XML 278 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,753 $ 21,137
Accounts receivable, net of allowance of $448 and $25, respectively 18,146 20,546
Derivative instruments 427 2,551
Prepaid expenses and other current assets 4,438 1,851
Total current assets 26,764 46,085
Property and equipment:    
Oil and natural gas properties, full cost method of accounting, net 228,855 430,379
Other property and equipment, net 421 524
Total property and equipment, net 229,276 430,903
Right-of-use assets 1,722 0
Other assets 837 3,785
Total assets 258,599 480,773
Current liabilities:    
Current portion of long-term debt 115,000 0
Accounts payable 24,834 47,112
Accrued liabilities and other 13,972 14,794
Revenue payable 11,442 14,546
Derivative instruments 5,044 515
Total current liabilities 170,292 76,967
Asset retirement obligations 3,423 2,433
Long-term debt 0 157,804
Long-term derivative instruments and other non-current liabilities 3,762 4,699
Long-term deferred revenue and other long-term liabilities 73,749 52,513
Total liabilities 251,226 294,416
Commitments and Contingencies - Note 21
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value per share, 150,000,000 shares authorized 91,584,460 and 71,182,016 issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 9 7
Additional paid-in capital 342,382 321,753
Treasury stock, 253,598 shares at cost (997) (997)
Accumulated deficit (579,552) (307,431)
Total stockholders’ equity (deficit) (238,158) 13,332
Total liabilities, mezzanine equity and stockholders’ equity (deficit) 258,599 480,773
Series C-1 Preferred Stock    
Current liabilities:    
Mezzanine equity: 80,446 106,774
Series C-2 Preferred Stock    
Current liabilities:    
Mezzanine equity: 18,857 25,522
Series D Preferred Stock    
Current liabilities:    
Mezzanine equity: 29,082 40,729
Series E Preferred Stock    
Current liabilities:    
Mezzanine equity: 66,285 0
Series F Preferred Stock    
Current liabilities:    
Mezzanine equity: $ 50,861 $ 0