v3.21.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 209,148 $ 43,726
Receivables:    
Oil and natural gas sales 50,220 38,830
Joint interest, net 11,750 10,840
Total receivables 61,970 49,670
Prepaid expenses and other assets (Note 1) 30,705 13,832
Total current assets 301,823 107,228
Oil and natural gas properties and other, net (Note 1) 657,657 686,878
Restricted deposits for asset retirement obligations 29,820 29,675
Deferred income taxes 107,337 94,331
Other assets (Note 1) 42,395 22,470
Total assets 1,139,032 940,582
Current liabilities:    
Accounts payable 54,624 48,612
Undistributed oil and natural gas proceeds 28,688 19,167
Asset retirement obligations 23,888 17,188
Accrued liabilities (Note 1) 100,363 29,880
Current portion of long-term debt 36,771  
Income tax payable 63 153
Total current liabilities 244,397 115,000
Long-term debt: (Note 2)    
Principal 730,689 632,460
Unamortized debt issuance costs (12,773) (7,174)
Long-term debt, net 717,916 625,286
Asset retirement obligations, less current portion 380,115 375,516
Other liabilities (Note 1) 56,259 32,938
Deferred income taxes 128 128
Commitments and contingencies (Note 11)
Shareholders' deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; 0 issued at June 30, 2021 and December 31, 2020
Common stock, $0.00001 par value; 200,000 shares authorized; 145,236 issued and 142,367 outstanding at June 30, 2021; 145,174 issued and 142,305 outstanding at December 31, 2020 1 1
Additional paid-in capital 551,260 550,339
Retained deficit (786,877) (734,459)
Treasury stock, at cost; 2,869 shares at June 30, 2021 and December 31, 2020 (24,167) (24,167)
Total shareholders' deficit (259,783) (208,286)
Total liabilities and shareholders' deficit $ 1,139,032 $ 940,582

Source