XML 68 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 3,137 $ 5,355
Accounts receivable    
Oil, natural gas liquid and natural gas sales 15,991 15,103
Joint interest owners and other, net 1,310 4,541
Related parties 0 301
Derivative financial instruments 5,095 15,841
Prepaid expenses and other 2,208 1,966
Total current assets 27,741 43,107
Oil and gas properties, using the successful efforts method of accounting    
Proved properties 1,050,168 960,711
Unproved properties 76,462 81,850
Other property and equipment 21,401 17,727
Less accumulated depreciation, depletion, amortization and impairment (464,671) (369,529)
Property and equipment, net 683,360 690,759
Accounts receivable related party 5,816 0
Derivative financial instruments 1,754 7,302
Other non-current assets 2,108 2,944
Total assets 720,779 744,112
Current liabilities    
Accounts payable 33,355 18,260
Accounts payable – related parties 189 181
Oil, natural gas liquid and natural gas sales payable 14,811 13,022
Accrued liabilities 26,905 28,128
Derivative financial instruments 8,564 430
Current maturities of long-term debt 247,000 0
Total current liabilities 330,824 60,021
Long-term liabilities    
Long-term debt 255,068 436,882
Asset retirement obligations 7,055 7,195
Deferred tax liability, net 931 12,370
Equity warrant liability 129 366
Equity warrant liability - related parties 235 689
Derivative financial instruments 1,898 21
Other non-current liabilities 3,752 4,021
Total long-term liabilities 269,068 461,544
Commitments and contingencies
Stockholders’ equity    
Class A voting common stock, $0.001 par value, 100,000,000 shares authorized, 24,945,594 and 24,645,825 issued and outstanding, respectively 142,655 142,655
Series A-1 convertible participating preferred stock, $0.001 par value, 100,328 and 91,784 shares issued and outstanding, respectively 0 0
Additional paid-in capital 175,738 174,379
Accumulated deficit (197,506) (94,487)
Total stockholders’ equity 120,887 222,547
Total liabilities and stockholders’ equity $ 720,779 $ 744,112