XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 3,441 $ 5,355
Accounts receivable    
Oil, natural gas liquid and natural gas sales 16,594 15,103
Joint interest owners and others, net 5,159 4,541
Related parties 5,213 301
Derivative financial instruments 15,798 15,841
Prepaid expenses and other 2,844 1,966
Total current assets 49,049 43,107
Oil and gas properties, using the successful efforts method of accounting    
Proved properties 1,009,545 960,711
Unproved properties 80,565 81,850
Other property and equipment 21,344 17,727
Less accumulated depreciation, depletion and amortization (392,604) (369,529)
Property and equipment, net 718,850 690,759
Derivative financial instruments 9,857 7,302
Other non-current assets 2,457 2,944
Total assets 780,213 744,112
Current liabilities    
Accounts payable 34,363 18,260
Accounts payable – related parties 251 181
Oil, natural gas liquid and natural gas sales payable 15,286 13,022
Accrued liabilities 16,100 28,128
Derivative financial instruments 3,271 430
Total current liabilities 69,271 60,021
Long-term liabilities    
Long-term debt 499,772 436,882
Asset retirement obligations 7,139 7,195
Deferred tax liabilities, net 5,387 12,370
Warrant liability 162 366
Warrant liability – related parties 299 689
Derivative financial instruments 4 21
Other non-current liabilities 3,360 4,021
Total long-term liabilities 516,123 461,544
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, 98,120 and 91,784 shares issued and outstanding, respectively 0 0
Additional paid-in capital 175,709 174,379
Accumulated deficit (123,545) (94,487)
Total stockholders' equity 194,819 222,547
Total liabilities and stockholders' equity $ 780,213 $ 744,112