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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 2,538 $ 6,068
Accounts receivable:    
Oil, natural gas liquid and natural gas sales 12,289 4,680
Joint interest owners and other, net 794 867
Related parties 162 847
Derivative financial instruments 472 1,730
Prepaid expenses and other 2,365 2,631
Total current assets 18,620 16,823
Oil and gas properties, net, using the successful efforts method of accounting 556,171 428,336
Other property and equipment, net 14,099 1,421
Other noncurrent assets 2,918 1,561
Restricted certificates of deposit   76
Total assets 591,808 448,217
Current liabilities    
Accounts payable 25,901 14,896
Accounts payable – related parties 389 1,135
Oil, natural gas liquid and natural gas sales payable 8,747 3,568
Accrued liabilities 16,583 9,947
Accrued liabilities – related parties   224
Derivative financial instruments 12,336 2,985
Total current liabilities 63,956 32,755
Long-term liabilities    
Long-term debt 301,155 204,122
Long-term debt - related parties   3,400
Deferred tax liability 4,769 33,960
Other non-current liabilities 1,316 6,052
Equity warrant liability 508 1,565
Equity warrant liability - related parties 963 2,994
Asset retirement obligations 5,649 2,683
Derivative financial instruments 9,802 1,125
Total liabilities 388,118 288,656
Commitments and contingencies
Stockholders’ equity    
Series A-1 convertible participating preferred stock, $0.001 par value, and Series B convertible participating preferred stock, $0.001 par value, 83,968 and 0 shares, respectively, issued and outstanding at December 31, 2017, and none issued and outstanding at December 31, 2016
Additional paid-in capital 174,871 87,260
Accumulated deficit (113,836) (70,351)
Total stockholders’ equity 203,690 159,561
Total liabilities and stockholders’ equity 591,808 448,217
Class A Voting Common Stock    
Stockholders’ equity    
Common stock $ 142,655 $ 142,652