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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1 $ 0
Accounts receivable, net of allowance for doubtful accounts of $2,303 at March 31, 2020 and $1,103 at December 31, 2019 48,602 71,867
Derivative instruments 169,859 9,166
Other current assets 19,730 19,399
Total current assets 238,192 100,432
Noncurrent assets:    
Oil and natural gas properties 1,357,496 1,675,717
Accumulated depletion and amortization (146,158) (209,105)
Total oil and natural gas properties, net 1,211,338 1,466,612
Other property and equipment 109,094 135,117
Accumulated depreciation (24,819) (25,462)
Total other property and equipment, net 84,275 109,655
Derivative instruments 15,245 525
Other noncurrent assets 10,480 12,974
Total assets 1,559,530 1,690,198
Current liabilities:    
Accounts payable and accrued expenses 108,720 151,811
Derivative instruments 0 4,817
Total current liabilities 108,720 156,628
Noncurrent liabilities:    
Long-term debt 403,663 394,319
Derivative instruments 283 141
Deferred income taxes 35,404 9,057
Asset retirement obligation 134,877 124,019
Other noncurrent liabilities 26,757 33,586
Commitments and Contingencies - Note 4
Equity:    
Common stock ($.001 par value; 750,000,000 shares authorized; 84,863,263 and 84,655,222 shares issued; and 79,751,017 and 79,542,976 shares outstanding, at March 31, 2020 and December 31, 2019, respectively) 85 85
Additional paid-in-capital 904,072 901,830
Treasury stock, at cost, (5,112,246 shares at March 31, 2020 and at December 31, 2019) (49,995) (49,995)
Retained earnings (deficit) (4,336) 120,528
Total equity 849,826 972,448
Total liabilities and equity $ 1,559,530 $ 1,690,198