v3.19.1
CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and Cash Equivalents $ 3,944 $ 2,358
Accounts Receivable, Net 90,509 96,353
Advances to Operators 43 268
Prepaid Expenses and Other 12,182 12,360
Derivative Instruments 18,578 115,870
Income Tax Receivable 1,205 1,205
Total Current Assets 126,461 228,415
Oil and Natural Gas Properties, Full Cost Method of Accounting    
Proved 3,511,605 3,431,428
Unproved 6,997 4,307
Other Property and Equipment 1,003 998
Total Property and Equipment 3,519,605 3,436,732
Less – Accumulated Depreciation, Depletion and Impairment (2,278,914) (2,233,987)
Total Property and Equipment, Net 1,240,691 1,202,745
Derivative Instruments 17,839 61,843
Deferred Income Taxes 420 420
Other Noncurrent Assets, Net 10,368 10,223
Total Assets 1,395,779 1,503,645
Current Liabilities:    
Accounts Payable 154,339 135,483
Accrued Expenses 1,823 2,769
Accrued Interest 16,901 16,468
Debt Exchange Derivative 9,225 18,183
Derivative Instruments 5,882 0
Contingent Consideration 37,160 58,069
Other Current Liabilities 724 555
Total Current Liabilities 226,054 231,526
Long-term Debt, Net 839,229 830,203
Derivative Instruments 4,991 0
Asset Retirement Obligations 12,364 11,946
Other Noncurrent Liabilities 381 105
TOTAL LIABILITIES 1,083,019 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; 376,800,478 Shares Outstanding at 3/31/2019 378,333,070 Shares Outstanding at 12/31/2018 377 378
Additional Paid-In Capital 1,216,429 1,226,371
Retained Deficit (904,046) (796,884)
Total Stockholders’ Equity 312,760 429,865
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 1,395,779 $ 1,503,645

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