Table of Contents
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FRONT COVER
TABLE OF CONTENTS
CHAIRMAN’S LETTER
50 YEARS
OUR ASSETS
OUR EMPLOYEES
2016 PERFORMANCE
AWARD HIGHLIGHTS
OUR OUTLOOK
FORM 10-K
TABLE OF CONTENTS
GLOSSARY OF CRUDE OIL AND NATURAL GAS TERMS
PART I
Item 1. Business
General
Our Business Strategy
Our Business Strengths
Crude Oil and Natural Gas Operations
Proved Reserves
Developed and Undeveloped Acreage
Drilling Activity
Summary of Crude Oil and Natural Gas Properties and Projects
Production and Price History
Productive Wells
Title to Properties
Marketing and Major Customers
Competition
Regulation of the Crude Oil and Natural Gas Industry
Employees
Company Contact Information
Item 1A. Risk Factors
Item 1B. Unresolved Staff Comments
Item 2. Properties
Item 3. Legal Proceedings
Item 4. Mine Safety Disclosures
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 6. Selected Financial Data
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
Item 8. Financial Statements and Supplementary Data
Index to Consolidated Financial Statements
Report of Independent Registered Public Accounting Firm
Consolidated Balance Sheets
Consolidated Statements of Comprehensive Income (Loss)
Consolidated Statements of Shareholders’ Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
Note 1. Organization and Summary of Significant Accounting Policies
Note 2. Supplemental Cash Flow Information
Note 3. Net Property and Equipment
Note 4. Accrued Liabilities and Other
Note 5. Derivative Instruments
Note 6. Fair Value Measurements
Note 7. Long-Term Debt
Note 8. Income Taxes
Note 9. Lease Commitments
Note 10. Commitments and Contingencies
Note 11. Related Party Transactions
Note 12. Stock-Based Compensation
Note 13. Accumulated Other Comprehensive Loss
Note 14. Property Dispositions
Note 15. Crude Oil and Natural Gas Property Information
Note 16. Supplemental Crude Oil and Natural Gas Information (Unaudited)
Note 17. Quarterly Financial Data (Unaudited)
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9A. Controls and Procedures
Item 9B. Other Information
PART III
Item 10. Directors, Executive Officers and Corporate Governance
Item 11. Executive Compensation
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 13. Certain Relationships and Related Transactions, and Director Independence
Item 14. Principal Accountant Fees and Services
PART IV
Item 15. Exhibits and Financial Statement Schedules
SIGNATURES
CORPORATE INFORMATION
BACK COVER