v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 78,309 $ 2,991
Accounts receivable 21,333 34,910
Derivative assets 79,907 10,340
Prepaid and other current assets 1,464 2,393
Total current assets 181,013 50,634
Property and equipment:    
Oil and natural gas properties (successful efforts), net 409,322 744,597
Other property and equipment, net 2,739 2,984
Total property and equipment, net 412,061 747,581
Derivative assets 60,784 33,105
Deferred tax assets 0 37,726
Other assets, net 5,180 3,466
Total assets 659,038 872,512
Current liabilities:    
Current portion of long-term debt, net 435,834 0
Accounts payable 10,928 15,922
Accounts payable, related parties 499 209
Derivative liabilities 2,122 4,016
Accrued liabilities and other 21,823 26,513
Accrued capital expenditures 22,613 23,031
Total current liabilities 493,819 69,691
Long-term liabilities:    
Long-term debt, net 0 355,511
Asset retirement obligations 14,671 14,431
Deferred tax liabilities 378 1,196
Derivative liabilities 3,041 1,300
Liability related to tax receivable agreement 166 53,809
Other liabilities 1,064 432
Total long-term liabilities 19,320 426,679
Total liabilities 513,139 496,370
Commitments and contingencies (Note 19)
Stockholders’ equity    
Additional paid-in capital 64,754 72,859
Retained earnings (accumulated deficit) (129,223) 11,126
Total common stockholders’ equity (deficit) (64,464) 83,990
Noncontrolling interest (49,181) 40,575
Total stockholders’ equity (deficit) (23,025) 213,116
Total liabilities, mezzanine equity and stockholders’ equity 659,038 872,512
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, 2020 and December 31, 2019 168,924 163,026
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, 107,658 and 105,589 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 90,620 88,551
Class A Common Stock    
Stockholders’ equity    
Common stock 3 3
Class B Common Stock    
Stockholders’ equity    
Common stock $ 2 $ 2

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