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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 19,772 $ 28,312
Revenue receivable 9,605 10,294
Joint interest billing receivable 5,268 7,632
Derivative asset 966 0
Other current assets 3,612 2,353
Total current assets 39,223 48,591
Oil and gas properties:    
Oil and gas properties, full cost method 1,344,653 1,323,333
Unevaluated oil and gas properties 14,867 9,015
Accumulated depreciation, depletion and amortization (1,258,254) (1,243,286)
Oil and gas properties, net 101,266 89,062
Other property and equipment 9,336 10,951
Accumulated depreciation of other property and equipment (8,654) (10,109)
Total property and equipment 101,948 89,904
Other assets 7,402 6,365
Total assets 148,573 144,860
Current liabilities:    
Accounts payable to vendors 28,725 25,265
Advances from co-owners 4,545 2,330
Oil and gas revenue payable 18,692 22,146
Accrued interest 1,851 2,047
Asset retirement obligation 2,759 4,160
Derivative liability 457 3,947
10% Senior Unsecured Notes due 2017 0 22,568
Other accrued liabilities 1,051 3,938
Total current liabilities 58,080 86,401
Multi-draw Term Loan 27,605 7,249
Asset retirement obligation 33,759 32,450
Other long-term liabilities 7,742 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 21,219 and 21,197 shares, respectively 21 21
Paid-in capital 305,232 304,341
Accumulated other comprehensive income (loss) 320 (4,750)
Accumulated deficit (559,011) (550,708)
Total stockholders’ equity (253,437) (251,095)
Total liabilities and stockholders’ equity 148,573 144,860
10% Senior Secured Notes due 2021 | Senior Notes    
Current liabilities:    
10% Senior Secured Notes 15,008 15,228
10% Senior Secured PIK Notes due 2021 | Payment in Kind (PIK) Note    
Current liabilities:    
10% Senior Secured Notes $ 259,816 $ 248,600