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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 41,327 $ 100,447
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 15,828 14,016
Joint interest billings and other 6,370 9,417
Prepaid expenses and other current assets 1,058 1,578
Current derivative assets 3,626 3,569
Total current assets 68,209 129,027
Oil and gas properties, successful efforts method:    
Proved properties 365,584 317,006
Unproved properties 85,971 76,791
Total oil and gas properties 451,555 393,797
Accumulated depreciation, depletion, and amortization (111,530) (97,920)
Net oil and gas properties 340,025 295,877
Other noncurrent assets:    
Goodwill 22,992 22,992
Office and other equipment, less accumulated depreciation of $879 and $474 at September 30, 2015 and December 31, 2014 2,032 2,109
Land 101 101
Noncurrent derivative assets 287  
Other noncurrent assets 1,184 1,282
TOTAL ASSETS 434,830 451,388
Current liabilities:    
Accounts payable 23,662 28,753
Accrued expenses 16,454 20,529
Revenues and royalties payable 9,947 17,364
Advances 21,600 21,398
Asset retirement obligations 341 408
Total current liabilities 72,004 88,452
Noncurrent liabilities:    
Long-term debt 11,191 11,191
Asset retirement obligations 5,822 5,670
Deferred tax liability 29,188 29,258
Other noncurrent liabilities 241 289
Total noncurrent liabilities 46,442 46,408
Total liabilities $ 118,446 $ 134,860
Commitments and Contingencies (Note 10)
Equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized; none issued or outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized; 13,835,128 shares issued and outstanding at September 30, 2015 and December 31, 2014 $ 14 $ 14
Additional paid-in capital 358,086 358,086
Accumulated deficit (41,256) (41,112)
Treasury stock, 15,414 shares at September 30, 2015 and December 31, 2014 (460) (460)
Total equity 316,384 316,528
TOTAL LIABILITIES AND EQUITY $ 434,830 $ 451,388