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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 36,611 $ 3,137
Accounts receivable    
Oil, natural gas liquid and natural gas sales 14,304 15,991
Joint interest owners and others, net 1,594 1,310
Derivative financial instruments 0 5,095
Prepaid expenses and other 9,936 2,208
Total current assets 62,445 27,741
Oil and gas properties, using the successful efforts method of accounting    
Proved properties 1,099,521 1,050,168
Unproved properties 77,367 76,462
Other property and equipment 21,914 21,401
Less accumulated depreciation, depletion, amortization and impairment (723,351) (464,671)
Property and equipment, net 475,451 683,360
Accounts receivable – related party 6,023 5,816
Derivative financial instruments 0 1,754
Other non-current assets 2,052 2,108
Total assets 545,971 720,779
Current liabilities    
Accounts payable 10 33,355
Accounts payable – related party 0 189
Oil, natural gas liquid and natural gas sales payable 0 14,811
Total accrued liabilities 429 26,905
Derivative financial instruments 0 8,564
Current maturities of long-term debt 285,000 247,000
Total current liabilities 285,439 330,824
Long-term liabilities    
Long-term debt 8,781 255,068
Asset retirement obligations 7,583 7,055
Deferred tax liabilities, net 0 931
Warrant liability 0 129
Warrant liability – related party 0 235
Derivative financial instruments 0 1,898
Other non-current liabilities 0 3,752
Total long-term liabilities 16,364 269,068
Total liabilities subject to compromise 309,193 0
Total liabilities 610,996 599,892
Commitments and contingencies (Note 11)
Stockholders' (deficit) equity    
Class A voting common stock, $0.001 par value, 100,000,000 shares authorized, 25,375,314 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 176,012 175,738
Accumulated deficit (383,692) (197,506)
Total stockholders' (deficit) equity (65,025) 120,887
Total liabilities and stockholders' (deficit) equity $ 545,971 $ 720,779