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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 18,870 $ 23,264
Accounts receivable:    
Oil, natural gas, and natural gas liquids revenues 14,604 13,529
Joint interest billings and other 1,276 4,924
Prepaid expenses and other current assets 718 498
Current derivative asset 19 3,694
Total current assets 35,487 45,909
Oil and gas properties, successful efforts method:    
Proved properties 340,086 283,644
Unproved properties 59,724 34,609
Total oil and gas properties 399,810 318,253
Accumulated depreciation, depletion, and amortization (130,776) (119,920)
Net oil and gas properties 269,034 198,333
Other noncurrent assets:    
Goodwill 20,568 17,532
Office and other equipment, less accumulated depreciation of $1,315 and $1,028 at June 30, 2016 and December 31, 2015 1,705 1,934
Other noncurrent assets 1,183 1,236
TOTAL ASSETS 327,977 264,944
Current liabilities:    
Accounts payable 10,493 11,580
Accrued expenses 9,266 12,975
Revenues and royalties payable 7,795 8,576
Current porting of long-term debt 1,554  
Current derivative liability 1,463  
Advances 655 15,447
Total current liabilities 31,226 48,578
Noncurrent liabilities:    
Long-term debt 13,505 11,191
Asset retirement obligations 5,597 5,075
Noncurrent derivative liability 1,122  
Deferred tax liability 664  
Other noncurrent liabilities 198 227
Total noncurrent liabilities 21,086 16,493
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; 22,289,177 and 13,835,128 shares issued and outstanding at June 30, 2016 and December 31, 2015 23 14
Additional paid-in capital 451,462 358,086
Accumulated deficit (175,360) (157,767)
Treasury stock, 15,357 shares at June 30, 2016 and December 31, 2015 (460) (460)
Total equity 275,665 199,873
TOTAL LIABILITIES AND EQUITY $ 327,977 $ 264,944