v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 6,256 $ 68,498
Accounts receivable:    
Oil and gas sales 30,278 32,455
Joint interest billing 4,598 3,297
Other 298 166
Commodity derivative contracts   762
Other current assets 2,474 1,510
Total current assets 43,904 106,688
Oil and gas properties, on the basis of full-cost accounting    
Proved properties 778,741 765,308
Unproved properties not being amortized 4,383 7,065
Other property and equipment 6,243 6,508
Less accumulated depreciation, depletion, amortization and impairment (235,948) (204,419)
Net property and equipment 553,419 574,462
OTHER NONCURRENT ASSETS 5,263 6,978
TOTAL 602,586 688,128
CURRENT LIABILITIES:    
Accounts payable 19,216 11,547
Accrued liabilities 40,327 42,842
Commodity derivative contracts 11,549 3,433
Total current liabilities 71,092 57,822
LONG-TERM LIABILITIES:    
Asset retirement obligations 7,573 15,506
Commodity derivative contracts 3,293 562
Long-term debt 28,059 128,059
Other long-term liabilities 578 592
Total long-term liabilities 39,503 144,719
COMMITMENTS AND CONTINGENCIES (Note 14)
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued or outstanding at June 30, 2018 and December 31, 2017
Warrants, 6,625,554 warrants outstanding at June 30, 2018 and December 31, 2017 37,329 37,329
Common stock, $0.01 par value, 250,000,000 shares authorized; 25,386,104 shares issued and 25,256,957 shares outstanding at June 30, 2018; 25,272,969 shares issued and 25,173,346 shares outstanding at December 31, 2017 254 253
Treasury stock (2,081) (1,603)
Additional paid-in-capital 529,175 524,755
Retained deficit (72,686) (75,147)
Total stockholders' equity 491,991 485,587
TOTAL $ 602,586 $ 688,128

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