v3.19.3
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and Cash Equivalents $ 1,901 $ 2,358
Accounts Receivable, Net 103,226 96,353
Advances to Operators 1,314 268
Prepaid Expenses and Other 2,717 12,360
Derivative Instruments 62,531 115,870
Income Tax Receivable 420 1,205
Total Current Assets 172,110 228,415
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 4,043,897 3,431,428
Unproved 11,145 4,307
Other Property and Equipment 1,999 998
Total Property and Equipment 4,057,041 3,436,732
Less – Accumulated Depreciation, Depletion and Impairment (2,380,086) (2,233,987)
Total Property and Equipment, Net 1,676,955 1,202,745
Derivative Instruments 42,682 61,843
Deferred Income Taxes 420 420
Other Noncurrent Assets, Net 9,842 10,223
Total Assets 1,902,009 1,503,645
Current Liabilities:    
Accounts Payable 112,698 55,015
Accrued Liabilities 90,114 83,237
Accrued Interest 17,567 16,468
Debt Exchange Derivative 0 18,183
Contingent Consideration 10,058 58,069
Other Current Liabilities 387 555
Total Current Liabilities 230,824 231,526
Long-term Debt, Net 1,140,072 830,203
Asset Retirement Obligations 16,582 11,946
Other Noncurrent Liabilities 417 105
TOTAL LIABILITIES 1,387,894 1,073,780
COMMITMENTS AND CONTINGENCIES (NOTE 8)
STOCKHOLDERS’ EQUITY    
Preferred Stock, Par Value $.001; 5,000,000 Authorized, No Shares Outstanding 0 0
Common Stock, Par Value $.001; 675,000,000 Shares Authorized; 404,346,470 Shares Outstanding at 9/30/2019 378,333,070 Shares Outstanding at 12/31/2018 404 378
Additional Paid-In Capital 1,278,976 1,226,371
Retained Deficit (765,266) (796,884)
Total Stockholders’ Equity 514,114 429,865
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,902,009 $ 1,503,645

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