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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 3,767 $ 5,355
Accounts receivable    
Oil, natural gas liquid and natural gas sales 16,880 15,103
Joint interest owners and others, net 3,695 4,541
Related parties 76 301
Derivative financial instruments 3,393 15,841
Prepaid expenses and other 1,933 1,966
Total current assets 29,744 43,107
Oil and gas properties, using the successful efforts method of accounting    
Proved properties 909,077 960,711
Unproved properties 79,616 81,850
Other property and equipment 20,865 17,727
Less accumulated depreciation, depletion, amortization and impairment (346,748) (369,529)
Property and equipment, net 662,810 690,759
Deferred tax asset 552 0
Derivative financial instruments 1,524 7,302
Other non-current assets 2,357 2,944
Total assets 696,987 744,112
Current liabilities    
Accounts payable 20,113 18,260
Accounts payable – related parties 238 181
Oil, natural gas liquid and natural gas sales payable 13,549 13,022
Accrued liabilities 19,872 28,128
Derivative financial instruments 16,317 430
Total current liabilities 70,089 60,021
Long-term liabilities    
Long-term debt 448,149 436,882
Asset retirement obligations 6,751 7,195
Deferred tax liabilities, net 0 12,370
Warrant liability 402 366
Warrant liability – related parties 755 689
Derivative financial instruments 2,305 21
Other non-current liabilities 3,926 4,021
Total long-term liabilities 462,288 461,544
Commitments and contingencies (Note 12)
Stockholders' Equity    
Common stock 142,655 142,655
Series A-1 convertible participating preferred stock, $0.001 par value, 93,849 and 91,784 shares issued and outstanding, respectively 0 0
Additional paid-in capital 175,006 174,379
Accumulated deficit (153,051) (94,487)
Total stockholders' equity 164,610 222,547
Total liabilities and stockholders' equity $ 696,987 $ 744,112