v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 36,506 $ 32,433
Receivables:    
Oil and natural gas sales 22,383 57,367
Joint interest and other, net 14,657 19,400
Income taxes 0 1,861
Total receivables 37,040 78,628
Prepaid expenses and other assets (Note 1) 32,566 30,691
Total current assets 106,112 141,752
Oil and natural gas properties and other, net - at cost (Note 1) 713,063 748,798
Restricted deposits for asset retirement obligations 29,912 15,806
Deferred income taxes 66,124 63,916
Other assets (Note 1) 27,535 33,447
Total assets 942,746 1,003,719
Current liabilities:    
Accounts payable 52,368 102,344
Undistributed oil and natural gas proceeds 15,776 29,450
Advance from joint interest partner 11,129 5,279
Asset retirement obligations 12,506 21,991
Accrued liabilities (Note 1) 22,668 30,896
Total current liabilities 114,447 189,960
Long-term debt: (Note 2)    
Principal 632,460 730,000
Carrying value adjustments (8,238) (10,467)
Long term debt - carrying value 624,222 719,533
Asset retirement obligations, less current portion 362,301 333,603
Other liabilities (Note 1) 28,998 9,988
Commitments and contingencies 0 0
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; 0 issued for both periods 0 0
Common stock, $0.00001 par value; 200,000 shares authorized, 144,538 issued and 141,669 outstanding at both periods 1 1
Additional paid-in capital 549,117 547,050
Retained deficit (712,173) (772,249)
Treasury stock, at cost; 2,869 shares for both dates presented (24,167) (24,167)
Total shareholders’ deficit (187,222) (249,365)
Total liabilities and shareholders’ deficit $ 942,746 $ 1,003,719

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