v3.20.1
BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and Cash Equivalents $ 16,068 $ 2,358
Accounts Receivable, Net 108,274 96,353
Advances to Operators 893 268
Prepaid Expenses and Other 1,964 12,361
Derivative Instruments 5,628 115,870
Income Tax Receivable 210 1,205
Total Current Assets 133,037 228,415
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 4,178,605 3,431,428
Unproved 11,047 4,307
Other Property and Equipment 2,157 997
Total Property and Equipment 4,191,809 3,436,732
Less – Accumulated Depreciation, Depletion and Impairment (2,443,216) (2,233,987)
Total Property and Equipment, Net 1,748,593 1,202,745
Derivative Instruments 8,554 61,843
Deferred Income Taxes 210 420
Other Noncurrent Assets, Net 15,071 10,222
Total Assets 1,905,465 1,503,645
Current Liabilities:    
Accounts Payable 69,395 55,015
Accrued Liabilities 110,374 83,237
Accrued Interest 11,615 16,468
Debt Exchange Derivative 0 18,183
Derivative Instruments 11,298 0
Contingent Consideration 0 58,069
Asset Retirement Obligations 795 554
Total Current Liabilities 203,477 231,526
Long-term Debt, Net 1,118,161 830,203
Derivative Instruments 8,079 0
Asset Retirement Obligations 16,759 11,946
Other Noncurrent Liabilities 345 105
TOTAL LIABILITIES 1,346,822 1,073,780
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
Preferred Stock, Par Value $0.001; 5,000,000 Authorized (12/31/2019 – 1,500,000 Shares Outstanding and 12/31/2018 – No Shares Outstanding) 2 0
Common Stock, Par Value $0.001; 675,000,000 Authorized (12/31/2019 – 406,085,183 Shares Outstanding and 12/31/2018 – 378,333,070 Shares Outstanding) 406 378
Additional Paid-In Capital 1,431,438 1,226,371
Retained Deficit (873,203) (796,884)
Total Stockholders’ Equity 558,643 429,865
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,905,465 $ 1,503,645

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