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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 5,355 $ 2,538
Accounts receivable    
Oil, natural gas liquid and natural gas sales 15,103 12,289
Joint interest owners and other, net 4,541 794
Related parties 301 162
Derivative financial instruments 15,841 472
Prepaid expenses and other 1,966 2,365
Total current assets 43,107 18,620
Proved properties 960,711 747,370
Unproved properties 81,850 81,511
Other property and equipment 17,727 15,763
Less accumulated depreciation, depletion, amortization and impairment (369,529) (274,374)
Property and equipment, net 690,759 570,270
Derivative financial instruments 7,302 0
Other non-current assets 2,944 2,918
Total assets 744,112 591,808
Current liabilities    
Accounts payable 18,260 25,901
Accounts payable – related parties 181 389
Oil, natural gas liquid and natural gas sales payable 13,022 8,747
Accrued liabilities 28,128 16,583
Derivative financial instruments 430 12,336
Total current liabilities 60,021 63,956
Long-term liabilities    
Long-term debt 436,882 301,155
Asset retirement obligations 7,195 5,649
Deferred tax liability, net 12,370 4,769
Equity warrant liability 366 508
Equity warrant liability - related parties 689 963
Derivative financial instruments 21 9,802
Other non-current liabilities 4,021 1,316
Total long-term liabilities 461,544 324,162
Commitments and contingencies
Stockholders’ equity    
Series A-1 convertible participating preferred stock, $0.001 par value, 91,784 and 83,968 shares issued and outstanding, respectively 0 0
Additional paid-in capital 174,379 174,871
Accumulated deficit (94,487) (113,836)
Total stockholders’ equity 222,547 203,690
Total liabilities and stockholders’ equity 744,112 591,808
Class A Voting Common Stock    
Stockholders’ equity    
Common stock 142,655 142,655
Class B Non-Voting Common Stock    
Stockholders’ equity    
Common stock $ 0 $ 0