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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 13,291 $ 22,595
Accounts receivable:    
Accounts receivable, gross 46,085 50,744
Allowance for credit losses (2,768) (1,097)
Accounts receivable, net 43,317 49,647
Inventories, net 2,842 3,730
Prepaid expenses 2,981 3,471
Derivative instruments 48,458 947
Total current assets 110,889 80,390
Property and equipment, net 8,603 9,217
Right of use assets from operating leases 2,097 2,444
Oil and natural gas properties, using the full cost method:    
Proved 1,348,229 1,276,036
Unevaluated (excluded from the amortization base) 354,547 371,229
Accumulated depreciation, depletion, amortization and impairment (848,002) (754,379)
Total oil and natural gas properties 854,774 892,886
Held for sale assets 164 2,860
Derivative instruments 4,663 0
Other assets 2,136 635
Total assets 983,326 988,432
Current liabilities:    
Accounts payable and accrued liabilities 65,966 64,558
Accrued payroll and benefits payable 6,514 10,963
Accrued interest payable 5,650 12,227
Revenue distribution payable 21,752 22,370
Long-term debt and financing leases, classified as current 497 594
Derivative instruments 0 11,957
Total current liabilities 100,379 122,669
Long-term debt and financing leases, less current maturities 436,755 421,392
Derivative instruments 0 5,075
Noncurrent operating lease obligations 579 917
Deferred compensation 467 165
Asset retirement obligations 22,544 21,073
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, 5,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $0.01 par value, 192,130,071 shares authorized; 48,390,691 issued and 47,915,880 outstanding at March 31, 2020 and 48,413,185 issued and 47,942,230 outstanding at December 31, 2019 484 485
Additional paid in capital 977,879 977,174
Treasury stock, at cost, 474,811 and 470,955 shares as of March 31, 2020, and December 31, 2019 (6,116) (6,110)
Accumulated deficit (549,645) (554,408)
Total stockholders’ equity 422,602 417,141
Total liabilities and stockholders’ equity $ 983,326 $ 988,432