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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 57,916 $ 40,024
Restricted cash 33,467 25,104
Accounts receivable    
Oil and natural gas revenues 85,098 95,228
Joint interest billings 34,823 67,546
Other 17,212 26,639
Derivative instruments 6,727 0
Lease and well equipment inventory 10,584 10,744
Prepaid expenses and other current assets 15,802 13,207
Total current assets 261,629 278,492
Oil and natural gas properties, full-cost method    
Evaluated 5,295,931 4,557,265
Unproved and unevaluated 902,133 1,126,992
Midstream properties 841,695 643,903
Midstream properties 29,561 27,021
Less accumulated depletion, depreciation and amortization (3,701,551) (2,655,586)
Net property and equipment 3,367,769 3,699,595
Other assets    
Derivative instruments 2,570 0
Other long-term assets 55,312 91,589
Total assets 3,687,280 4,069,676
Current liabilities    
Accounts payable 13,982 25,230
Accrued liabilities 119,158 200,695
Royalties payable 66,049 85,193
Amounts due to affiliates 4,934 19,606
Derivative instruments 45,186 1,897
Advances from joint interest owners 4,191 14,837
Amounts due to joint ventures 0 486
Other current liabilities 37,436 51,828
Total current liabilities 290,936 399,772
Long-term liabilities    
Borrowings under Credit Agreement 440,000 255,000
Borrowings under San Mateo Credit Facility 334,000 288,000
Senior unsecured notes payable 1,040,998 1,039,416
Asset retirement obligations 37,919 35,592
Derivative instruments 0 1,984
Deferred income taxes 0 37,329
Other long-term liabilities 30,402 43,131
Total long-term liabilities 1,883,319 1,700,452
Commitments and contingencies (Note 14)
Shareholders' equity    
Common stock — $0.01 par value, 160,000,000 shares authorized; 116,847,003 and 116,644,246 shares issued; and 116,844,768 and 116,642,899 shares outstanding, respectively 1,169 1,166
Additional paid-in capital 2,027,069 1,981,014
Accumulated deficit (741,705) (148,500)
Treasury stock, at cost, 2,235 and 1,347 shares, respectively (3) (26)
Total shareholders' equity 1,286,530 1,833,654
Non-controlling interest in subsidiaries 226,495 135,798
Total shareholders’ equity 1,513,025 1,969,452
Total liabilities and shareholders’ equity $ 3,687,280 $ 4,069,676