XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 13,202 $ 0
Restricted cash 0 325
Accounts receivable, net 27,132 33,145
Short-term derivative instruments 32,216 5,879
Prepaid expenses and other current assets 12,223 13,238
Total current assets 84,773 52,587
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 767,823 797,005
Support equipment and facilities 142,437 140,023
Other 8,765 8,045
Accumulated depreciation, depletion and impairment (570,237) (141,350)
Property and equipment, net 348,788 803,723
Long-term derivative instruments 9,134 6,364
Restricted investments 4,622 4,622
Operating lease - long term right-of-use asset 3,528 4,406
Other long-term assets 2,838 5,837
Total assets 453,683 877,539
Current liabilities:    
Accounts payable 5,630 8,310
Revenues payable 22,542 29,167
Accrued liabilities (see Note 13) 17,837 23,358
Short-term derivative instruments 785 253
Current portion of long-term debt (see Note 8) 20,000 0
Total current liabilities 66,794 61,088
Long-term debt (see Note 8) 265,516 285,000
Asset retirement obligations 93,568 90,466
Long-term derivative instruments 1,833 305
Operating lease liability 1,350 2,720
Other long-term liabilities 3,367 3,753
Total liabilities 432,428 443,332
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 June 30, 2020 and December 31, 2019, respectively 0 0
Warrants, 2,173,913 and 9,153,522 warrants issued and outstanding at June 30, 2020 and December 31, 2019, respectively 4,788 4,790
Common stock, $0.01 par value: 250,000,000 shares authorized; 37,612,914 and 37,566,540 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 209 209
Additional paid-in capital 423,770 424,399
Accumulated earnings (407,512) 4,809
Total stockholders' equity 21,255 434,207
Total liabilities and equity $ 453,683 $ 877,539