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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and Cash Equivalents $ 61,255 $ 65,904
Accounts Receivable:    
Oil and gas sales 26,700 19,339
Joint interest operations 11,872 3,105
Derivative Financial Instruments 1,318  
Assets Held for Sale 198,615  
Other Current Assets 2,745 1,824
Total current assets 302,505 90,172
Property and Equipment:    
Oil and gas properties, successful efforts method 2,631,750 3,797,101
Other 18,918 19,590
Accumulated depreciation, depletion and amortization (2,042,739) (3,018,029)
Net property and equipment 607,929 798,662
Income Taxes Receivable 19,086  
Other Assets 899 1,040
Total Assets 930,419 889,874
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts Payable 126,034 45,311
Derivative Financial Instruments   6,030
Accrued Expenses 42,455 40,366
Total current liabilities 168,489 91,707
Long-term Debt 1,110,529 1,044,506
Deferred Income Taxes 10,266 9,126
Reserve for Future Abandonment Costs 10,407 15,804
Total liabilities 1,299,691 1,161,143
Commitments and Contingencies
Stockholders' Deficit:    
Common stock—$0.50 par, 75,000,000 shares authorized, 13,937,627 and 15,427,561 shares issued and outstanding at December 31, 2016 and 2017, respectively 7,714 6,969
Common stock warrants 3,557 5,672
Additional paid-in capital 546,696 531,924
Accumulated deficit (927,239) (815,834)
Total stockholders' deficit (369,272) (271,269)
Total liabilities and stockholders' deficit $ 930,419 $ 889,874