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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,061 $ 0
Accounts receivable:    
Joint owners 992 677
Oil and gas production sales 8,316 11,595
Other 0 1,252
Total accounts receivable 9,308 13,524
Derivative asset 2,320 54
Assets held for sale 0 9,685
Other current assets 597 676
Total current assets 13,286 23,939
Oil and gas properties, full cost method of accounting:    
Proved 804,863 794,634
Other property and equipment 38,747 38,569
Total 843,610 833,203
Less accumulated depreciation, depletion, and amortization (702,653) (696,892)
Total property and equipment, net 140,957 136,311
Deferred financing fees, net 691 818
Derivative asset 1,342 0
Other assets 340 580
Total assets 156,616 161,648
Current liabilities:    
Accounts payable 16,169 18,397
Joint interest oil and gas production payable 8,040 8,937
Accrued interest 9 44
Other accrued expenses 687 571
Derivative liability 495 2,382
Current maturities of long-term debt 253 786
Total current liabilities 25,653 31,117
Long-term debt – less current maturities 21,551 96,616
Other liabilities 157 157
Derivative liability long-term 2,319 6,630
Future site restoration 8,748 8,623
Total liabilities 58,428 143,143
Commitments and contingencies (Note 7)
Stockholders’ Equity:    
Preferred stock, par value $0.01 per share – authorized 1,000,000 shares; -0- shares issued and outstanding 0 0
Common stock, par value $0.01 per share, authorized 200,000,000 shares; 163,846,651 and 135,094,017 issued and outstanding, respectively 1,638 1,351
Additional paid-in capital 409,688 343,982
Accumulated deficit (313,138) (326,828)
Total stockholders’ equity 98,188 18,505
Total liabilities and stockholders’ equity $ 156,616 $ 161,648