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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 19,344 $ 3,753
Accounts receivables, net of allowance of $1,473 and $448, respectively 7,852 18,146
Derivative instruments   427
Prepaid expenses and other current assets 1,896 4,438
Total current assets 29,092 26,764
Property and equipment:    
Oil and natural gas properties, full cost method of accounting, net 108,465 228,855
Other property and equipment, net 256 421
Total property and equipment, net 108,721 229,276
Right-of-use assets 586 1,722
Other assets 664 837
Total assets 139,063 258,599
Current liabilities:    
Current portion of long-term debt 30,000 115,000
Debtor in-possession facility 30,000  
Accounts payable 2,867 24,834
Accrued liabilities and other 10,774 13,972
Revenue payable 13,387 11,442
Derivative instruments   5,044
Total current liabilities 57,028 170,292
Asset retirement obligations 3,534 3,423
Derivative instruments   2,439
Long-term lease liabilities 325 1,323
Long-term deferred revenue and other liabilities 71,829 73,749
Total liabilities not subject to compromise 132,716 251,226
Liabilities subject to compromise 101,229  
Total liabilities 233,945 251,226
Commitments and Contingencies (Note 19)
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value per share; 150,000,000 shares authorized 95,097,919 and 91,584,460 issued and outstanding as of September 30, 2020 and December 31, 2019, respectively, of which 253,598 shares are being held in treasury stock 10 9
Additional paid-in capital 329,178 342,382
Treasury stock, 253,598 shares at cost (997) (997)
Accumulated deficit (683,110) (579,552)
Total stockholders’ equity (deficit) (354,919) (238,158)
Total liabilities, mezzanine equity and stockholders’ equity (deficit) 139,063 258,599
Mezzanine equity: 260,037 245,531
Series C-1 Preferred Stock    
Stockholders’ equity (deficit):    
Mezzanine equity: 86,382 80,446
Series C-2 Preferred Stock    
Stockholders’ equity (deficit):    
Mezzanine equity: 20,249 18,857
Series D Preferred Stock    
Stockholders’ equity (deficit):    
Mezzanine equity: 30,893 29,082
Series E Preferred Stock    
Stockholders’ equity (deficit):    
Mezzanine equity: 68,959 66,285
Series F Preferred Stock    
Stockholders’ equity (deficit):    
Mezzanine equity: $ 53,554 $ 50,861