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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 28,191 $ 28,312
Revenue receivable 9,269 10,294
Joint interest billing receivable 7,172 7,632
Derivative asset 168 0
Other current assets 3,794 2,353
Total current assets 48,594 48,591
Oil and gas properties:    
Oil and gas properties, full cost method 1,331,930 1,323,333
Unevaluated oil and gas properties 11,909 9,015
Accumulated depreciation, depletion and amortization (1,249,300) (1,243,286)
Oil and gas properties, net 94,539 89,062
Other property and equipment 9,315 10,951
Accumulated depreciation of other property and equipment (8,560) (10,109)
Total property and equipment 95,294 89,904
Other assets 6,364 6,365
Total assets 150,252 144,860
Current liabilities:    
Accounts payable to vendors 30,808 25,265
Advances from co-owners 3,879 2,330
Oil and gas revenue payable 22,639 22,146
Accrued interest 874 2,047
Asset retirement obligation 3,291 4,160
Derivative liability 1,729 3,947
10% Senior Unsecured Notes due 2017 0 22,568
Other accrued liabilities 3,211 3,938
Total current liabilities 66,431 86,401
Multi-draw Term Loan 27,429 7,249
Asset retirement obligation 32,958 32,450
Other long-term liabilities 6,491 6,027
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $.001 par value; authorized 5,000 shares; issued and outstanding 1,495 shares 1 1
Common stock, $.001 par value; authorized 150,000 shares; issued and outstanding 21,214 and 21,197 shares, respectively 21 21
Paid-in capital 304,805 304,341
Accumulated other comprehensive loss (1,562) (4,750)
Accumulated deficit (555,626) (550,708)
Total stockholders’ equity (252,361) (251,095)
Total liabilities and stockholders’ equity 150,252 144,860
10% Senior Secured Notes due 2021 | Senior Notes    
Current liabilities:    
10% Senior Secured Notes 15,174 15,228
10% Senior Secured PIK Notes due 2021 | Payment in Kind (PIK) Note    
Current liabilities:    
10% Senior Secured Notes $ 254,130 $ 248,600