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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 43,726 $ 32,433
Receivables:    
Oil and natural gas sales 38,830 57,367
Joint interest, net 10,840 19,400
Income taxes 0 1,861
Total receivables 49,670 78,628
Prepaid expenses and other assets (Note 1) 13,832 30,691
Total current assets 107,228 141,752
Oil and natural gas properties and other, net – at cost: (Note 1) 686,878 748,798
Restricted deposits for asset retirement obligations 29,675 15,806
Deferred income taxes 94,331 63,916
Other assets (Note 1) 22,470 33,447
Total assets 940,582 1,003,719
Current liabilities:    
Accounts payable 48,612 102,344
Undistributed oil and natural gas proceeds 19,167 29,450
Advances from joint interest partners 0 5,279
Asset retirement obligations 17,188 21,991
Accrued liabilities (Note 1) 29,880 30,896
Income tax payable 153 0
Total current liabilities 115,000 189,960
Long-term debt: (Note 2)    
Principal 632,460 730,000
Carrying value adjustments (7,174) (10,467)
Long-term debt – carrying value 625,286 719,533
Asset retirement obligations, less current portion 375,516 333,603
Other liabilities (Note 1) 32,938 9,988
Deferred income taxes 128 0
Commitments and contingencies (Note 17) 0 0
Shareholders’ deficit:    
Preferred stock, $0.00001 par value; 20,000 shares authorized; 0 issued at December 31, 2020 and December 31, 2019 0 0
Common stock, $0.00001 par value; 200,000 shares authorized; 145,174 issued and 142,305 outstanding at December 31, 2020 and 144,538 issued and 141,669 outstanding at December 31, 2019 1 1
Additional paid-in capital 550,339 547,050
Retained deficit (734,459) (772,249)
Treasury stock, at cost; 2,869 shares at December 31, 2020 and December 31, 2019 (24,167) (24,167)
Total shareholders’ deficit (208,286) (249,365)
Total liabilities and shareholders’ deficit $ 940,582 $ 1,003,719