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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 17,474 $ 3,137
Restricted cash 8,972 0
Accounts receivable    
Oil, natural gas liquid and natural gas sales 11,635 15,991
Joint interest owners and other, net 4,076 1,310
Derivative financial instruments 1,703 5,095
Prepaid expenses and other 1,118 2,208
Total current assets 44,978 27,741
Oil and gas properties, using the successful efforts method of accounting    
Proved properties 314,685 1,050,168
Unproved properties 34,929 76,462
Other property and equipment 19,680 21,401
Less accumulated depreciation, depletion, amortization and impairment (2,056) (464,671)
Property and equipment, net 367,238 683,360
Accounts receivable 6,053 0
Accounts receivable related party 0 5,816
Derivative financial instruments 395 1,754
Other non-current assets 4,651 2,108
Total assets 423,315 720,779
Current liabilities    
Accounts payable 7,651 33,355
Accounts payable – related parties 0 189
Oil, natural gas liquid and natural gas sales payable 18,760 14,811
Accrued liabilities 15,983 26,905
Derivative financial instruments 7,938 8,564
Current maturities of long-term debt 20,000 247,000
Total current liabilities 70,332 330,824
Long-term liabilities    
Long-term debt 255,328 255,068
Asset retirement obligations 4,573 7,055
Deferred tax liability, net 0 931
Equity warrant liability 0 129
Equity warrant liability - related parties 0 235
Derivative financial instruments 835 1,898
Other non-current liabilities 0 3,752
Total long-term liabilities 260,736 269,068
Commitments and contingencies
Stockholders' Equity Attributable to Parent [Abstract]    
Common stock, $0.001 par value 10 142,655
Predecessor preferred stock, $0.001 par value, 100,328 shares issued and outstanding   0
Additional paid-in Capital 92,953 175,738
Retained Earnings (Accumulated Deficit) (716) (197,506)
Total stockholders’ equity 92,247 120,887
Total liabilities and stockholders’ equity $ 423,315 $ 720,779