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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 16,801 $ 10,364
Accounts receivable, net 35,424 30,901
Prepaid expenses and other current assets 12,297 15,572
Total current assets 64,522 56,837
Property and equipment, at cost:    
Oil and natural gas properties, successful efforts method 780,757 775,167
Support equipment and facilities 142,346 142,208
Other 9,431 9,102
Accumulated depreciation, depletion and impairment (616,578) (609,231)
Property and equipment, net 315,956 317,246
Long-term derivative instruments 1,522 873
Restricted investments 4,623 4,623
Operating lease - long term right-of-use asset 2,394 2,500
Other long-term assets 2,541 2,680
Total assets 391,558 384,759
Current liabilities:    
Accounts payable 6,364 798
Revenues payable 24,944 22,563
Accrued liabilities (see Note 13) 20,550 22,677
Short-term derivative instruments 30,391 10,824
Total current liabilities 82,249 56,862
Long-term debt (see Note 8) 255,516 260,516
Asset retirement obligations 98,201 96,725
Long-term derivative instruments 5,355 847
Operating lease liability 404 266
Other long-term liabilities 3,107 3,280
Total liabilities 444,832 418,496
Commitments and contingencies (see Note 15)
Stockholders' equity (deficit):    
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at March 31, 2021 and December 31, 2020 0 0
Warrants, 2,173,913 and 2,173,913 warrants issued and outstanding at March 31, 2021 and December 31, 2020, respectively 4,788 4,788
Common stock, $0.01 par value: 250,000,000 shares authorized; 37,969,324 and 37,663,509 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 381 378
Additional paid-in capital 423,892 424,104
Accumulated earnings (deficit) (482,335) (463,007)
Total stockholders' equity (deficit) (53,274) (33,737)
Total liabilities and equity $ 391,558 $ 384,759