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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,894 $ 0
Restricted cash 0 325
Accounts receivable, net 24,654 33,145
Short-term derivative instruments 78,407 5,879
Prepaid expenses and other current assets 11,426 13,238
Total current assets 116,381 52,587
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 762,149 797,005
Support equipment and facilities 141,178 140,023
Other 8,349 8,045
Accumulated depreciation, depletion and impairment (562,614) (141,350)
Property and equipment, net 349,062 803,723
Long-term derivative instruments 27,455 6,364
Restricted investments 4,622 4,622
Operating lease - long term right-of-use asset 4,076 4,406
Other long-term assets 5,529 5,837
Total assets 507,125 877,539
Current liabilities:    
Accounts payable 3,947 8,310
Revenues payable 27,121 29,167
Accrued liabilities (see Note 13) 23,900 23,358
Short-term derivative instruments 690 253
Total current liabilities 55,658 61,088
Long-term debt (see Note 8) 290,000 285,000
Asset retirement obligations 91,979 90,466
Long-term derivative instruments 1,913 305
Operating lease liability 1,901 2,720
Other long-term liabilities 3,578 3,753
Total liabilities 445,029 443,332
Commitments and contingencies (see Note 15) 0 0
Stockholders' equity:    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0 0
Warrants, 9,153,522 warrants issued and outstanding at March 31, 2020 and December 31, 2019, respectively 4,790 4,790
Common stock, $0.01 par value: 250,000,000 shares authorized; 37,568,164 and 37,566,540 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 209 209
Additional paid-in capital 423,273 424,399
Accumulated earnings (366,176) 4,809
Total stockholders' equity 62,096 434,207
Total liabilities and equity $ 507,125 $ 877,539