400,634	7,866,086
total current liabilities	353,475,000	248,444,000	194,852,000	141,085,000	136,446,000	195,839,000	286,217,000	273,060,000	221,569,000	121,337,000	177,726,000	101,924,000	75,165,000	58,040,000	52,360,000	38,629,000	66,041,000	81,146,000	67,030,000	83,615,000	97,532,000	106,012,000	132,938,000	102,463,000	73,411,000	75,497,000	73,603,000	73,164,000	71,894,000	79,124,000	49,834,000	67,774,000	417,121,000	333,053,000	94,997,000	93,793,000	110,286,000	148,919,000	187,007,000	164,025,000	177,076,000	176,033,000	223,282,000	179,867,000	177,480,000	196,531,000	212,257,000	192,677,000		187,577,000	142,541,000	154,342,000		138,654,000	126,741,000	107,757,000		90,665,000	81,644,000	116,247,000		188,671,000	188,471,000	173,863,000		138,785,000	127,165,000	122,586,000	105,780,612	98,421,014
long-term debt	1,039,469,000	1,173,766,000	645,096,000	722,904,000	705,715,000	688,531,000	626,351,000	640,175,000	346,003,000	372,825,000	393,726,000	393,446,000	395,172,000	424,905,000	447,644,000	464,390,000	484,142,000	472,900,000	475,663,000	466,433,000	424,207,000	387,988,000	316,773,000	274,577,000	245,371,000	265,325,000	250,000,000	211,000,000	172,000,000	198,000,000	254,000,000	254,000,000			1,179,132,000	1,149,165,000	1,124,201,000	1,074,534,000	1,178,301,000	1,175,036,000	1,142,368,000	1,142,368,000	1,037,435,000	987,168,000	916,934,000	822,721,000	719,977,000	719,875,000	719,775,000	471,809,000	471,746,000	471,685,000	471,624,000	471,566,000	471,508,000	471,452,000	471,397,000	480,800,000	628,000,000	636,700,000	580,700,000	516,600,000	524,200,000	623,400,000	587,000,000	400,000,000	400,000,000	414,000,000	350,000,000	350,000,000
non-current lease liability	12,955,000	8,899,000	4,604,000	3,571,000	3,303,000	3,775,000	5,379,000	7,788,000	8,427,000	9,090,000	9,723,000	10,670,000	1,126,000	951,000	1,392,000	1,778,000	1,397,000	2,813,000	4,154,000	5,605,000	1,171,000
deferred tax liabilities	94,077,000	99,227,000	49,033,000	50,073,000	42,753,000	16,141,000	14,012,000	7,721,000	3,613,000	6,516,000	303,000	303,000	303,000	303,000			1,281,000	1,582,000	1,706,000	1,446,000	1,148,000	1,014,000	549,000	328,000												512,000	3,621,000	86,376,000	229,107,000	224,230,000	217,384,000	241,205,000	230,617,000	226,286,000	223,243,000	212,876,000	208,440,000	205,025,000
asset retirement obligations	11,913,000	11,584,000	9,840,000	9,619,000	9,451,000	9,171,000	8,255,000	8,375,000	5,644,000	5,526,000	4,706,000	4,586,000	4,489,000	4,533,000	4,344,000	4,312,000	4,170,000	4,055,000	4,265,000	4,218,000	4,073,000	3,956,000	4,158,000	4,258,000	4,185,000	8,678,000	24,174,000	23,399,000	22,819,000	22,291,000	55,361,000			56,390,000				62,122,000
other long-term liabilities		710,000	922,000	541,000	565,000	3,588,000	2,764,000	5,066,000	1,663,000	3,043,000	846,000	490,000	270,000	424,000	292,000	162,000	30,000						1,250,000	2,500,000	7,601,000	8,312,000	2,431,000	815,000	804,000	1,829,000	2,929,000	2,745,000	685,000	3,891,000	9,511,000	10,311,000	9,181,000	7,018,000	9,695,000	9,831,000	10,324,000	10,324,000	10,162,000	10,069,000	9,901,000	10,795,000	10,688,000	10,853,000		10,221,000	9,855,000	8,785,000		1,811,000	1,871,000	1,931,000		2,050,000	2,409,000	2,469,000		2,288,000	2,347,000	2,407,000
commitments and contingencies
stockholders' equity:
preferred stock, 0.01 par value...
common stock, 0.01 par value...	260,000	259,000	259,000	231,000	231,000	227,000	227,000	227,000	171,000	168,000	136,000	124,000	123,000		121,000	120,000	120,000		119,000	118,000	118,000
additional paid-in capital	681,099,000	679,202,000	677,473,000	578,817,000	577,293,000	576,118,000	574,885,000	573,259,000	414,127,000	413,017,000	324,106,000	300,088,000	298,841,000	297,712,000	296,629,000	295,479,000	294,250,000	292,916,000	291,754,000	289,899,000	288,130,000	286,281,000	284,406,000	282,726,000	281,303,000	279,111,000	276,753,000	275,282,000	273,787,000				777,269,000	776,358,000	774,830,000	773,322,000	771,624,000	771,972,000	766,875,000	764,058,000	761,972,000	762,242,000	755,303,000	750,697,000	747,868,000	743,677,000	738,918,000	733,592,000		722,502,000	717,945,000	713,072,000		562,429,000	559,303,000	555,920,000		548,395,000	439,322,000	436,262,000		431,151,000	426,142,000	416,548,000		401,980,000	398,005,000	392,975,000	369,191,727	365,085,695
treasury stock	-11,151,000	-10,617,000	-10,616,000	-10,600,000	-10,479,000	-7,534,000	-7,534,000	-7,095,000	-6,592,000	-2,984,000	-2,984,000	-2,975,000	-2,860,000	-2,372,000	-2,372,000	-2,368,000	-2,365,000	-2,282,000	-2,193,000	-2,188,000	-2,130,000	-1,870,000	-1,870,000	-1,870,000	-1,742,000	-1,452,000	-1,293,000	-1,293,000	-942,000				-2,495,000	-2,491,000	-2,487,000	-2,487,000	-2,491,000	-9,855,000	-9,686,000	-9,645,000	-12,575,000	-12,575,000	-12,495,000	-12,471,000	-13,855,000	-13,831,000	-13,736,000	-13,686,000		-12,276,000	-12,246,000	-12,219,000		-9,725,000	-9,713,000	-9,626,000		-9,183,000	-8,994,000	-8,970,000		-10,156,000	-8,196,000	-8,196,000		-7,420,000	-6,609,000	-6,582,000	-6,124,944	-6,445,586
retained earnings	504,956,000	520,484,000	337,426,000	342,197,000	317,260,000	222,768,000	49,407,000			-117,669,000				-204,428,000			99,096,000	104,954,000	98,706,000	71,055,000	6,351,000	-9,702,000	-66,450,000	-73,530,000	-75,851,000	-84,317,000							-1,735,342,000	-1,627,039,000	-1,097,600,000	-743,012,000	-450,145,000	31,817,000	296,831,000	288,793,000	283,380,000	315,244,000	316,343,000	309,621,000	302,412,000	291,193,000	288,071,000	285,043,000		260,837,000	243,861,000	202,833,000		172,352,000	163,022,000	150,563,000		121,818,000	114,292,000	116,559,000		628,381,000	566,458,000	484,539,000		516,271,000	473,989,000	442,479,000	329,785,711	254,302,757
total stockholders’ equity	1,175,164,000	1,189,328,000	1,004,542,000	910,645,000	884,305,000	791,579,000	616,985,000	473,257,000	225,782,000	292,532,000	89,316,000	101,238,000	120,056,000	91,033,000	80,602,000	86,351,000	391,101,000	395,707,000	388,386,000	358,884,000	292,469,000	274,827,000	216,204,000	207,443,000	203,827,000	193,458,000	166,122,000	151,768,000	134,382,000	76,055,000	83,324,000	79,989,000	-960,118,000	-852,724,000	-324,810,000	28,270,000	319,434,000	794,378,000	1,054,463,000	1,043,648,000	1,033,216,000	1,065,350,000	1,059,590,000	1,048,286,000	1,036,860,000	1,021,360,000	1,013,687,000	1,005,643,000		971,493,000	950,199,000	903,883,000		725,439,000	713,051,000
total liabilities and stockholders’ equity	2,695,163,000	2,734,462,000	1,930,449,000	1,840,470,000	1,784,932,000	1,716,362,000	1,589,913,000	1,452,355,000	831,790,000	819,454,000	698,335,000	622,943,000	600,450,000	583,135,000	590,679,000	598,034,000	949,209,000	959,816,000	941,346,000	921,188,000	822,797,000	777,520,000	680,224,000	596,996,000	534,395,000	551,270,000	516,330,000	460,146,000	401,899,000	377,299,000	445,448,000	455,555,000	433,274,000	524,998,000	1,024,278,000	1,347,028,000	1,630,355,000	2,173,347,000	2,724,536,000	2,681,273,000	2,643,593,000	2,698,505,000	2,629,918,000	2,531,199,000	2,444,061,000	2,341,487,000	2,236,021,000	2,203,625,000		1,924,468,000	1,826,399,000	1,773,261,000		1,546,923,000	1,513,845,000
see accompanying notes to condensed consolidated financial statements.
property and equipment, full-cost method, including 28,375 and 16,272 of unproved property costs not being amortized		3,597,160,000
less – accumulated depreciation, depletion, amortization and impairment		-1,223,241,000				-1,004,044,000				-869,985,000				-801,279,000				-380,728,000				-284,804,000				-216,769,000				-169,879,000
see accompanying notes to consolidated financial statements.
property and equipment, full cost method, including 27,821 and 16,272, respectively, of unproved property costs not being amortized at the end of each period			2,861,267,000
deposit and other fees for oil and gas property transaction			52,564,000
property and equipment, full cost method, including 26,344 and 16,272, respectively, of unproved property costs not being amortized at the end of each period				2,756,694,000
property and equipment, full cost method, including 18,196 and 16,272, respectively, of unproved property costs not being amortized at the end of each period					2,638,716,000
property and equipment, full-cost method, including 16,272 and 17,090 of unproved property costs not being amortized						2,529,223,000
property and equipment, full cost method, including 17,478 and 17,090, respectively, of unproved property costs not being amortized at the end of each period							2,345,317,000
property and equipment, full cost method, including 21,412 and 17,090, respectively, of unproved property costs not being amortized at the end of each period								2,200,603,000
accumulated deficit								-93,134,000	-181,924,000		-231,942,000																-109,454,000	-122,337,000	-138,578,000	-156,288,000	-149,207,000	-149,601,000
property and equipment, full cost method, including 23,623 and 17,090, respectively, of unproved property costs not being amortized at the end of each period									1,651,497,000
property and equipment, full-cost method, including 17,090 and 28,090 of unproved property costs not being amortized										1,611,953,000
property and equipment, full cost method, including 24,988 and 28,090, respectively, of unproved property costs not being amortized at the end of each period											1,476,586,000
property and equipment, full cost method, including 24,312 and 28,090, respectively, of unproved property costs not being amortized at the end of each period												1,402,202,000
(accumulated deficit) retained earnings												-195,999,000	-176,048,000		-213,776,000	-206,880,000
property and equipment, full cost method, including 29,113 and 28,090, respectively, of unproved property costs not being amortized at the end of each period													1,375,961,000
property and equipment, full-cost method, including 28,090 and 41,201 of unproved property costs not being amortized														1,343,373,000
deferred tax asset																	23,433,000	22,669,000	20,427,000	21,164,000																512,000	2,979,000		4,829,000	5,572,000	4,974,000	10,715,000	2,815,000	2,757,000	5,679,000	4,864,000	4,203,000	2,600,000		4,826,000	3,310,000	2,046,000											7,788,000	16,510,000			2,383,000	2,383,000	10,091,251
preferred stock, .01 par value...
common stock, .01 par value...														121,000				119,000				118,000	118,000	117,000	117,000	116,000	116,000	116,000	115,000				450,000	448,000	447,000	447,000	446,000	444,000	443,000	442,000	439,000	439,000	439,000	439,000	435,000	434,000	434,000	433,000		430,000	429,000	429,000		383,000	383,000	382,000		379,000	316,000	316,000		313,000	312,000	309,000		305,000	305,000	303,000	296,491	294,590
property and equipment, full cost method, including 30,661 and 41,201, respectively, of unproved property costs not being amortized at the end of each period															1,323,789,000
property and equipment, full cost method, including 30,043 and 41,201, respectively, of unproved property costs not being amortized at the end of each period																1,303,551,000
property and equipment, full cost method, including 42,249 and 41,201, respectively, of unproved property costs not being amortized at the end of each period																	1,298,453,000
property and equipment, full-cost method, including 41,201 and 56,715 of unproved property costs not being amortized																		1,247,717,000
property and equipment, full cost method, including 43,066 and 56,715, respectively, of unproved property costs not being amortized at the end of each period																			1,193,671,000
property and equipment, full cost method, including 49,866 and 56,715, respectively, of unproved property costs not being amortized at the end of each period																				1,144,217,000
property and equipment, full cost method, including 64,797 and 56,715 of unproved property costs not being amortized at the end of each period																					1,074,453,000
property and equipment, full cost method, including 56,715 and 50,377 of unproved property costs not being amortized																						986,100,000
property and equipment, full cost method, including 54,986 and 50,377 of unproved property costs not being amortized at the end of each period																							891,708,000
property and equipment, full cost method, including 53,865 and 50,377 of unproved property costs not being amortized at the end of each period																								796,052,000
property and equipment, full cost method, including 55,725 and 50,377 of unproved property costs not being amortized at the end of each period																									723,828,000
property and equipment, full cost method, including 50,377 and 33,354 of unproved property costs not being amortized																										712,166,000
property and equipment, full cost method, including 52,075 and 33,354 of unproved property costs not being amortized at the end of each period																											668,398,000
property and equipment, full cost method, including 39,919 and 33,354 of unproved property costs not being amortized at the end of each period																												608,158,000
property and equipment, full cost method, including 34,345 and 33,354 of unproved property costs not being amortized at the end of each period																													549,717,000
property and equipment, full cost method, including 33,354 and 18,839 of unproved property costs not being amortized																														517,074,000
liabilities subject to compromise																																	917,972,000	984,388,000
stockholders' equity
predecessor common stock, .01 par value...
predecessor additional paid-in capital
predecessor treasury stock held, at cost, 179,395 shares
successor preferred stock, .01 par value...
successor common stock, .01 par value...																														101,000	100,000	100,000
successor additional paid-in capital																														232,917,000	232,431,000	229,490,000
successor treasury stock held, at cost, 22,485 shares																														-675,000
property and equipment, including 47,310 and 18,839 of unproved property costs not being amortized at the end of each period																															569,325,000
predecessor preferred stock, .01 par value...
property and equipment, including 47,603 and 18,839 of unproved property costs not being amortized at the end of each period																																562,123,000
asset retirement obligation																																51,047,000	57,614,000		65,448,000	64,977,000	63,632,000		65,963,000	64,503,000	63,225,000	63,225,000	68,832,000	79,523,000	79,643,000	77,204,000	70,972,000	69,552,000		91,237,000	71,574,000	70,529,000		58,650,000	57,230,000	56,193,000		47,469,000	46,668,000	46,056,000		33,702,000	34,607,000	32,372,000		35,141,000	34,696,000	34,122,000	19,811,717	19,095,368
property and equipment, including 18,839 of unproved property costs not being amortized at the end of each period																																	6,060,121,000
less – accumulated depreciation, depletion, and amortization																																	-5,673,015,000	-5,577,854,000	-5,061,058,000	-4,704,508,000	-4,402,460,000	-3,839,118,000	-3,308,992,000	-3,236,443,000	-3,174,453,000	-3,125,282,000	-2,968,161,000	-2,908,302,000	-2,847,773,000	-2,781,965,000	-2,722,546,000	-2,660,839,000		-2,540,613,000	-2,487,813,000	-2,431,612,000		-2,333,367,000	-2,292,193,000	-2,252,776,000		-2,173,549,000	-2,132,063,000	-2,091,388,000		-1,153,377,000	-1,100,632,000	-1,042,913,000		-1,073,797,000	-1,019,663,000	-969,634,000
property and equipment, including 18,839 and 64,903 of unproved property costs not being amortized, respectively																																		6,035,757,000
property and equipment, including 69,697 and 64,903 of unproved property costs not being amortized, respectively																																			6,023,634,000
property and equipment, including 71,118 and 64,903 of unproved property costs not being amortized, respectively																																				5,992,080,000
property and equipment, including 64,577 and 64,903 of unproved property costs not being amortized, respectively																																					5,958,840,000
deferred tax assets																																						6,243,000																6,208,000	4,468,000	2,926,000
property and equipment, including 64,903 and 71,452 of unproved property costs not being amortized, respectively																																						5,934,155,000
property and equipment, including 63,662 and 71,452 of unproved property costs not being amortized, respectively																																							5,923,457,000
property and equipment, including 66,246 and 71,452 of unproved property costs not being amortized, respectively																																								5,813,305,000
property and equipment, including 71,452 and 92,579 of unproved property costs not being amortized, respectively																																									5,714,099,000
property and equipment, including 65,767 and 71,452 of unproved property costs not being amortized, respectively																																										5,714,099,000
property and equipment, including 93,990 and 92,579 of unproved property costs not being amortized, respectively																																											5,491,252,000
property and equipment, including 94,223 and 92,579 of unproved property costs not being amortized, respectively																																												5,337,272,000
property and equipment, including 92,579 and 84,146 of unproved property costs not being amortized, respectively																																													5,192,793,000
accumulated other comprehensive loss, net of income tax																																														-113,000						-232,000						-23,000	-224,000				-2,037,000	-436,000					-411,427
accumulated other comprehensive income, net of income tax																																																261,000			210,000				56,000							4,683,000					223,000	-214,000		-69,469
total revenues from continuing operations																																																	599,131,000				438,429,000				370,445,000				820,815,000				654,121,000
income from continuing operations, before income
taxes																																																	135,104,000
income from continuing operations																																																	84,610,000				46,475,000				-39,076,000				-257,130,000				152,588,000
net cash from operating activities -
continuing operations																																																	373,058,000				258,996,000				226,176,000				582,027,000				442,282,000
per share and share data
weighted-average shares outstanding																																																	42,394,000				38,300,000				33,594,000				30,661,000				29,984,000
earnings per share--basic																																																	1,960				1,190				-1,160				-8,390				5,090
earnings per share--diluted																																																	1,950				1,180				-1,160				-8,390				4,980
shares outstanding at year-end																																																	42,485,000				41,999,000				37,457,000				30,869,000				30,179,000
book value per share at year-end																																																	23,460				20,950				18,120				19,470				27,700
market price
high																																																	47,320				40,830				25,610				67,030				47,720
low																																																	21,810				24,520				4,950				15,300				35,980
year-end close																																																	29,720				39,150				23,960				16,810				44,030
current assets																																																	328,151,000				160,817,000				108,600,000				78,086,000				199,950,000
property & equipment, net of accumulated
depreciation, depletion, and amortization																																																	1,867,766,000				1,572,845,000				1,315,964,000				1,431,447,000				1,760,195,000
liabilities
current liabilities																																																	211,794,000				162,787,000				103,604,000				153,499,000				210,161,000
total liabilities																																																	1,215,960,000				866,358,000				755,866,000				916,411,000				1,132,997,000
stockholders’ equity																																																	996,509,000				880,017,000				678,899,000				600,877,000				836,054,000
number of domestic employees																																																	309,000				292,000				295,000				334,000				298,000
domestic producing wells																																																																	1,218,000
swift operated																																																	1,025,000				1,212,000				1,146,000				1,168,000				1,091,000
outside operated																																																	46,000				119,000				148,000				159,000				127,000
total domestic producing wells																																																	1,071,000				1,331,000				1,294,000				1,327,000
domestic wells drilled																																																	44,000				56,000				20,000				126,000				69,000
domestic proved reserves
natural gas																																																	616,800				423,000				290,600				292,400				343,800
oil reserves																																																	30,900				39,300
ngl reserves																																																	25,800				23,000
total domestic proved reserves																																																	159,600				132,800				112,900				116,400				133,800
domestic production																																																	10,500				8,300				9,100				10,000				10,600
domestic average sales price
natural gas liquids																																																	52,130				42,440				31,360				57,150				49,720
oil																																																	107,000				79,450				60,070				101,380				71,920
boe equivalent																																																	57,220				52,420				41,050				79,000				61,490
assets held for sale
deferred income taxes																																																		192,131,000	180,484,000	164,037,000		150,803,000	143,444,000	132,606,000		114,075,000	106,925,000	99,507,000		405,177,000	373,438,000	337,620,000		279,958,000	257,004,000	239,357,000	178,888,868
current assets held for sale																																																				564,000		564,000	564,000	564,000		564,000	564,000	564,000		564,000	564,000	93,446,000
taxes and change in accounting principle																																																					74,308,000				-64,617,000				-412,758,000				244,556,000
oil and gas properties, using full-cost accounting																																																						3,800,736,000	3,689,276,000
accounts receivable-
oil and gas sales																																																								36,515,000		37,135,000	38,233,000	36,082,000		41,779,000	99,887,000	67,549,000		58,409,000	58,676,000	63,286,000	54,316,805	45,518,260
joint interest owners																																																								3,131,000		1,590,000	840,000	2,869,000		775,000	1,346,000	1,884,000		1,177,000	1,220,000	895,000	1,375,144	1,082,187
other receivables																																																								9,245,000		11,678,000	8,647,000	12,396,000		7,848,000	3,765,000	1,709,000		1,133,000	1,318,000	1,035,000	11,626,451	3,795,080
oil and gas, using full-cost accounting
proved properties																																																								3,492,107,000		3,377,796,000	3,337,896,000	3,313,703,000		3,113,205,000	2,907,592,000	2,752,116,000		2,569,223,000	2,459,404,000	2,368,048,000	1,881,432,276	1,731,866,298
unproved properties																																																								72,400,000		78,599,000	87,017,000	95,032,000		108,373,000	108,290,000	108,388,000		107,689,000	108,745,000	107,426,000	96,489,581	87,553,220
furniture, fixtures, and other equipment																																																								37,029,000		37,830,000	37,901,000	38,010,000		36,289,000	35,169,000	33,349,000		34,633,000	31,593,000	30,441,000	24,580,227	15,313,277
other assets:
deferred charges																																																								8,605,000
other comprehensive income																																																								962,000
oil, ngl, & condensate																																																									64,500				67,700				76,500
debt issuance costs																																																										5,201,000	5,508,000	5,809,000		6,399,000	6,688,000	6,971,000		7,527,000	7,562,000	7,071,000	7,434,390	8,026,780
restricted assets																																																										1,412,000	1,413,000	1,649,000		1,834,000	1,828,000	1,588,000		2,398,000	2,485,000	2,414,000	2,221,507	2,296,968
see accompanying notes to condensed consolidated financial statements
current liabilities associated with assets held for sale																																																																8,164,000
effect on income from continuing operations and
earnings per share from changes in accounting
principles
cumulative effect of change in accounting
principle
effect per share—basic
effect per share—diluted
lease incentive obligation																																																																		1,549,000	1,609,000	1,668,000	1,847,490	271,182
less — accumulated depreciation, depletion, and amortization																																																																					-830,555,121	-755,699,056
stockholders’ equity:
unearned compensation																																																																						-5,849,820

Cashflow Statements:

Quarterly

Annual

Unit: USD	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31

cash flows from operating activities:
net income	-15,528,000	183,058,000	-4,771,000	24,937,000	94,492,000	173,361,000	142,541,000	88,790,000	-64,255,000	114,273,000	-35,943,000	-19,951,000	28,380,000	9,348,000	-6,896,000	-305,976,000	-5,858,000	6,248,000	27,651,000	64,704,000	16,053,000	56,748,000	7,080,000	2,321,000	8,466,000	25,137,000	12,883,000	16,241,000	17,710,000	-108,303,000	-529,439,000	-354,588,000	-292,867,000	-477,077,000	-298,170,000	1,292,000	8,038,000	5,413,000	-41,849,000	8,886,000	6,722,000	7,209,000	11,219,000	3,122,000	3,028,000	3,570,000	20,636,000	16,976,000	41,028,000	20,181,000	10,300,000	9,330,000	12,459,000	14,205,000	14,540,000	7,526,000	-2,267,000	-59,129,000		61,923,000	81,919,000	48,361,000	-80,093,000	42,282,000	31,510,000	27,588,000
adjustments to reconcile net income to net cash from operating activities
depreciation, depletion, and amortization	92,103,000	72,079,000	53,187,000	49,852,000	43,998,000	44,886,000	41,501,000	26,441,000	21,154,000	23,144,000	16,054,000	16,038,000	13,393,000	13,434,000	13,974,000	13,717,000	23,439,000	25,144,000	24,937,000	24,029,000	21,805,000	23,041,000	18,766,000	13,097,000	13,131,000	14,558,000	11,832,000	10,828,000	9,715,000	17,245,000	39,120,000	35,606,000	42,088,000	60,698,000	66,518,000	67,182,000	72,205,000	61,685,000	65,517,000	66,948,000	59,458,000	60,120,000	65,540,000	58,987,000	61,288,000	61,363,000	58,089,000	54,404,000	55,816,000	52,921,000	44,469,000	40,800,000	39,029,000	38,274,000	40,798,000	41,011,000	40,365,000	43,934,000	60,297,000	52,217,000	57,280,000	52,494,000	37,499,000	53,568,000	49,679,000	47,647,000
accretion of asset retirement obligations	316,000	267,000	254,000	240,000	224,000	168,000	166,000	101,000	99,000	80,000	78,000	73,000	75,000	91,000	90,000	87,000	86,000	72,000	89,000	85,000	83,000	89,000	87,000	84,000	159,000		582,000	576,000	564,000
deferred income taxes	-5,150,000		-1,040,000	7,320,000	26,612,000		6,291,000	4,107,000	-2,902,000						0	22,152,000	-1,065,000		997,000	-20,866,000	134,000		221,000								0	0	-642,000	-79,491,000	-163,864,000	1,638,000	5,621,000	6,248,000	-21,928,000	6,492,000	4,293,000	4,377,000	8,559,000	3,840,000	2,087,000	2,312,000	12,663,000	10,255,000	15,255,000	10,822,000	6,730,000	5,649,000	9,810,000	10,692,000	8,550,000	7,978,000	-39,000	-29,866,000	-269,335,000	31,107,000	45,302,000	28,428,000	26,786,000	27,245,000	17,323,000	15,120,000
share-based compensation	1,830,000		1,468,000	1,451,000	1,124,000		1,187,000	1,667,000	1,047,000		1,190,000	1,190,000	1,070,000		1,066,000
(gain) loss on derivatives	56,078,000		54,639,000	-19,994,000	-92,249,000		-4,832,000	22,406,000	140,242,000	-29,861,000	88,553,000	46,067,000	18,259,000	5,580,000	12,945,000	8,458,000	-88,287,000	10,070,000	-13,409,000	-24,925,000	4,022,000	-20,930,000	13,600,000	10,752,000	6,355,000
cash settlement (paid) received on derivatives	38,371,000		23,189,000	28,782,000	18,699,000		-91,455,000	-66,049,000	-24,554,000		-18,268,000	-7,645,000	-3,063,000		8,654,000	19,846,000	47,650,000		11,706,000	3,304,000	1,077,000		-3,736,000	-2,912,000	977,000
settlements of asset retirement obligations	-2,000	-235,000	-70,000	-408,000	-3,000	-1,000	7,000	-16,000	-38,000	-7,000	15,000	-62,000	-104,000	-67,000	-12,000	-13,000	-2,000	-16,000	-20,000	-16,000	-31,000	-28,000	-15,000	-24,000	-120,000	-90,000	-351,000	-1,483,000	-411,000
other	3,362,000	1,500,000	716,000	556,000	756,000	9,435,000	-8,093,000	530,000	1,138,000	994,000	681,000	858,000	344,000	625,000	622,000	672,000	1,142,000	1,148,000	622,000	596,000	564,000	1,179,000	740,000	3,245,000	129,000	-1,319,000	278,000	797,000	-315,000	2,551,000	-4,458,000	21,000	3,233,000	373,000	-8,520,000	2,049,000	777,000	-3,216,000	-1,350,000	2,228,000	-2,160,000	-3,864,000	1,559,000	694,000	1,612,000	-2,889,000	3,553,000	3,830,000	3,349,000	-8,589,000	1,090,000	2,214,000	816,000	-2,557,000	7,851,000	-1,880,000	990,000	9,172,000	-11,021,000	5,214,000	-5,242,000	2,409,000	-4,187,000	2,860,000	-400,000	-2,587,000
change in operating assets and liabilities:
increase in accounts receivable and other current assets	-5,374,000		-17,168,000	-4,390,000	30,687,000		-12,898,000	-37,216,000	2,794,000		-19,554,000	-509,000	-878,000		-6,880,000	4,857,000	9,436,000		335,000	-990,000	14,401,000		-8,865,000	-1,673,000	4,005,000		-2,398,000	456,000	-1,942,000	3,167,000		2,800,000	1,161,000	7,880,000	7,252,000
increase in accounts payable and accrued liabilities	24,557,000	12,492,000	16,596,000	2,588,000	-24,504,000	-8,472,000	21,514,000	8,890,000	-10,144,000	10,292,000	7,717,000	-10,803,000	10,301,000	3,004,000	6,156,000	-3,200,000	-6,937,000	1,724,000	-1,896,000	2,177,000	-9,105,000	-74,000	5,827,000	1,058,000	-9,497,000	4,484,000	-2,832,000	7,873,000	-3,436,000	5,185,000	-10,235,000	-771,000	5,649,000	-9,646,000	-5,794,000	2,447,000	-2,033,000	6,885,000	1,709,000	268,000	520,000	3,085,000	949,000	262,000			2,057,000	7,094,000						-10,809,000			-7,942,000	536,000	-2,301,000	-8,107,000			4,104,000	3,175,000
increase in income taxes payable	465,000	204,000	92,000	-71,000	300,000	-208,000	-325,000	155,000	149,000					0	-572,000	268,000	-176,000	302,000													15,000				-229,000	693,000														2,000				126,000				-248,000				579,000	78,000	90,000	-90,000	-884,000
increase in accrued interest	-1,343,000	6,692,000	222,000	530,000	-441,000	281,000	965,000	558,000	165,000	-149,000	-109,000	-97,000	69,000	91,000	-365,000	71,000	-211,000	240,000	-176,000	-80,000	-100,000	-791,000	-293,000	299,000	192,000	471,000	4,000	264,000	-354,000	-15,000	17,336,000	-7,714,000	8,428,000	-8,320,000	8,403,000	-8,519,000	8,365,000	-8,421,000									2,236,000	-537,000	535,000	-785,000	871,000	-843,000	543,000	6,694,000				1,518,000	-1,547,000			1,537,000	-1,019,000			1,928,000
net cash from operating activities	189,685,000	128,709,000	127,314,000	91,393,000	99,695,000	119,063,000	96,569,000	50,714,000	64,895,000	82,078,000	40,414,000	25,388,000	67,846,000	37,430,000	28,782,000	22,917,000	76,083,000	50,108,000	52,805,000	49,665,000	50,595,000	33,549,000	34,977,000	27,891,000	25,156,000	40,786,000	23,086,000	32,230,000	11,736,000	5,045,000	13,864,000	-1,029,000	30,209,000	-770,000	54,196,000	81,872,000	100,604,000	69,699,000	85,840,000	76,076,000	87,308,000	62,223,000	90,922,000	68,005,000	91,896,000	63,783,000	84,537,000	101,542,000	125,162,000	61,815,000	65,243,000	64,690,000	69,711,000	59,311,000	79,970,000	62,574,000	32,746,000	50,490,000	82,926,000	203,707,000	158,921,000	142,512,000	127,583,000	134,264,000	120,088,000	85,967,000
capital expenditures	-80,225,000	-105,270,000	-94,539,000	-110,179,000	-111,285,000	-108,876,000	-69,821,000	-58,518,000	-35,228,000	-35,419,000	-41,224,000	-21,143,000	-35,852,000	-12,025,000	-17,119,000	-32,976,000	-52,618,000	-47,801,000	-60,721,000	-87,583,000	-86,555,000	-103,381,000	-79,054,000	-50,344,000	-33,753,000	-51,346,000	-55,981,000	-60,238,000	-25,417,000	-36,595,000	-12,936,000	-21,755,000	-55,824,000	-49,173,000	-69,364,000	-107,993,000	-103,390,000	-105,589,000	-104,646,000	-170,405,000	-132,336,000	-132,981,000	-182,044,000	-200,958,000	-186,838,000	-187,915,000	-136,578,000	-123,956,000	-112,887,000	-131,911,000	-125,269,000	-99,263,000	-65,730,000	-63,386,000	-50,866,000	-28,703,000	-32,431,000	-103,370,000	-155,039,000	-154,324,000	-142,560,000	-176,402,000	-62,397,000	-146,252,000	-76,272,000	-113,374,000
free cash flows	109,460,000	23,439,000	32,775,000	-18,786,000	-11,590,000	10,187,000	26,748,000	-7,804,000	29,667,000	46,659,000	-810,000	4,245,000	31,994,000	25,405,000	11,663,000	-10,059,000	23,465,000	2,307,000	-7,916,000	-37,918,000	-35,960,000	-69,832,000	-44,077,000	-22,453,000	-8,597,000	-10,560,000	-32,895,000	-28,008,000	-13,681,000	-31,550,000	928,000	-22,784,000	-25,615,000	-49,943,000	-15,168,000	-26,121,000	-2,786,000	-35,890,000	-18,806,000	-94,329,000	-45,028,000	-70,758,000	-91,122,000	-132,953,000	-94,942,000	-124,132,000	-52,041,000	-22,414,000	12,275,000	-70,096,000	-60,026,000	-34,573,000	3,981,000	-4,075,000	29,104,000	33,871,000	315,000	-52,880,000	-72,113,000	49,383,000	16,361,000	-33,890,000	65,186,000	-11,988,000	43,816,000	-27,407,000
cash flows from investing activities:
additions to property and equipment	-80,225,000	-105,270,000	-94,539,000	-110,179,000	-111,285,000	-108,876,000	-69,821,000	-58,518,000	-35,228,000	-35,419,000	-41,224,000	-21,143,000	-35,852,000	-12,025,000	-17,119,000	-32,976,000	-52,618,000	-47,801,000	-60,721,000	-87,583,000	-86,555,000	-103,381,000	-79,054,000	-50,344,000	-33,753,000	-51,346,000	-55,981,000	-60,238,000	-25,417,000	-36,595,000	-12,936,000	-21,755,000	-55,824,000	-49,173,000	-69,364,000	-107,993,000	-103,390,000	-105,589,000	-104,646,000	-170,405,000	-132,336,000	-132,981,000	-182,044,000	-200,958,000	-186,838,000	-187,915,000	-136,578,000	-123,956,000	-112,887,000	-131,911,000	-125,269,000	-99,263,000	-65,730,000	-63,386,000	-50,866,000	-28,703,000	-32,431,000	-103,370,000	-155,039,000	-154,324,000	-142,560,000	-176,402,000	-62,397,000	-146,252,000	-76,272,000	-113,374,000
acquisition of oil and gas properties, net of purchase price adjustments	11,821,000		-134,000	842,000	-1,090,000		-21,655,000	-272,661,000	436,000
proceeds from the sale of property and equipment	5,730,000					-68,000	1,883,000								0				0	-5,000	-91,000	-267,000	1,016,000	-45,000	26,969,000	49,000	193,000	28,000	432,000	4,876,000	187,000	31,000			-500,000	145,500,000	0	35,000	1,000	149,000	5,842,000	999,000	5,000	239,000	-248,000	532,000	44,200,000	6,033,000	38,000	13,000	0	36,000	45,000	52,000	26,494,000	4,537,000	12,000	40,000	20,000	11,000	34,000	79,000	31,000	4,000	126,000	89,000
net cash from investing activities	-62,674,000	-657,967,000	-145,836,000	-109,337,000	-112,375,000	-182,088,000	-89,593,000	-329,397,000	-34,792,000	-73,934,000	-54,236,000	-22,229,000	-36,057,000	-13,503,000	-17,166,000	-31,902,000	-52,760,000	-48,511,000	-62,283,000	-89,150,000	-87,924,000	-106,354,000	-79,254,000	-50,389,000	-12,826,000	-60,723,000	-55,788,000	-60,210,000	-24,985,000	-31,719,000	-12,749,000	-21,724,000	-54,878,000	-49,173,000	-58,020,000	25,663,000	-103,390,000	-105,554,000	-104,645,000	-170,256,000	-126,494,000	-131,982,000	-182,039,000	-200,719,000	-187,086,000	-187,383,000	-92,378,000	-117,923,000	-112,849,000	-126,898,000	-125,269,000	-99,227,000	-65,685,000	-58,334,000	-24,372,000	-24,166,000	-27,419,000	-103,330,000	-155,246,000	-200,785,000	-60,772,000	-177,346,000	-322,492,000	-128,985,000	-89,446,000	-116,763,000
cash flows from financing activities:
proceeds from bank borrowings	128,000,000	338,000,000	124,000,000	89,000,000	121,000,000	162,000,000	197,000,000	360,000,000	122,000,000	140,000,000	72,000,000	66,000,000	57,000,000	36,000,000	21,000,000	0	50,000,000	66,000,000	88,000,000	95,000,000	132,000,000	114,500,000	70,000,000	87,200,000	35,100,000	55,700,000	49,000,000	257,000,000	43,000,000	15,000,000	22,900,000	77,700,000	77,100,000	103,400,000	-151,600,000	381,900,000	141,800,000	115,300,000
payments of bank borrowings	-254,000,000	-114,000,000	-202,000,000	-72,000,000	-104,000,000	-100,000,000	-211,000,000	-66,000,000	-149,000,000	-111,000,000	-72,000,000	-68,000,000	-87,000,000	-59,000,000	-38,000,000	-20,000,000	-39,000,000	-69,000,000	-79,000,000	-53,000,000	-96,000,000	-43,500,000	-28,000,000	-58,200,000	-55,100,000	-232,700,000	-10,000,000	-218,000,000	-69,000,000		0	-47,700,000	-52,100,000	-53,700,000	146,900,000	-480,900,000	-138,500,000	-82,600,000
purchase of treasury shares	-534,000	-1,000	-16,000	-121,000	-2,945,000	7,000	-439,000	-503,000	-2,462,000	0	-9,000	-115,000	-488,000	0	-4,000	-3,000	-83,000	-89,000	-5,000	-58,000	-260,000	0	0	-128,000	-290,000	-159,000	0	-351,000	-267,000	-4,000	-4,000	0	4,000	-154,000	-111,000	-58,000	-41,000	-855,000	-19,000	-61,000	-24,000	-1,409,000	-24,000	-95,000	-50,000	-2,636,000	-74,000	-30,000	-27,000	-3,262,000	-53,000	-12,000	-87,000	-1,676,000	-38,000	-189,000	-24,000	-633,000	-275,000	-1,960,000	0	-1,387,000	-60,000	-811,000	-27,000	-928,000
net cash from financing activities	-126,534,000	536,290,000	19,117,000	16,879,000	14,055,000	61,893,000	-14,460,000	286,446,000	-29,579,000	-8,011,000	12,747,000	-4,515,000	-30,488,000	-23,031,000	-17,004,000	-20,003,000	10,917,000	-3,089,000	8,995,000	41,942,000	35,740,000	70,728,000	41,988,000	28,872,000	-19,899,000	14,882,000	38,936,000	34,439,000	13,114,000	14,996,000	21,023,000	30,000,000	24,433,000	49,848,000	-4,811,000	-99,058,000	3,259,000	32,669,000	21,985,000	82,939,000	50,276,000	69,837,000	89,637,000	102,693,000	72,000	-1,307,000	243,538,000	82,000	221,000	-1,520,000	140,885,000	-3,439,000	357,000	-345,000	-17,283,000	-38,485,000	-8,630,000	56,091,000	63,802,000	-7,268,000	-95,158,000	39,367,000	188,821,000	-784,000	-26,389,000	32,701,000
net increase in cash, cash equivalents and restricted cash	477,000																		-483,000	2,457,000	-1,589,000		-2,289,000	6,374,000	-7,569,000
cash, cash equivalents and restricted cash at beginning of period	8,729,000
cash, cash equivalents and restricted cash at end of period	9,206,000																		-483,000	2,457,000	876,000		-2,289,000	6,374,000	457,000
supplemental disclosures of cash flow information:
cash paid during period for interest	34,072,000
non-cash investing and financing activities:
changes in capital accounts payable and capital accruals	29,194,000	-27,042,000	9,878,000	6,582,000	-3,097,000	-6,223,000	39,713,000	15,845,000	5,037,000	-15,426,000	10,086,000	4,895,000	-3,588,000	6,276,000	2,977,000	-26,629,000	-1,989,000	6,321,000	-11,384,000	-18,008,000	1,487,000	-8,711,000	18,761,000	23,122,000	12,177,000	519,000	4,019,000	-2,009,000	7,365,000
see accompanying notes to condensed consolidated financial statements.
adjustments to reconcile net income to net cash from operating activities-
deferred income tax expense
share-based compensation expense																	1,260,000	1,057,000	1,752,000	1,647,000	1,692,000	1,740,000	1,565,000	1,316,000	1,359,000	2,311,000	1,402,000	1,633,000	1,503,000	770,000	1,147,000	1,135,000	1,274,000	879,000	1,738,000	1,618,000	1,899,000	2,054,000	2,024,000	2,436,000	3,003,000	3,015,000
(gain) loss on commodity derivatives
cash settlements received (paid) on derivatives
write-down of debt issuance cost																										275,000	0	1,951,000	450,000
change in operating assets and liabilities-
increase in accounts receivable and other assets
acquisition of oil and gas properties										-38,515,000	-13,012,000	-2,000	-205,000		-47,000
payments on property sale obligations						0	0			0	0			-400,000	0	-284,000	-142,000	-710,000	-1,562,000	-1,562,000	-1,278,000	-1,704,000	-994,000	0	-6,042,000
proceeds from long-term debt																																																															0	0
payments of long-term debt																																																															0	0
net proceeds from issuances of common stock		176,000								14,200,000												0	1,000	0	708,000	-1,000	-64,000	-137,000	39,381,000		0	0	0	302,000	0	0	0	824,000	4,000	0	0	946,000	113,000	148,000	122,000	1,329,000	49,000	112,000	248,000	1,742,000	141,088,000	54,000	444,000	1,331,000	79,000	108,904,000	94,000	724,000	57,000	1,873,000	3,426,000	3,887,000	1,268,000	277,000	1,215,000	1,029,000
net proceeds from stock options exercised						0	0
payments of debt issuance costs						-114,000	-21,000	-7,090,000	-117,000	-1,211,000	0											-272,000	-13,000	0	-317,000	-5,958,000	0				-1,873,000	0																			-150,000												0	-250,000
cash, cash equivalents and restricted cash at beginning of year
cash, cash equivalents and restricted cash at end of year
supplemental disclosures of cash flows information:
non-cash equity consideration for acquisitions						7,000	0	-157,393,000	1,134,000	-73,499,000
non-cash deferred consideration for acquisitions
non-cash contingent consideration for acquisitions
see accompanying notes to consolidated financial statements.
write down of debt issuance cost							0				0				0
deposit and other fees for oil and gas property transaction
net increase in cash and cash equivalents			595,000	-1,065,000	1,375,000	-1,132,000	-7,484,000	7,763,000	524,000		-1,075,000	-1,356,000	1,301,000		-5,388,000	-28,988,000	34,240,000									-5,055,000	6,234,000	6,459,000	-135,000	-11,678,000	22,138,000			-95,000	-8,635,000	8,477,000	473,000	-3,186,000			11,090,000	78,000							12,534,000	-66,603,000			4,383,000	632,000	38,315,000	-77,000	-3,303,000	3,251,000	-8,518,000	-4,346,000	2,991,000	4,533,000	-6,088,000	4,495,000	4,253,000	1,905,000
cash and cash equivalents at beginning of period			0	0	792,000		0	0	1,121,000		0	0	2,118,000		0	0	1,358,000									0	0	0	303,000	29,460,000	0	0	0	406,000	0	0	0	3,277,000	0	0	0	170,000	0	0	0	251,696,000		0	0	86,367,000		0	0	38,469,000		0	0	283,000		0	0	5,623,000		0	0	1,058,000
cash and cash equivalents at end of period			595,000	-1,065,000	2,167,000		-7,484,000	7,763,000	1,645,000		-1,075,000	-1,356,000	3,419,000		-5,388,000	-28,988,000	35,598,000									-5,055,000	6,234,000	6,459,000	168,000	17,782,000	22,138,000	7,247,000	-236,000	311,000	-8,635,000	8,477,000	473,000	91,000	3,180,000	-11,241,000	11,090,000	248,000	-1,480,000	-30,021,000	-95,118,000	126,789,000		-16,299,000	12,534,000	19,764,000		-37,976,000	4,383,000	39,101,000		-77,000	-3,303,000	3,534,000		-4,346,000	2,991,000	10,156,000		4,495,000	4,253,000	2,963,000
cash paid during period for interest, net of amounts capitalized			18,830,000	16,906,000	16,434,000		10,473,000	6,412,000	5,816,000		6,995,000	6,858,000	6,424,000	6,639,000	7,284,000	6,958,000	8,048,000	8,236,000	9,044,000	8,825,000	8,303,000	7,174,000	6,694,000	5,756,000	5,170,000	-962,000	2,543,000	5,888,000	2,959,000	4,793,000	1,120,000	26,524,000	9,509,000	25,979,000	8,950,000	25,952,000	9,721,000	26,310,000	9,080,000	25,282,000	8,082,000	24,626,000	7,736,000	18,477,000	7,283,000	13,415,000		8,522,000	7,430,000	8,741,000		8,796,000	7,385,000	1,340,000		5,611,000	8,927,000	5,652,000		5,089,000	9,849,000	6,872,000		3,733,000	10,768,000	4,507,000
accrued other fees for oil and gas property transaction
cash settlements (paid) received on derivatives
cash, cash equivalents at beginning of year
cash, cash equivalents at end of year
write-down of oil and gas properties														0	0	260,342,000	95,606,000													77,732,000	477,491,000	321,522,000	260,504,000	502,569,000																					0	0	0	79,312,000
net increase in cash and cash equivalents and restricted cash
change in operating assets and liabilities
acquisition of producing properties
proceeds from (adjustments to) the sale of property and equipment
cash paid during period for income taxes																															0				0	0			9,000	30,000			0	50,000				150,000	200,000	1,420,000		0				3,000				5,500,000				0	7,000	1,000,000
deferred income tax benefit
transfer of company funds in restricted cash
changes in other long-term liabilities for capital expenditures																						-1,250,000	-1,250,000	-1,250,000	-1,250,000
transfer of company funds from restricted cash
cash, cash equivalents and restricted cash, at beginning of period																			0	0	2,465,000		0	0	8,026,000
see accompanying notes to condensed consolidated financial statements
proceeds from long-term debt issuances
transfer of company funds to restricted cash
accretion of asset retirement obligation																														1,291,000	1,416,000	1,410,000	1,381,000	1,365,000	1,466,000	1,445,000	1,415,000	1,386,000	1,449,000	1,478,000	1,479,000	1,775,000	1,656,000	1,191,000	1,162,000	1,112,000	1,088,000	1,183,000	1,163,000	1,136,000	1,029,000	998,000	975,000	954,000	755,000	732,000	717,000	702,000	526,000	511,000	467,000	454,000	267,000	388,000	396,000	386,000
gain on derivatives																										-3,448,000	1,603,000	-5,131,000	-10,937,000
reorganization items																														5,422,000
cash paid for reorganization items																														5,007,000
cash settlements on derivatives																											83,000	-1,775,000	-811,000
funds withdrawn from restricted cash account																																			19,493,000
funds deposited into restricted cash account																																			-7,649,000
change in assets and liabilities-
increase in accounts receivable																																					4,467,000	-2,335,000	-2,083,000			-5,191,000				3,193,000				-13,612,000				-713,000									-15,307,000	310,000	4,284,000	1,599,000
net decrease in cash and cash equivalents																																												-30,021,000	-95,118,000	-124,907,000
gain from discontinued operations, net of taxes
cash from operating activities – continuing operations																																											90,922,000	68,005,000	91,896,000	63,783,000	84,544,000	101,573,000	125,225,000	61,716,000	65,255,000	64,723,000	69,753,000	59,265,000	80,000,000	62,603,000	32,839,000	50,734,000	82,702,000	204,582,000	155,053,000	139,690,000
cash used by operating activities – discontinued operations
cash from investing activities – continuing operations																																											-182,039,000	-200,719,000	-187,086,000	-187,383,000	-92,378,000	-117,923,000	-112,849,000	-131,898,000	-125,269,000	-99,227,000	-65,685,000	-63,334,000	-24,372,000	-24,166,000	-32,419,000	-103,330,000	-155,019,000	-200,785,000	-142,526,000	-176,323,000
cash from investing activities – discontinued operations																																															0	0	0	5,000,000	0	0	0	5,000,000	0	0			-227,000	0	81,754,000	-1,023,000
net proceeds from bank borrowings																																							22,000,000	83,000,000	50,300,000	70,300,000	-63,240,000															56,000,000				36,400,000				32,600,000
cash from financing activities – continuing operations																																											89,637,000	102,693,000	72,000	-1,307,000	243,538,000	82,000	221,000	-1,520,000	140,885,000	-3,439,000	357,000	-345,000	-17,283,000	-38,485,000	-8,630,000	56,091,000	63,802,000	-7,268,000	-95,158,000	39,367,000
cash from financing activities – discontinued operations
decrease in income taxes payable																																								-30,000				-50,000				-17,000				3,000				-52,000				0
decrease in accrued interest																																										-8,303,000				-594,000
decrease in accounts receivable																																												1,884,000				5,012,000				-1,114,000						2,648,000				2,272,000
plus (gain) income from discontinued operations, net of taxes
less gain from discontinued operations, net of taxes
stock-based compensation expense																																												3,381,000	3,552,000	3,629,000	3,344,000	3,342,000	3,255,000	2,684,000	2,706,000	2,645,000	2,541,000	2,364,000	2,378,000	2,209,000	2,616,000	2,029,000	3,018,000	2,648,000	3,333,000	2,632,000	2,534,000	2,636,000	2,716,000	2,431,000
cash from operating activities – discontinued operations																																															-7,000	-31,000	-63,000	99,000	-12,000	-33,000	-42,000	46,000	-30,000	-29,000	-93,000	-244,000	224,000	-875,000	3,868,000	2,822,000
less (gain) from discontinued operations, net of taxes
plus income from discontinued operations, net of taxes																																																		68,000	19,000	73,000	54,000	35,000	39,000	32,000	57,000	126,000
decrease in accounts payable and accrued liabilities																																														-7,913,000				-3,112,000		4,968,000										-950,000				-7,261,000
adjustments to reconcile net income to net cash from operation activities -
debt retirement cost – cash and non-cash																																																															0	0
acquisition of properties
net payments of bank borrowings																																																																0
payments of debt retirement costs																																																															0	0
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
cash paid during year for interest, net of amounts capitalized
cash paid during year for income taxes
plus loss (less income) from discontinued operations, net of taxes
adjustments to reconcile net income to net cash from operating activities -
payment of debt issuance costs
minus income (plus loss) from discontinued operations, net of taxes
excess tax benefits from stock-based awards																																																											-80,000	419,000	616,000	467,000
net cash received as operator of partnerships and joint ventures																																																																0
net proceeds from (payments of) bank borrowings
acquisitions of oil and gas properties
net income loss)
plus (income) income from discontinued operations, net of taxes																																																											212,000	348,000	1,326,000	1,474,000
net cash received as operator of partnerships
and joint ventures																																																																		467,000
debt retirement costs – cash and non-cash
net payments from bank borrowings																																																												-7,600,000
net cash received (distributed) as operator of partnerships
adjustments to reconcile net income to net cash provided
by operating activities-
net cash distributed as operator of oil and gas properties																																																																	-13,318,000	-3,945,000
cumulative effect of change in accounting principle
debt retirement cost — cash and non-cash
acquisition of south bearhead creek fields
acquisition of bay de chene and cote blanche island fields
net cash received as operator of oil and gas properties

SilverBow Resources, Inc(NYSE:SBOW)

SilverBow Resources, Inc
(NYSE:SBOW)