Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 65,709 $ 33,293
Receivables:    
Oil and natural gas sales 41,812 47,804
Joint interest and other, net 38,756 14,634
Income taxes 54,116 54,076
Total receivables 134,684 116,514
Prepaid expenses and other assets (Note 1) 53,101 76,406
Total current assets 253,494 226,213
Oil and natural gas properties and other, net - at cost (Note 1) 524,512 515,421
Restricted deposits for asset retirement obligations 16,220 15,685
Other assets (Note 1) 73,577 91,547
Total assets 867,803 848,866
Current liabilities:    
Accounts payable 97,893 82,067
Undistributed oil and natural gas proceeds 27,118 28,995
Advances from joint interest partners 39,154 20,627
Asset retirement obligations 26,335 24,994
Accrued liabilities (Note 1) 19,494 29,611
Total current liabilities 209,994 186,294
Long-term debt (Note 2) 634,415 633,535
Asset retirement obligations, less current portion 296,996 285,143
Other liabilities (Note 1) 61,385 68,690
Commitments and contingencies (Note 12)
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; 143,560 issued and 140,690 outstanding on June 30, 2019 and 143,513 issued and 140,644 outstanding on December 31, 2018 1 1
Additional paid-in capital 546,886 545,705
Retained deficit (857,707) (846,335)
Treasury stock, at cost; 2,869 shares for both dates presented (24,167) (24,167)
Total shareholders’ deficit (334,987) (324,796)
Total liabilities and shareholders’ deficit $ 867,803 $ 848,866