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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 2,736 $ 16,449
Accounts receivable, net of allowance 59,277 62,120
Derivative assets 72,236 3,916
Prepayments and other current assets 5,962 3,952
Total current assets 140,211 86,437
Property and equipment - at cost, successful efforts method for oil and gas properties:    
Proved oil and gas properties 2,749,042 2,644,129
Unproved oil and gas properties, excluded from amortization 243,309 357,793
Furniture, equipment and other 30,739 29,804
Property, plant and equipment, gross 3,023,090 3,031,726
Accumulated depreciation, depletion, amortization and impairment (2,235,234) (967,552)
Total property and equipment, net 787,856 2,064,174
Derivative assets 15,546 0
Other noncurrent assets 8,375 5,441
Total 951,988 2,156,052
Current Liabilities:    
Accounts payable and accrued liabilities 42,077 71,638
Amounts payable to oil and gas property owners 25,226 37,922
Production taxes payable 46,985 61,507
Derivative liabilities 0 4,411
Total current liabilities 114,288 175,478
Long-term debt, net of debt issuance costs 794,673 758,911
Asset retirement obligations 23,950 23,491
Deferred income taxes 2,137 97,418
Other noncurrent liabilities 14,761 17,436
Commitments and contingencies (Note 11)
Stockholders’ Equity:    
Common stock, $0.001 par value; authorized 400,000,000 shares; 215,409,996 and 213,669,597 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively, with 3,168,704 and 2,968,497 shares subject to restrictions, respectively 212 211
Additional paid-in capital 1,779,906 1,777,779
Retained earnings (accumulated deficit) (1,777,939) (694,672)
Treasury stock, at cost: zero shares at June 30, 2020 and December 31, 2019 0 0
Total stockholders’ equity 2,179 1,083,318
Total $ 951,988 $ 2,156,052