v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 56,532 $ 32,433
Receivables:    
Oil and natural gas sales 21,407 57,367
Joint interest and other, net 10,361 19,400
Income taxes 0 1,861
Total receivables 31,768 78,628
Prepaid expenses and other assets (Note 1) 23,607 30,691
Total current assets 111,907 141,752
Oil and natural gas properties and other, net - at cost (Note 1) 694,304 748,798
Restricted deposits for asset retirement obligations 30,161 15,806
Deferred income taxes 87,470 63,916
Other assets (Note 1) 25,638 33,447
Total assets 949,480 1,003,719
Current liabilities:    
Accounts payable 36,790 102,344
Undistributed oil and natural gas proceeds 20,250 29,450
Advance from joint interest partner 7,721 5,279
Asset retirement obligations 19,522 21,991
Accrued liabilities (Note 1) 44,460 30,896
Total current liabilities 128,743 189,960
Long-term debt: (Note 2)    
Principal 632,460 730,000
Carrying value adjustments (7,713) (10,467)
Long term debt - carrying value 624,747 719,533
Asset retirement obligations, less current portion 362,213 333,603
Other liabilities (Note 1) 33,263 9,988
Commitments and contingencies 0 0
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; 0 issued for dates presented 0 0
Common stock, $0.00001 par value; 200,000 shares authorized; 144,647 issued and 141,778 outstanding at September 30, 2020; 144,538 issued and 141,669 outstanding at December 31, 2019 1 1
Additional paid-in capital 550,192 547,050
Retained deficit (725,512) (772,249)
Treasury stock, at cost; 2,869 shares for both dates presented (24,167) (24,167)
Total shareholders’ deficit (199,486) (249,365)
Total liabilities and shareholders’ deficit $ 949,480 $ 1,003,719

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