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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 11,058 $ 8,434
Accounts receivable 2,054 1,928
Accounts receivable, related parties 5,239 4,837
Inventory 165 280
Derivative assets 1,909 247
Prepaid and other current assets 1,413 617
Total current assets 21,838 16,343
Property and Equipment    
Oil and natural gas properties (successful efforts) 313,307 262,033
Other property and equipment 3,566 3,807
Accumulated depletion, depreciation and amortization [1] (159,802) (142,467)
Total property and equipment, net 157,071 123,373
Other assets, net 750 110
Total Assets 179,659 139,826
Current Liabilities    
Accounts payable 5,446 4,658
Accounts payable, related parties 376 612
Accrued liabilities and other 13,616 7,235
Derivative liabilities 1,856
Total current liabilities 19,438 14,361
Revolving credit facility 20,000 55,000
Asset retirement obligations 4,936 5,180
Deferred income taxes 273
Other 51 65
Total liabilities 44,698 74,606
Commitments and Contingencies (Note 15)
Stockholders' Equity / Parent Net Investment    
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized, 8.000% Series A Cumulative Perpetual Convertible, $1,000 per share liquidation preference, 96,372 shares issued and outstanding as of June 30, 2017 (including a stock dividend declared on June 29, 2017, of 1,372 shares issued on July 15, 2017) 78,666
Additional paid-in capital 20,960
Accumulated deficit (457)
Total common stockholders' equity 20,507
Noncontrolling interest 35,788
Parent net investment 65,220
Total Equity / Parent Net Investment 134,961 65,220
Total Liabilities and Stockholders' Equity / Parent Net Investment 179,659 139,826
Common Class A [Member]    
Stockholders' Equity / Parent Net Investment    
Common stock 1
Common Class B [Member]    
Stockholders' Equity / Parent Net Investment    
Common stock $ 3
[1] Accumulated Depreciation, Depletion and Amortization ('DD&A') of oil and natural gas properties including impairment, if any, is $157.3 million and $139.8 million as of June 30, 2017 and December 31, 2016, respectively.

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