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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 0 $ 0
Accounts receivable, net of allowance for doubtful accounts of $2,303 at June 30, 2020 and $1,103 at December 31, 2019 48,880 71,867
Derivative instruments 84,681 9,166
Other current assets 23,041 19,399
Total current assets 156,602 100,432
Noncurrent assets:    
Oil and natural gas properties 1,383,672 1,675,717
Accumulated depletion and amortization (179,570) (209,105)
Total oil and natural gas properties, net 1,204,102 1,466,612
Other property and equipment 111,275 135,117
Accumulated depreciation (26,533) (25,462)
Total other property and equipment, net 84,742 109,655
Derivative instruments 5,268 525
Other noncurrent assets 9,788 12,974
Total assets 1,460,502 1,690,198
Current liabilities:    
Accounts payable and accrued expenses 94,687 151,811
Derivative instruments 0 4,817
Total current liabilities 94,687 156,628
Noncurrent liabilities:    
Long-term debt 394,262 394,319
Derivative instruments 366 141
Deferred income taxes 12,208 9,057
Asset retirement obligation 137,800 124,019
Other noncurrent liabilities 31,664 33,586
Commitments and Contingencies - Note 4
Equity:    
Common stock ($0.001 par value; 750,000,000 shares authorized; 84,983,120 and 84,655,222 shares issued; and 79,870,874 and 79,542,976 shares outstanding, at June 30, 2020 and December 31, 2019, respectively) 85 85
Additional paid-in-capital 908,662 901,830
Treasury stock, at cost, (5,112,246 shares at June 30, 2020 and at December 31, 2019) (49,995) (49,995)
(Deficit) retained earnings (69,237) 120,528
Total equity 789,515 972,448
Total liabilities and equity $ 1,460,502 $ 1,690,198