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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and Cash Equivalents $ 35,321 $ 65,904
Accounts Receivable:    
Oil and gas sales 22,547 19,339
Joint interest operations 9,554 3,105
Derivative Financial Instruments 5,229  
Other Current Assets 2,732 1,824
Total current assets 75,383 90,172
Property and Equipment:    
Oil and gas properties, successful efforts method 3,883,681 3,797,101
Other 19,598 19,590
Accumulated depreciation, depletion and amortization (3,077,800) (3,018,029)
Net property and equipment 825,479 798,662
Other Assets 969 1,040
Total Assets 901,831 889,874
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts Payable 72,455 45,311
Derivative Financial Instruments   6,030
Accrued Expenses 38,163 40,366
Total current liabilities 110,618 91,707
Long-term Debt 1,070,240 1,044,506
Deferred Income Taxes 10,077 9,126
Reserve for Future Abandonment Costs 16,203 15,804
Total liabilities 1,207,138 1,161,143
Commitments and Contingencies
Stockholders' Deficit:    
Common stock — $0.50 par, 75,000,000 shares authorized, 15,478,775 and 13,937,627 shares outstanding at June 30, 2017 and December 31, 2016, respectively 7,739 6,969
Common stock warrants 3,557 5,672
Additional paid-in capital 543,604 531,924
Accumulated deficit (860,207) (815,834)
Total stockholders' deficit (305,307) (271,269)
Total liabilities and stockholders' deficit $ 901,831 $ 889,874