v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 717 $ 11,341
Accounts receivable:    
Oil and gas sales 17,519 22,165
Joint interest billing 2,253 2,474
Other 377 1,374
Commodity derivative contracts 309 6,940
Other current assets 2,534 1,684
Total current assets 23,709 45,978
Oil and gas properties, on the basis of full-cost accounting    
Proved properties 818,013 809,272
Unproved properties not being amortized 1,869 4,050
Other property and equipment 6,340 6,345
Less accumulated depreciation, depletion, amortization and impairment (287,544) (266,198)
Net property and equipment 538,678 553,469
OTHER NONCURRENT ASSETS:    
Commodity derivative contracts   791
Right-of-use lease assets 4,648  
Other noncurrent assets 5,762 5,257
Total other noncurrent assets 10,410 6,048
TOTAL 572,797 605,495
CURRENT LIABILITIES:    
Accounts payable 3,536 6,511
Accrued liabilities 21,973 25,521
Commodity derivative contracts 908  
Lease liabilities 1,236  
Total current liabilities 27,653 32,032
LONG-TERM LIABILITIES:    
Asset retirement obligations 8,244 8,087
Commodity derivative contracts 251 80
Long-term debt 59,059 23,059
Long-term lease liabilities 4,041  
Other long-term liabilities   560
Total long-term liabilities 71,595 31,786
COMMITMENTS AND CONTINGENCIES (Note 15)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued or outstanding at March 31, 2019 and December 31, 2018
Warrants, 6,979,609 and 6,625,554 warrants outstanding at March 31, 2019 and December 31, 2018 37,329 37,329
Common stock, $0.01 par value, 250,000,000 shares authorized; 20,619,765 shares issued and 20,414,422 shares outstanding at March 31, 2019; 25,520,170 shares issued and 25,345,981 shares outstanding at December 31, 2018 206 255
Treasury stock (2,717) (2,455)
Additional paid-in-capital 481,901 531,911
Retained deficit (43,170) (25,363)
Total stockholders' equity 473,549 541,677
TOTAL $ 572,797 $ 605,495

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