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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 98,348 $ 6,313
Equity securities   47,082
Accounts receivable:    
Oil, natural gas and natural gas liquids revenues 21,538 40,176
Other 481 4,496
Derivative asset 8,745 15,452
Other current assets 406 2,314
Total current assets 129,518 115,833
Oil and natural gas properties, net of accumulated depreciation, depletion and amortization; September 30, 2019, $19,362; December 31, 2018, $12,950 142,471 405,688
Assets held for sale 9,284  
Long–term derivative asset 1,933 8,499
Other assets 6,679 4,474
Total assets 289,885 534,494
Current liabilities:    
Accounts payable and accrued liabilities 24,143 26,146
Derivative liability   1,165
Other current liabilities 684  
Total current liabilities 24,827 27,311
Asset retirement obligations 101,374 117,529
Long-term debt, net   115,000
Liabilities held for sale 2,759  
Other long–term liabilities 1,638 1,036
Commitments and contingencies (Note 11)
Mezzanine equity 135 79
Stockholders’ equity:    
Common stock – $0.01 par value; 65,000,000 shares authorized; 10,213,888 shares issued and 10,179,379 shares outstanding as of September 30, 2019; 10,054,816 shares issued and 10,042,468 shares outstanding as of December 31, 2018 102 100
Additional paid-in capital 251,834 249,717
Treasury stock at cost – 34,509 shares at September 30, 2019; 12,348 shares at December 31, 2018 (542) (247)
Retained earnings (accumulated deficit) (92,242) 23,969
Total stockholders’ equity 159,152 273,539
Total liabilities and equity $ 289,885 $ 534,494