v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 11,341 $ 68,498
Accounts receivable:    
Oil and gas sales 22,165 32,455
Joint interest billing 2,474 3,297
Other 1,374 166
Commodity derivative contracts 6,940 762
Other current assets 1,684 1,510
Total current assets 45,978 106,688
Oil and gas properties, on the basis of full-cost accounting    
Proved properties 809,272 765,308
Unproved properties not being amortized 4,050 7,065
Other property and equipment 6,345 6,508
Less accumulated depreciation, depletion, amortization and impairment (266,198) (204,419)
Net property and equipment 553,469 574,462
OTHER NONCURRENT ASSETS:    
Commodity derivative assets 791  
Other noncurrent assets 5,257 6,978
Total other noncurrent assets 6,048 6,978
TOTAL 605,495 688,128
CURRENT LIABILITIES:    
Accounts payable 6,511 11,547
Accrued liabilities 25,521 42,842
Commodity derivative contracts   3,433
Total current liabilities 32,032 57,822
LONG-TERM LIABILITIES:    
Asset retirement obligations 8,087 15,506
Commodity derivative contracts 80 562
Long-term debt 23,059 128,059
Other long-term liabilities 560 592
Total long-term liabilities 31,786 144,719
COMMITMENTS AND CONTINGENCIES (Note 17)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued or outstanding at December 31, 2018 and 2017
Warrants, 6,625,554 warrants outstanding at December 31, 2018 and 2017 37,329 37,329
Common stock, $0.01 par value, 250,000,000 shares authorized; 25,520,170 shares issued and 25,345,981 shares outstanding at December 31, 2018; and 25,272,969 shares issued and 25,173,346 shares outstanding at December 31, 2017 255 253
Treasury stock (2,455) (1,603)
Additional paid-in-capital 531,911 524,755
Retained deficit (25,363) (75,147)
Total stockholders' equity 541,677 485,587
TOTAL $ 605,495 $ 688,128

Source