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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,142 $ 3,137
Accounts receivable    
Oil, natural gas liquid and natural gas sales 10,229 15,991
Joint interest owners and others, net 836 1,310
Derivative financial instruments 74,425 5,095
Prepaid expenses and other 2,873 2,208
Total current assets 89,505 27,741
Oil and gas properties, using the successful efforts method of accounting    
Proved properties 1,083,692 1,050,168
Unproved properties 77,162 76,462
Other property and equipment 21,424 21,401
Less accumulated depreciation, depletion, amortization and impairment (688,692) (464,671)
Property and equipment, net 493,586 683,360
Accounts receivable – related party 5,936 5,816
Derivative financial instruments 25,434 1,754
Other non-current assets 1,885 2,108
Total assets 616,346 720,779
Current liabilities    
Accounts payable 33,284 33,355
Accounts payable – related party 381 189
Oil, natural gas liquid and natural gas sales payable 15,257 14,811
Accrued liabilities 23,049 26,905
Derivative financial instruments 1,501 8,564
Current maturities of long-term debt 513,259 247,000
Total current liabilities 586,731 330,824
Long-term liabilities    
Long-term debt 9,148 255,068
Asset retirement obligations 6,888 7,055
Deferred tax liabilities, net 0 931
Warrant liability 0 129
Warrant liability – related party 1 235
Derivative financial instruments 1,896 1,898
Other non-current liabilities 1,346 3,752
Total long-term liabilities 19,279 269,068
Commitments and contingencies (Note 11)
Stockholders' Equity    
Class A voting common stock, $0.001 par value, 100,000,000 shares authorized, 25,254,029 and 24,945,594 shares issued and outstanding, respectively 142,655 142,655
Series A-1 convertible participating preferred stock, $0.001 par value, 102,585 and 100,328 shares issued and outstanding, respectively 0 0
Additional paid-in capital 175,978 175,738
Accumulated deficit (308,297) (197,506)
Total stockholders' equity 10,336 120,887
Total liabilities and stockholders' equity $ 616,346 $ 720,779