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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 13,473 $ 4,275
Restricted cash - other 1,454 1,693
Accounts receivable, net 16,608 28,644
Derivative contracts 2,004 114
Prepaid expenses 2,218 3,342
Assets held for sale 35,447 0
Other current assets 80 538
Total current assets 71,284 38,606
Oil and natural gas properties, using full cost method of accounting    
Proved 1,489,793 1,484,359
Unproved 22,753 24,603
Less: accumulated depreciation, depletion and impairment (1,335,830) (1,129,622)
Net oil and natural gas properties 176,716 379,340
Other property, plant and equipment, net 106,665 188,603
Other assets 766 1,140
Total assets 355,431 607,689
Current liabilities    
Accounts payable and accrued expenses 41,996 64,937
Current maturities of long-term debt 59,000 0
Asset retirement obligation 22,055 22,119
Liabilities held for sale 403 0
Other current liabilities 1,120 1,367
Total current liabilities 124,574 88,423
Long-term debt 0 57,500
Asset retirement obligation 52,879 52,897
Other long-term obligations 3,209 6,417
Total liabilities 180,662 205,237
Commitments and contingencies (Note 9)
Stockholders’ Equity    
Common stock, $0.001 par value; 250,000 shares authorized; 35,865 issued and outstanding at June 30, 2020 and 35,772 issued and outstanding at December 31, 2019 36 36
Warrants 88,520 88,520
Additional paid-in capital 1,060,019 1,059,253
Accumulated deficit (973,806) (745,357)
Total stockholders’ equity 174,769 402,452
Total liabilities and stockholders’ equity $ 355,431 $ 607,689