v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 5,652 $ 20,157
Accounts receivable 32,993 32,260
Accounts receivable, related parties 0 78
Derivative assets 2,293 30,819
Prepaid and other current assets 1,700 1,371
Total current assets 42,638 84,685
Property and equipment:    
Oil and natural gas properties (successful efforts), net 703,474 666,797
Other property and equipment, net 2,426 2,592
Total property and equipment, net 705,900 669,389
Other assets, net 5,355 4,678
Derivative assets 13,796 58,314
Total assets 767,689 817,066
Current liabilities:    
Accounts payable 20,525 21,013
Accounts payable, related parties 12 287
Derivative liabilities 29,680 0
Accrued liabilities and other 37,007 27,335
Accrued capital expenditures 35,147 30,529
Total current liabilities 122,371 79,164
Long-term liabilities:    
Long-term debt, net 301,590 288,298
Asset retirement obligations 13,772 13,524
Deferred tax liabilities 12,272 9,278
Derivative liabilities 641 696
Other liabilities 3,654 3,658
Total long-term liabilities 331,929 315,454
Total liabilities 454,300 394,618
Commitments and contingencies (Note 16)
Stockholders’ equity    
Additional paid-in capital 35,256 42,271
Retained earnings (accumulated deficit) (3,502) 26,661
Total common stockholders’ equity 31,758 68,936
Noncontrolling interest 39,947 113,770
Total stockholders’ equity 156,336 267,337
Total liabilities, mezzanine and stockholders’ equity 767,689 817,066
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 March 31, 2019 and December 31, 2018 157,053 155,111
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 March 31, 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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