v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 6,551 $ 20,677
Restricted cash 0 4,005
Accounts receivable 3,276 1,527
Accounts receivable, related parties 30,992 16,022
Prepaid and other current assets 1,207 1,312
Total current assets 42,026 43,543
Property and equipment:    
Oil and natural gas properties (successful efforts), net 509,670 431,332
Other property and equipment, net 1,804 1,283
Total property and equipment, net 511,474 432,615
Other assets, net 1,692 824
Deferred tax assets 2,190 0
Total assets 557,382 476,982
Current liabilities:    
Accounts payable 34,632 31,868
Accounts payable, related parties 12 223
Derivative liabilities 22,032 10,772
Accrued liabilities and other 21,632 15,492
Accrued capital expenditures 26,791 45,045
Total current liabilities 105,099 103,400
Long-term liabilities:    
Long-term debt, net 173,066 93,199
Asset retirement obligations, net of current portion 9,957 8,522
Deferred tax liabilities 153 153
Derivative liabilities 14,890 8,008
Other 171 168
Total long-term liabilities 198,237 110,050
Total liabilities 303,336 213,450
Commitments and contingencies (Note 16)
Stockholders’ equity    
Additional paid-in capital 29,107 29,946
Total common stockholders’ equity 29,111 29,950
Noncontrolling interest (1,062) 12,054
Total stockholders' equity 109,673 122,664
Total liabilities and stockholders’ equity 557,382 476,982
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, 152,112 and 150,626 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively    
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, 152,112 and 150,626 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 144,373 140,868
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, 98,662 and 97,698 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively    
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, 98,662 and 97,698 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 81,624 80,660
Class A Common Stock; $0.0001 par value, 95,000,000 shares authorized, 6,222,299 issued and outstanding as of March 31, 2018 and December 31, 2017    
Stockholders’ equity    
Common stock 1 1
Class B Common Stock; $0.0001 par value, 30,000,000 shares authorized, 29,807,692 issued and outstanding as of March 31, 2018 and December 31, 2017    
Stockholders’ equity    
Common stock $ 3 $ 3

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