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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 18,702 $ 49,704
Restricted cash 325 325
Accounts receivable 22,836 29,514
Short-term derivative instruments 5,919 18,813
Prepaid expenses and other current assets 9,304 7,241
Total current assets 57,086 105,597
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 619,748 598,331
Support equipment and facilities 125,721 108,760
Other 6,831 6,625
Accumulated depreciation, depletion and impairment (109,614) (85,535)
Property and equipment, net 642,686 628,181
Long-term derivative instruments 7,485 2,469
Restricted investments 4,606 94,467
Operating lease - long term right-of-use asset 5,096 0
Other long-term assets 5,725 6,129
Total assets 722,684 836,843
Current liabilities:    
Accounts payable 6,933 2,345
Revenues payable 22,386 24,779
Accrued liabilities (see Note 13) 31,360 23,155
Short-term derivative instruments 151 139
Total current liabilities 60,830 50,418
Long-term debt (see Note 8) 175,000 294,000
Asset retirement obligations 78,417 75,867
Long-term derivative instruments 275 0
Operating lease liability 2,986 0
Other long-term liabilities 89 0
Total liabilities 317,597 420,285
Commitments and contingencies (see Note 15)
Stockholders' equity:    
Preferred stock, $0.0001 par value: 45,000,000 shares authorized; no shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 0 0
Warrants, 2,173,913 warrants issued and outstanding at June 30, 2019 and December 31, 2018, respectively 4,788 4,788
Common stock, $0.0001 par value: 300,000,000 shares authorized; 22,305,256 and 22,181,881 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 3 3
Additional paid-in capital 357,237 355,872
Accumulated earnings 43,059 55,895
Total stockholders' equity 405,087 416,558
Total liabilities and equity $ 722,684 $ 836,843