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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 5,645 $ 1,618
Accounts receivable:    
Joint owners, net 6,816 14,218
Oil and gas production sales 17,873 17,789
Other 937 86
Total accounts receivable 25,626 32,093
Derivative asset 7 0
Other current assets 719 778
Total current assets 31,997 34,489
Oil and gas properties, full cost method of accounting:    
Proved 954,762 923,237
Other property and equipment 39,292 39,136
Total 994,054 962,373
Less accumulated depreciation, depletion, amortization and impairment (735,066) (724,606)
Total property and equipment, net 258,988 237,767
Deferred financing fees, net 1,380 1,285
Derivative asset 19 0
Other assets 265 265
Total assets 292,649 273,806
Current liabilities:    
Accounts payable 24,257 45,570
Joint interest oil and gas production payable 14,890 11,502
Accrued interest 187 140
Other accrued expenses 752 539
Derivative liability 14,221 10,837
Current maturities of long-term debt 264 262
Total current liabilities 54,571 68,850
Long-term debt – less current maturities 107,287 87,354
Other liabilities 132 132
Derivative liability long-term 3,750 2,387
Future site restoration 9,225 8,775
Total liabilities 174,965 167,498
Commitments and contingencies (Note 9)
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; 165,881,694 and 165,889,901 issued and outstanding at March 31, 2018 and December 31, 2017, respectively 1,659 1,659
Additional paid-in capital 416,068 415,471
Accumulated deficit (300,043) (310,822)
Total stockholders’ equity 117,684 106,308
Total liabilities and stockholders’ equity $ 292,649 $ 273,806