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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 652 $ 0
Accounts receivable:    
Joint owners, net 4,542 677
Oil and gas production sales 6,056 11,595
Other 1,031 1,252
Total accounts receivable 11,629 13,524
Derivative asset 4,508 54
Assets held for sale 0 9,685
Other current assets 631 676
Total current assets 17,420 23,939
Oil and gas properties, full cost method of accounting:    
Proved 834,566 794,634
Other property and equipment 38,758 38,569
Total 873,324 833,203
Less accumulated depreciation, depletion, amortization and impairment (707,419) (696,892)
Total property and equipment, net 165,905 136,311
Deferred financing fees, net 1,278 818
Derivative asset 2,269 0
Other assets 265 580
Total assets 187,137 161,648
Current liabilities:    
Accounts payable 29,683 18,397
Joint interest oil and gas production payable 6,176 8,937
Accrued interest 26 44
Other accrued expenses 648 571
Derivative liability 105 2,382
Current maturities of long-term debt 256 786
Total current liabilities 36,894 31,117
Long-term debt – less current maturities 34,487 96,616
Other liabilities 132 157
Derivative liability long-term 423 6,630
Future site restoration 8,839 8,623
Total liabilities 80,775 143,143
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 400,000,000 shares; 163,849,901and 135,094,017 issued and outstanding, respectively 1,638 1,351
Additional paid-in capital 410,667 343,982
Accumulated deficit (305,943) (326,828)
Total stockholders’ equity 106,362 18,505
Total liabilities and stockholders’ equity $ 187,137 $ 161,648