v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 47,574 $ 32,433
Receivables:    
Oil and natural gas sales 35,413 57,367
Joint interest and other, net 12,277 19,400
Income taxes 1,861 1,861
Total receivables 49,551 78,628
Prepaid expenses and other assets (Note 1) 78,658 30,691
Total current assets 175,783 141,752
Oil and natural gas properties and other, net - at cost (Note 1) 730,044 748,798
Restricted deposits for asset retirement obligations 15,574 15,806
Deferred income taxes 57,418 63,916
Other assets (Note 1) 30,084 33,447
Total assets 1,008,903 1,003,719
Current liabilities:    
Accounts payable 61,729 102,344
Undistributed oil and natural gas proceeds 28,176 29,450
Advances from joint interest partners 18,285 5,279
Asset retirement obligations 2,803 21,991
Accrued liabilities (Note 1) 34,428 30,896
Total current liabilities 145,421 189,960
Long-term debt: (Note 2)    
Principal 677,525 730,000
Carrying value adjustments (9,467) (10,467)
Long term debt - carrying value 668,058 719,533
Asset retirement obligations, less current portion 361,297 333,603
Other liabilities (Note 1) 16,464 9,988
Commitments and contingencies
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; 0 issued for both dates presented
Common stock, $0.00001 par value; 200,000 shares authorized; 144,538 issued and 141,669 outstanding for both dates presented 1 1
Additional paid-in capital 548,098 547,050
Retained deficit (706,269) (772,249)
Treasury stock, at cost; 2,869 shares for both dates presented (24,167) (24,167)
Total shareholders’ deficit (182,337) (249,365)
Total liabilities and shareholders’ deficit $ 1,008,903 $ 1,003,719

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