v3.20.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 8,512 $ 16,068
Accounts Receivable, Net 97,580 108,274
Advances to Operators 567 893
Prepaid Expenses and Other 2,216 1,964
Derivative Instruments 245,552 5,628
Income Tax Receivable 420 210
Total Current Assets 354,847 133,037
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 4,265,534 4,178,605
Unproved 10,846 11,047
Other Property and Equipment 2,156 2,157
Total Property and Equipment 4,278,536 4,191,809
Less – Accumulated Depreciation, Depletion and Impairment (2,504,735) (2,443,216)
Total Property and Equipment, Net 1,773,801 1,748,593
Derivative Instruments 94,329 8,554
Deferred Income Taxes 0 210
Other Noncurrent Assets, Net 14,409 15,071
Total Assets 2,237,386 1,905,465
Current Liabilities:    
Accounts Payable 58,447 69,395
Accrued Liabilities 101,302 110,374
Accrued Interest 9,308 11,615
Derivative Instruments 130 11,298
Current Portion of Long-term Debt 65,000 0
Other Current Liabilities 891 795
Total Current Liabilities 235,078 203,477
Long-term Debt 975,282 1,118,161
Derivative Instruments 547 8,079
Asset Retirement Obligations 17,198 16,759
Other Noncurrent Liabilities 273 345
TOTAL LIABILITIES 1,228,379 1,346,822
COMMITMENTS AND CONTINGENCIES (NOTE 8)
STOCKHOLDERS’ EQUITY    
Preferred Stock, Par Value $.001; 5,000,000 Shares Authorized; 2,294,702 Series A Shares Outstanding at 3/31/2020 1,500,000 Series A Shares Outstanding at 12/31/2019 2 2
Common Stock, Par Value $.001; 675,000,000 Shares Authorized; 405,803,181 Shares Outstanding at 3/31/2020 406,085,183 Shares Outstanding at 12/31/2019 406 406
Additional Paid-In Capital 1,513,516 1,431,438
Retained Deficit (504,917) (873,203)
Total Stockholders’ Equity 1,009,007 558,643
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 2,237,386 $ 1,905,465

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