Annual report pursuant to Section 13 and 15(d)

Additional Balance Sheet Detail (Tables)

v3.6.0.2
Additional Balance Sheet Detail (Tables)
12 Months Ended
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of Selected Balance Sheet Accounts
The following table summarizes components of selected balance sheet accounts as of the dates presented:
 
Successor
 
 
Predecessor
 
December 31,
 
2016
 
 
2015
Other current assets:
 

 
 
 

Tubular inventory and well materials
$
2,125

 
 
$
2,878

Prepaid expenses
903

 
 
4,184

Other

 
 
42

 
$
3,028

 
 
$
7,104

Other assets:
 

 
 
 

Deferred issuance costs of the credit facilities 1
$
2,785

 
 
$
1,572

Assets of the SERP 2

 
 
4,123

Other
2,544

 
 
2,655

 
$
5,329

 
 
$
8,350

Accounts payable and accrued liabilities:
 

 
 
 

Trade accounts payable
$
9,825

 
 
$
11,603

Drilling costs
2,479

 
 
12,074

Royalties and revenue - related
26,116

 
 
39,119

Compensation - related
2,557

 
 
9,904

Interest
55

 
 
15,531

Deferred gains on sales of assets

 
 
2,593

Firm transportation obligation

 
 
2,756

Reserve for bankruptcy claims
3,922

 
 

Other
4,743

 
 
9,945

 
$
49,697

 
 
$
103,525

Other liabilities:
 

 
 
 

Deferred gains on sales of assets
$

 
 
$
82,943

Firm transportation obligation

 
 
10,705

Asset retirement obligations
2,459

 
 
2,621

Defined benefit pension obligations
1,025

 
 
1,129

Postretirement health care benefit obligations
488

 
 
731

Compensation - related

 
 
1,447

Deferred compensation - SERP obligations and other

 
 
4,434

Other
100

 
 
928

 
$
4,072

 
 
$
104,938

____________________ 
1 The balance as of December 31, 2016 includes those costs, net of amortization, attributable to the the Credit Facility. Deferred issuance costs attributable to the RBL, which represents the amounts outstanding as of December 31, 2015, were charged in full to interest expense during the three months ended June 30, 2016 in advance of our bankruptcy filing.
2 In connection with our emergence from bankruptcy, the assets of the SERP reverted to us upon the release of claims by our employees attributable to certain deferred compensation arrangements in September 2016. The SERP assets were liquidated by the plan trustee in October 2016 and the cash value was transferred to us (See Notes 4 and 5).