XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 9,290 $ 3,753
Accounts receivable, net of allowance of $448 and $448, respectively 8,908 18,146
Derivative instruments 12,860 427
Prepaid expenses and other current assets 4,444 4,438
Total current assets 35,502 26,764
Property and equipment:    
Oil and natural gas properties, full cost method of accounting, net 207,966 228,855
Other property and equipment, net 389 421
Total property and equipment, net 208,355 229,276
Right-of-use assets 2,037 1,722
Other assets 5,038 837
Total assets 250,932 258,599
Current liabilities:    
Current portion of long-term debt 97,750 115,000
Accounts payable 24,827 24,834
Accrued liabilities and other 10,810 13,972
Revenue payable 10,910 11,442
Derivative instruments 8,630 5,044
Total current liabilities 152,927 170,292
Asset retirement obligations 3,490 3,423
Long-term derivative instruments and other non-current liabilities 14,364 3,762
Long-term deferred revenue and other long-term liabilities 73,655 73,749
Total liabilities 244,436 251,226
Commitments and Contingencies - Note 19
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value per share, 150,000,000 shares authorized 95,384,194 and 91,584,460 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 10 9
Additional paid-in capital 336,236 342,382
Treasury stock, 253,598 shares at cost (997) (997)
Accumulated deficit (581,456) (579,552)
Total stockholders’ deficit (246,207) (238,158)
Total liabilities, mezzanine equity and stockholders’ deficit 250,932 258,599
Series C-1 Preferred Stock    
Current liabilities:    
Mezzanine equity: 83,379 80,446
Series C-2 Preferred Stock    
Current liabilities:    
Mezzanine equity: 19,544 18,857
Series D Preferred Stock    
Current liabilities:    
Mezzanine equity: 29,978 29,082
Series E Preferred Stock    
Current liabilities:    
Mezzanine equity: 67,609 66,285
Series F Preferred Stock    
Current liabilities:    
Mezzanine equity: $ 52,193 $ 50,861