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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 26,894 $ 16,449
Accounts receivable, net of allowance 44,076 62,120
Derivative assets 46,989 3,916
Prepayments and other current assets 5,566 3,952
Total current assets 123,525 86,437
Property and equipment - at cost, successful efforts method for oil and gas properties:    
Proved oil and gas properties 2,758,484 2,644,129
Unproved oil and gas properties, excluded from amortization 231,883 357,793
Furniture, equipment and other 30,450 29,804
Property, plant and equipment, gross 3,020,817 3,031,726
Accumulated depreciation, depletion, amortization and impairment (2,259,675) (967,552)
Total property and equipment, net 761,142 2,064,174
Derivative assets 4,591 0
Other noncurrent assets 12,955 5,441
Total 902,213 2,156,052
Current Liabilities:    
Accounts payable and accrued liabilities 47,245 71,638
Amounts payable to oil and gas property owners 33,174 37,922
Production taxes payable 22,239 61,507
Derivative liabilities 0 4,411
Total current liabilities 102,658 175,478
Long-term debt, net of debt issuance costs 760,054 758,911
Asset retirement obligations 24,413 23,491
Deferred income taxes 1,556 97,418
Other noncurrent liabilities 26,147 17,436
Commitments and contingencies (Note 11)
Stockholders’ Equity (Deficit):    
Common stock, $0.001 par value; authorized 8,000,000 shares; 4,305,252 and 4,273,391 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively, with 58,956 and 59,369 shares subject to restrictions, respectively (1) [1] 4 4
Additional paid-in capital (1) [1] 1,781,125 1,777,986
Accumulated deficit (1,793,744) (694,672)
Treasury stock, at cost: zero shares at September 30, 2020 and December 31, 2019 (1) [1] 0 0
Total stockholders’ equity (deficit) (12,615) 1,083,318
Total $ 902,213 $ 2,156,052
[1] Amounts and shares have been retroactively adjusted to reflect a 1-for-50 reverse stock split effective October 30, 2020. See Note 12 for additional information.