Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

The “Property and Equipment” balances on the accompanying condensed consolidated balance sheets are summarized for presentation purposes. The following is a detailed breakout of our “Property and Equipment” balances (in thousands):



	September 30, 2018			December 31, 2017
Property and Equipment
Proved oil and gas properties	$	833,202		$	658,519
Unproved oil and gas properties	54,986			50,377
Furniture, fixtures, and other equipment	3,520			3,270
Less – Accumulated depreciation, depletion, amortization & impairment	(261,763		)	(216,769		)
Property and Equipment, Net	$	629,945		$	495,397

Accounts Payable and Accrued Liabilities

The “Accounts payable and accrued liabilities” balances on the accompanying condensed consolidated balance sheets are summarized below (in thousands):



	September 30, 2018		December 31, 2017
Trade accounts payable	$	26,040	$	20,884
Accrued operating expenses	3,062		3,490
Accrued compensation costs	3,860		5,334
Asset retirement obligations – current portion	469		2,109
Accrued non-income based taxes	8,237		3,898
Accrued corporate and legal fees	2,547		2,784
Other payables	3,893		5,938
Total accounts payable and accrued liabilities	$	48,108	$	44,437

Cash, Cash Equivalents and Restricted Cash

The following table is a reconciliation of the total cash and cash equivalents and restricted cash in the accompanying condensed consolidated statement of cash flows and their corresponding balance sheet presentation (in thousands):



	September 30, 2018		December 31, 2017		September 30, 2017
Cash and cash equivalents	$	4,542	$	7,806	$	12,861
Long-term restricted cash ⁽¹⁾	—		220		220
Total cash, cash equivalents and restricted cash	$	4,542	$	8,026	$	13,081

(1) Long-term restricted cash is included in “Other Long-Term Assets” on the accompanying condensed consolidated balance sheets.