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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 4,812 $ 6,068
Accounts receivable:    
Oil, natural gas liquid and natural gas sales 10,398 4,680
Joint interest owners and other, net 965 867
Related parties 245 847
Derivative financial instruments 3,121 1,730
Prepaid expenses and other 5,709 2,631
Total current assets 25,250 16,823
Oil and gas properties, net, using the successful efforts method of accounting 552,919 439,228
Other property and equipment, net 12,432 1,421
Derivative financial instruments 773  
Other noncurrent assets 3,796 1,561
Restricted certificates of deposit 76 76
Total assets 595,246 459,109
Current liabilities    
Accounts payable 12,386 14,894
Accounts payable – related parties 108 1,135
Oil, natural gas liquid and natural gas sales payable 7,521 3,568
Accrued liabilities 22,365 9,947
Accrued liabilities – related parties 78 224
Derivative financial instruments 1,991 2,985
Total current liabilities 44,449 32,753
Long-term debt 286,398 204,122
Long-term debt - related parties   3,400
Deferred tax liability 21,977 38,020
Other non-current liabilities 6,241 6,052
Equity warrant liability 439 1,565
Equity warrant liability - related parties 834 2,994
Asset retirement obligations 5,097 2,683
Derivative financial instruments 2,672 1,125
Total liabilities 368,107 292,714
Commitments and contingencies
Stockholders’ equity    
Additional paid-in capital 100,146 87,260
Accumulated deficit (90,374) (63,517)
Total stockholders’ equity 152,427 166,395
Total liabilities and stockholders’ equity 595,246 459,109
Series A-2 Convertible Participating Preferred Stock    
Mezzanine equity    
Series A-2 convertible participating preferred stock, $0.001 par value, 76,577 issued and outstanding at September 30, 2017 and 0 issued and outstanding at December 31, 2016 74,712  
Class A Voting Common Stock    
Stockholders’ equity    
Common stock 142,652 $ 142,652
Series A-1 and Series B Convertible Participating Preferred Stock    
Stockholders’ equity    
Series A-1 convertible participating preferred stock, $0.001 par value and Series B convertible participating preferred stock, $0.001 par value, 5,543 shares and 2,684,632 shares issued and outstanding at September 30, 2017, respectively, 0 and 0 issued and outstanding at December 31, 2016, respectively 3  
Total stockholders’ equity $ 3