v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,684 $ 20,157
Accounts receivable 26,810 32,260
Accounts receivable, related parties 0 78
Derivative assets 3,352 30,819
Prepaid and other current assets 1,936 1,371
Total current assets 36,782 84,685
Property and equipment:    
Oil and natural gas properties (successful efforts), net 731,636 666,797
Other property and equipment, net 2,251 2,592
Total property and equipment, net 733,887 669,389
Other assets, net 5,591 4,678
Derivative assets 29,464 58,314
Total assets 805,724 817,066
Current liabilities:    
Accounts payable 20,961 21,013
Accounts payable, related parties 63 287
Derivative liabilities 11,755 0
Accrued liabilities and other 27,570 27,335
Accrued capital expenditures 22,813 30,529
Total current liabilities 83,162 79,164
Long-term liabilities:    
Long-term debt, net 334,889 288,298
Asset retirement obligations 13,709 13,524
Deferred tax liabilities 14,101 9,278
Derivative liabilities 1,627 696
Other liabilities 3,652 3,658
Total long-term liabilities 367,978 315,454
Total liabilities 451,140 394,618
Commitments and contingencies (Note 16)
Stockholders’ equity    
Additional paid-in capital 35,957 42,271
Retained earnings 7,686 26,661
Total common stockholders’ equity 43,647 68,936
Noncontrolling interest 67,298 113,770
Total stockholders’ equity 195,576 267,337
Total liabilities, mezzanine and stockholders’ equity 805,724 817,066
Series B Preferred Stock    
Mezzanine equity    
Series B Preferred Stock; $0.0001 par value, 10.0% Redeemable, $1,000 per share liquidation preference; of the 1,000,000 shares of Preferred Stock authorized, 210,000 shares designated, 156,746 shares issued and outstanding as of June 30, 2019 and December 31, 2018 159,008 155,111
Series A Preferred Stock    
Stockholders’ equity    
Series A Preferred Stock; $0.0001 par value, 8.0% Cumulative Perpetual Convertible, $1,000 per share liquidation preference; of the 1,000,000 shares of Preferred Stock authorized, 150,000 shares designated, 101,669 shares issued and outstanding as of June 30, 2019 and December 31, 2018 84,631 84,631
Class A Common Stock    
Stockholders’ equity    
Common stock 1 1
Class B Common Stock    
Stockholders’ equity    
Common stock $ 3 $ 3

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