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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 10,469 $ 17,014
Restricted cash 2,596 2,291
Oil and gas revenue receivable 86,763 133,042
Joint interest billing and other receivables, net 6,701 11,348
Derivative assets 10,985 23,374
Income tax receivable   6,431
Inventory 18,277 18,757
Other current assets 2,840 2,473
Total current assets 138,631 214,730
Oil and gas properties, net, using the full cost method of accounting:    
Proven 1,543,166 1,497,727
Property, plant and equipment, net 11,178 11,635
Long-term right-of-use assets 127,861  
Other assets 13,532 9,196
Total assets 1,834,368 1,733,288
Current liabilities:    
Accounts payable 36,314 36,923
Accrued liabilities 62,999 58,574
Production taxes payable 84,108 58,365
Current portion of long-term debt 9,750 7,313
Interest payable 28,771 28,672
Lease liabilities 11,261  
Derivative liabilities 38,483 62,350
Capital cost accrual 16,966 15,014
Total current liabilities 288,652 267,211
Long-term debt    
Credit facility 38,000 104,000
Long-term debt 1,915,906 1,932,722
Add: Premium on exchange transactions 235,941 228,096
Less: Unamortized deferred financing costs and discount (54,161) (56,650)
Total long-term debt, net 2,135,686 2,208,168
Deferred gain on sale of liquids gathering system   94,636
Long-term lease liabilities 116,613  
Other long-term obligations 207,420 211,895
Total liabilities 2,748,371 2,781,910
Commitments and contingencies (Note 9)
Shareholders' equity:    
Common stock - no par value; authorized - 750,000,000; issued and outstanding - 197,383,295 at March 31, 2019 and December 31, 2018, respectively 2,138,570 2,137,443
Treasury stock (49) (49)
Retained loss (3,052,524) (3,186,016)
Total shareholders' deficit (914,003) (1,048,622)
Total liabilities and shareholders' equity $ 1,834,368 $ 1,733,288