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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents
Accounts receivable:    
Joint owners, net 1,250 2,397
Oil and gas production sales 5,783 16,985
Other 4,499 263
Total accounts receivable 11,532 19,645
Derivative asset - short-term 34,020 83
Other current assets 1,280 1,193
Total current assets 46,832 20,921
Proved oil and gas properties, full cost method 1,166,720 1,162,094
Other property and equipment 39,304 39,295
Total 1,206,024 1,201,389
Less accumulated depreciation, depletion, amortization and impairment (908,266) (872,431)
Total property and equipment, net 297,758 328,958
Operating lease right-of-use assets 295 327
Derivative asset, long-term 36,788 4,170
Other assets 255 255
Total assets 381,928 354,631
Current liabilities:    
Accounts payable 14,594 19,280
Joint interest oil and gas production payable 8,097 18,050
Accrued interest 119 133
Accrued insurance claim and other expenses 5,355 361
Operating lease liability - current 88 98
Derivative liability short-term 800 10,688
Current maturities of long-term debt 284 280
Other current liabilities 390 582
Total current liabilities 29,727 49,472
Long-term debt – less current maturities 199,081 192,718
Operating lease liabilities - long-term 181 203
Derivative liability long-term 999
Future site restoration 7,447 7,420
Total liabilities 236,436 250,812
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
Common stock, par value $0.01 per share, authorized 400,000,000 shares; 168,069,305 and 168,361,061 issued and outstanding at March 31, 2020 and December 31, 2019, respectively 1,681 1,684
Additional paid-in capital 420,373 420,140
Accumulated deficit (276,562) (318,005)
Total stockholders’ equity 145,492 103,819
Total liabilities and stockholders’ equity $ 381,928 $ 354,631