XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and Cash Equivalents $ 29,324 $ 23,193
Accounts Receivable:    
Oil and gas sales 76,772 87,611
Joint interest operations 9,231 9,175
Derivative Financial Instruments 2,356 15,401
Income Taxes Receivable 10,218 10,218
Other Current Assets 6,222 13,829
Total current assets 134,123 159,427
Oil and gas properties, successful efforts method:    
Proved 1,777,325 1,682,164
Unproved 188,801 191,929
Other 4,449 4,442
Accumulated depreciation, depletion and amortization (248,017) (210,556)
Net property and equipment 1,722,558 1,667,979
Goodwill 350,214 350,214
Income Taxes Receivable 10,218 10,218
Operating Lease Right-of-Use Assets 4,773  
Other Assets 2 2
Total Assets 2,221,888 2,187,840
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts Payable 155,574 138,767
Accrued Expenses 40,505 68,086
Operating Leases 2,007  
Total current liabilities 198,086 206,853
Long-term Debt 1,265,847 1,244,363
Deferred Income Taxes 166,152 161,917
Long-term Operating Leases 2,766  
Reserve for Future Abandonment Costs 5,243 5,136
Total liabilities 1,638,094 1,618,269
Commitments and Contingencies
Stockholders' Equity:    
Common stock — $0.50 par, 155,000,000 shares authorized, 105,868,064 and 105,871,064 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 52,934 52,936
Additional paid-in capital 453,163 452,513
Accumulated earnings 77,697 64,122
Total stockholders' equity 583,794 569,571
Total liabilities and stockholders' equity $ 2,221,888 $ 2,187,840