Investor Relations

Balance Sheet

v3.19.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 41,741 $ 33,293
Receivables:    
Oil and natural gas sales 51,626 47,804
Joint interest and other, net 30,484 14,634
Income taxes 36,910 54,076
Total receivables 119,020 116,514
Prepaid expenses and other assets (Note 1) 40,221 76,406
Total current assets 200,982 226,213
Oil and natural gas properties and other, net - at cost (Note 1) 720,951 515,421
Restricted deposits for asset retirement obligations 16,694 15,685
Deferred income taxes 55,579
Other assets (Note 1) 32,864 91,547
Total assets 1,027,070 848,866
Current liabilities:    
Accounts payable 105,922 82,067
Undistributed oil and natural gas proceeds 25,550 28,995
Advances from joint interest partners 36,473 20,627
Asset retirement obligations 23,095 24,994
Accrued liabilities (Note 1) 37,254 29,611
Total current liabilities 228,294 186,294
Long-term debt 718,949 633,535
Asset retirement obligations, less current portion 321,400 285,143
Other liabilities (Note 1) 16,267 68,690
Commitments and contingencies
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; 0 issued for both dates presented
Common stock, $0.00001 par value; 200,000 shares authorized; 143,560 issued and 140,690 outstanding on September 30, 2019 and 143,513 issued and 140,644 outstanding on December 31, 2018 1 1
Additional paid-in capital 548,134 545,705
Retained deficit (781,808) (846,335)
Treasury stock, at cost; 2,869 shares for both dates presented (24,167) (24,167)
Total shareholders’ deficit (257,840) (324,796)
Total liabilities and shareholders’ deficit $ 1,027,070 $ 848,866

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