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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 5,685 $ 16,631
Restricted cash 1,688 1,638
Oil and gas revenue receivable 64,123 86,487
Joint interest billing and other receivables 20,865 16,616
Derivative assets 14,480 16,865
Income tax receivable 6,431 10,091
Inventory 17,747 13,450
Other current assets 3,143 5,647
Total current assets 134,162 167,425
Oil and gas properties, net, using the full cost method of accounting:    
Proven 1,485,980 1,325,068
Property, plant and equipment, net 10,887 9,569
Other assets 10,831 10,920
Total assets 1,641,860 1,512,982
Current liabilities:    
Accounts payable 41,426 59,951
Accrued liabilities 75,806 80,268
Production taxes payable 55,048 51,352
Current portion of long-term debt 2,438  
Interest payable 20,759 24,406
Derivative liabilities 54,891  
Capital cost accrual 18,030 32,513
Total current liabilities 268,398 248,490
Long-term debt 2,176,408 2,116,211
Deferred gain on sale of liquids gathering system 99,912 105,189
Other long-term obligations 211,968 197,728
Total liabilities 2,756,686 2,667,618
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock - no par value; authorized - unlimited; issued and outstanding - 197,053,583 and 196,346,736 at June 30, 2018 and December 31, 2017, respectively 2,129,191 2,116,018
Treasury stock (49) (49)
Retained loss (3,243,968) (3,270,605)
Total shareholders' deficit (1,114,826) (1,154,636)
Total liabilities and shareholders' equity $ 1,641,860 $ 1,512,982