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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 904 $ 5,736
Accounts receivable:    
Revenue 12,886 20,223
Joint interest billings and other 1,552 1,218
Insurance receivable (Note 2) 522
Commodity derivative asset (Note 14) 5,915 3,517
Prepaid expenses, deposits, and other current assets 2,500 1,645
Inventory 2,512 1,149
Total current assets 26,269 34,010
Oil and gas properties, full cost method of accounting:    
Proved, net 242,144 248,455
Unproved 4,872 5,416
Other property and equipment, net 15,984 17,563
Total property and equipment, net 263,000 271,434
Investments in affiliates 625 598
Commodity derivative asset - non-current (Note 14) 1,164 3,505
Right-of-use assets (Note 8) 6,104
Other non-current assets 1,092 1,344
Total non-current assets 271,985 276,881
Total assets 298,254 310,891
Current liabilities:    
Accounts payable and accrued liabilities (Note 5) 35,157 34,816
Firm transportation contract obligations (Note 15) 5,679 6,129
Lease liability - current (Note 8) 1,625
Commodity derivative liability (Note 14) 469
Credit facilities and notes payable (Note 7) 5,788 11,910
Total current liabilities 48,718 52,855
Non-current liabilities:    
Firm transportation contract obligations (Note 15) 8,905 12,729
Lease liability - non-current (Note 8) 4,383
Commodity derivative liability - non-current (Note 14) 87
Production and property taxes payable 2,815 2,914
Asset retirement obligations (Note 6) 17,514 19,211
Credit facilities and notes payable (Note 7) 94,870 97,228
Notes payable - related party (Note 7) 44,741 49,919
Total non-current liabilities 173,315 182,001
Commitments and contingencies (Note 15)
Stockholders' equity:    
Preferred stock, $0.01 par value; liquidation preference of $524 and $224 at December 31, 2019 and 2018, respectively; authorized 1,000,000 shares, 50,000 shares issued and outstanding at December 31, 2019 and 2018, respectively 1 1
Common stock, $0.01 par value; authorized 35,000,000 shares, 7,796,085 and 7,655,759 shares issued and outstanding at December 31, 2019 and 2018, respectively 78 77
Additional paid-in capital 85,834 84,612
Accumulated deficit (35,842) (36,939)
Total Carbon stockholders' equity 50,071 47,751
Non-controlling interests 26,150 28,284
Total stockholders' equity 76,221 76,035
Total liabilities and stockholders' equity $ 298,254 $ 310,891