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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 0 $ 49,704
Restricted cash 325 325
Accounts receivable 33,145 29,514
Short-term derivative instruments 5,879 18,813
Prepaid expenses and other current assets 13,238 7,241
Total current assets 52,587 105,597
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 797,005 598,331
Support equipment and facilities 140,023 108,760
Other 8,045 6,625
Accumulated depreciation, depletion and impairment (141,350) (85,535)
Property and equipment, net 803,723 628,181
Long-term derivative instruments 6,364 2,469
Restricted investments 4,622 94,467
Operating lease - long term right-of-use asset 4,406 0
Other long-term assets 5,837 6,129
Total assets 877,539 836,843
Current liabilities:    
Accounts payable 8,310 2,345
Revenues payable 29,167 24,779
Accrued liabilities (see Note 16) 23,358 23,155
Short-term derivative instruments 253 139
Total current liabilities 61,088 50,418
Long-term debt (see Note 11) 285,000 294,000
Asset retirement obligations 90,466 75,867
Long-term derivative instruments 305 0
Operating lease liability 2,720 0
Other long-term liabilities 3,753 0
Total liabilities 443,332 420,285
Commitments and contingencies (see Note 18)
Stockholders' equity:    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at December 31, 2019 and preferred stock, $0.0001 par value 45,000,000 shares authorized; no shares issued and outstanding at December 31, 2018 0 0
Warrants, 9,153,522 warrants issued and outstanding at December 31, 2019 and 2,173,913 warrants issued and outstanding at December 31, 2018, respectively 4,790 4,788
Common stock, $0.01 par value: 250,000,000 shares authorized; 37,566,540 shares issued and outstanding at December 31, 2019 and common stock, $0.0001 par value 300,000,000 shares authorized; 22,181,881 shares issued and outstanding at December 31, 2018 209 3
Additional paid-in capital 424,399 355,872
Accumulated earnings 4,809 55,895
Total stockholders' equity 434,207 416,558
Total liabilities and equity $ 877,539 $ 836,843