XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 7,964 $ 2,775
Accounts receivable:    
Joint owners, net 1,093 1,255
Oil and gas production sales 12,600 8,794
Other 305 0
Total accounts receivable 13,998 10,049
Derivative asset - short-term 0 9,639
Other current assets 966 1,588
Total current assets 22,928 24,051
Proved oil and gas properties, full cost method 1,164,825 1,167,333
Other property and equipment 39,204 39,456
Total 1,204,029 1,206,789
Less accumulated depreciation, depletion, amortization and impairment (1,091,722) (1,083,843)
Total property and equipment, net 112,307 122,946
Operating lease right-of-use assets 194 228
Derivative asset, long-term 0 10,281
Other assets 255 255
Total assets 135,684 157,761
Current liabilities:    
Accounts payable 2,067 6,074
Joint interest oil and gas production payable 11,607 8,795
Accrued interest 286 86
Accrued expenses 833 230
Right of use liability 41 53
Derivative liabilities - short-term 3,006 480
Termination of derivative contracts 9,944 0
Current maturities of long-term debt 209,244 202,751
Other current liabilities 214 850
Total current liabilities 237,242 219,319
Operating lease right-of-use liabilities 128 150
Future site restoration 4,771 7,360
Total liabilities 245,839 230,728
Commitments and contingencies (Note 11)
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 20,000,000 shares; 8,421,910 issued and outstanding at June 30, 2021 and December 31, 2020 84 84
Additional paid-in capital 429,983 429,476
Accumulated deficit (540,222) (502,527)
Total stockholders' deficit (110,155) (72,967)
Total liabilities and stockholders’ equity 135,684 157,761
Debt Instruments Excluding PPP Loan [Member]    
Current liabilities:    
Long-term debt – less current maturities 2,362 2,515
Paycheck Protection Program, CARES Act [Member]    
Current liabilities:    
Long-term debt – less current maturities $ 1,336 $ 1,384