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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,212 $ 12,382
Accounts receivable trade and other 20,538 27,020
Derivative financial instruments 60,359 1,215
Income tax receivable 4,811 3,555
Other current assets 4,010 3,616
Total current assets 90,930 47,788
Oil and gas properties, successful efforts method 1,145,235 1,122,908
Less: accumulated depletion, depreciation and amortization (403,500) (379,961)
Total oil and gas properties, net 741,735 742,947
Other long-term assets:    
Other property and equipment, net of accumulated depreciation of $3,017 and $3,419 1,818 1,963
Income tax receivable   1,172
Operating lease right-of-use assets 13,917 17,331
Derivative financial instruments 28,643 878
Other long-term assets 1,638 1,835
TOTAL ASSETS 878,681 813,914
Current liabilities:    
Accounts payable trade 42,176 43,284
Accrued liabilities 22,211 26,409
Derivative liabilities 3,075 4,394
Operating lease liabilities - current 5,454 7,720
Total current liabilities 72,916 81,807
Long-term liabilities:    
Long-term debt 354,210 353,490
Asset retirement obligations 4,152 3,653
Operating lease liabilities - long term 8,464 9,611
Derivative financial instruments 5,024 3,669
Deferred tax liabilities 18,787 7,138
Other long-term liabilities 957 1,149
Total long-term liabilities 391,594 378,710
Total liabilities 464,510 460,517
Commitments and contingencies (Note 14)
Stockholders' Equity:    
Common stock, $0.001 value, 100,000,000 shares authorized; 6,875,672 issued and outstanding at March 31, 2020 and 6,875,672 shares issued and outstanding at December 31, 2019. 7 7
Additional paid-in capital 633,350 633,246
Accumulated deficit (218,902) (279,144)
Accumulated other comprehensive loss (284) (712)
Total stockholders' equity 414,171 353,397
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 878,681 $ 813,914