v3.20.4
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 1,428 $ 16,068
Accounts Receivable, Net 71,015 108,274
Advances to Operators 476 893
Prepaid Expenses and Other 1,420 1,964
Derivative Instruments 51,290 5,628
Income Tax Receivable 0 210
Total Current Assets 125,629 133,037
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 4,393,533 4,178,605
Unproved 10,031 11,047
Other Property and Equipment 2,451 2,157
Total Property and Equipment 4,406,015 4,191,809
Less – Accumulated Depreciation, Depletion and Impairment (3,670,811) (2,443,216)
Total Property and Equipment, Net 735,204 1,748,593
Derivative Instruments 111 8,554
Deferred Income Taxes 0 210
Other Noncurrent Assets, Net 11,145 15,071
Total Assets 872,089 1,905,465
Current Liabilities:    
Accounts Payable 35,803 69,395
Accrued Liabilities 68,673 110,374
Accrued Interest 8,341 11,615
Derivative Instruments 3,078 11,298
Contingent Consideration 493 0
Other Current Liabilities 1,087 795
Current Portion of Long-term Debt 65,000 0
Total Current Liabilities 182,475 203,477
Long-term Debt, Net 879,843 1,118,161
Derivative Instruments 14,659 8,079
Asset Retirement Obligations 18,366 16,759
Other Noncurrent Liabilities 50 345
Total Liabilities 1,095,393 1,346,822
Commitments and Contingencies
Stockholders' Equity (Deficit)    
Preferred Stock, Par Value $0.001; 5,000,000 Authorized 2,218,732 Shares Outstanding at 12/31/2020 1,500,000 Shares Outstanding at 12/31/2019 2 2
Common Stock, Par Value $0.001; 135,000,000* Authorized; 45,908,779 Shares Outstanding at 12/31/2020 40,608,518* Shares Outstanding at 12/31/2019 [1] 448 406
Additional Paid-In Capital 1,556,602 1,431,438
Retained Deficit (1,780,356) (873,203)
Total Stockholders’ Equity (Deficit) (223,304) 558,643
Total Liabilities and Stockholders' Equity (Deficit) $ 872,089 $ 1,905,465
[1] Adjusted for the 1-for-10 reverse stock split effected on September 18, 2020.

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