XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,259 $ 3,137
Accounts receivable    
Oil, natural gas liquid and natural gas sales 11,681 15,991
Joint interest owners and others, net 821 1,310
Derivative financial instruments 45,502 5,095
Prepaid expenses and other 7,150 2,208
Total current assets 66,413 27,741
Oil and gas properties, using the successful efforts method of accounting    
Proved properties 1,102,958 1,050,168
Unproved properties 77,597 76,462
Other property and equipment 21,537 21,401
Less accumulated depreciation, depletion, amortization and impairment (705,182) (464,671)
Property and equipment, net 496,910 683,360
Accounts receivable – related party 5,978 5,816
Derivative financial instruments 12,447 1,754
Other non-current assets 2,232 2,108
Total assets 583,980 720,779
Current liabilities    
Accounts payable 12,896 33,355
Accounts payable – related party 269 189
Oil, natural gas liquid and natural gas sales payable 10,061 14,811
Accrued liabilities 34,098 26,905
Derivative financial instruments 2,537 8,564
Current maturities of long-term debt 531,583 247,000
Total current liabilities 591,444 330,824
Long-term liabilities    
Long-term debt 11,250 255,068
Asset retirement obligations 7,251 7,055
Deferred tax liabilities, net 0 931
Warrant liability 0 129
Warrant liability – related party 1 235
Derivative financial instruments 2,993 1,898
Other non-current liabilities 1,270 3,752
Total long-term liabilities 22,765 269,068
Commitments and contingencies (Note 11)
Stockholders' (deficit) equity    
Class A voting common stock, $0.001 par value, 100,000,000 shares authorized, 25,369,191 and 24,945,594 shares issued and outstanding, respectively 142,655 142,655
Series A-1 convertible participating preferred stock, $0.001 par value, 104,893 and 100,328 shares issued and outstanding, respectively 0 0
Additional paid-in capital 176,006 175,738
Accumulated deficit (348,890) (197,506)
Total stockholders' (deficit) equity (30,229) 120,887
Total liabilities and stockholders' (deficit) equity $ 583,980 $ 720,779