v3.21.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 53,359 $ 43,726
Receivables:    
Oil and natural gas sales 49,931 38,830
Joint interest, net 15,234 10,840
Total receivables 65,165 49,670
Prepaid expenses and other assets (Note 1) 15,350 13,832
Total current assets 133,874 107,228
Oil and natural gas properties and other, net – at cost: (Note 1) 668,969 686,878
Restricted deposits for asset retirement obligations 29,699 29,675
Deferred income taxes 94,535 94,331
Other assets (Note 1) 22,613 22,470
Total assets 949,690 940,582
Current liabilities:    
Accounts payable 43,714 48,612
Undistributed oil and natural gas proceeds 25,338 19,167
Asset retirement obligations 26,402 17,188
Accrued liabilities (Note 1) 64,420 29,880
Income tax payable 153 153
Total current liabilities 160,027 115,000
Long-term debt: (Note 2)    
Principal 600,460 632,460
Unamortized debt issuance costs (6,622) (7,174)
Long-term debt, net 593,838 625,286
Asset retirement obligations, less current portion 372,495 375,516
Other liabilities (Note 1) 31,780 32,938
Deferred income taxes 128 128
Commitments and contingencies (Note 10) 0 0
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; 0 issued at March 31, 2021 and December 31, 2020 0 0
Common stock, $0.00001 par value; 200,000 shares authorized; 145,174 issued and 142,305 outstanding at March 31, 2021 and at December 31, 2020 1 1
Additional paid-in capital 550,793 550,339
Retained deficit (735,205) (734,459)
Treasury stock, at cost; 2,869 shares at March 31, 2021 and December 31, 2020 (24,167) (24,167)
Total shareholders’ deficit (208,578) (208,286)
Total liabilities and shareholders’ deficit $ 949,690 $ 940,582

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