v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,991 $ 20,157
Accounts receivable 34,910 32,338
Derivative assets 10,340 30,819
Prepaid and other current assets 2,393 1,371
Total current assets 50,634 84,685
Property and equipment:    
Oil and natural gas properties (successful efforts), net 744,597 666,797
Other property and equipment, net 2,984 2,592
Total property and equipment, net 747,581 669,389
Other assets, net 3,466 4,678
Derivative assets 33,105 58,314
Deferred tax assets 37,726 0
Total assets 872,512 817,066
Current liabilities:    
Accounts payable 15,922 21,013
Accounts payable, related parties 209 287
Derivative liabilities 4,016 0
Accrued liabilities and other 26,513 27,335
Accrued capital expenditures 23,031 30,529
Total current liabilities 69,691 79,164
Long-term liabilities:    
Long-term debt, net 355,511 288,298
Asset retirement obligations 14,431 13,524
Deferred tax liabilities 1,196 9,278
Derivative liabilities 1,300 696
Liability related to tax receivable agreement 53,809 3,518
Other liabilities 432 140
Total long-term liabilities 426,679 315,454
Total liabilities 496,370 394,618
Commitments and contingencies (Note 17)
Stockholders’ equity    
Additional paid-in capital 72,859 42,271
Retained earnings 11,126 26,661
Total common stockholders’ equity 83,990 68,936
Noncontrolling interest 40,575 113,770
Total stockholders’ equity 213,116 267,337
Total liabilities, mezzanine equity and stockholders’ equity 872,512 817,066
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 December 31, 2019 and 2018 163,026 155,111
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, 105,589 and 101,699 shares issued and outstanding as of December 31, 2019 and 2018, respectively 88,551 84,631
Class A Common Stock    
Stockholders’ equity    
Common stock 3 1
Class B Common Stock    
Stockholders’ equity    
Common stock $ 2 $ 3

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