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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 3,340 $ 5,355
Accounts receivable    
Oil, natural gas liquid and natural gas sales 18,074 15,103
Joint interest owners and others, net 3,774 4,541
Related parties 24 301
Derivative financial instruments 7,143 15,841
Prepaid expenses and other 2,751 1,966
Total current assets 35,106 43,107
Oil and gas properties, using the successful efforts method of accounting    
Proved properties 976,638 960,711
Unproved properties 78,872 81,850
Other property and equipment 21,150 17,727
Less accumulated depreciation, depletion and amortization (368,117) (369,529)
Property and equipment, net 708,543 690,759
Derivative financial instruments 5,457 7,302
Other non-current assets 2,421 2,944
Total assets 751,527 744,112
Current liabilities    
Accounts payable 30,021 18,260
Accounts payable – related parties 195 181
Oil, natural gas liquid and natural gas sales payable 13,339 13,022
Accrued liabilities 47,019 28,128
Derivative financial instruments 10,176 430
Total current liabilities 100,750 60,021
Long-term liabilities    
Long-term debt 459,466 436,882
Asset retirement obligations 6,897 7,195
Deferred tax liabilities, net 682 12,370
Warrant liability 127 366
Warrant liability – related parties 234 689
Derivative financial instruments 1,726 21
Other non-current liabilities 3,043 4,021
Total long-term liabilities 472,175 461,544
Commitments and contingencies (Note 12)
Stockholders' Equity    
Class A voting common stock, $0.001 par value, 100,000,000 shares authorized, 24,933,853 and 24,645,825 issued and outstanding, respectively 142,655 142,655
Series A-1 convertible participating preferred stock, $0.001 par value, 95,961 and 91,784 shares issued and outstanding, respectively 0 0
Additional paid-in capital 175,709 174,379
Accumulated deficit (139,762) (94,487)
Total stockholders' equity 178,602 222,547
Total liabilities and stockholders' equity $ 751,527 $ 744,112