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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 8,011 $ 11,017
Accounts receivable, net of allowance for doubtful accounts 72,045 69,821
Other current assets 7,446 6,250
Total current assets 87,502 87,088
Property and equipment, net (full cost method) 858,766 529,059
Deferred income taxes 4,790 4,943
Other assets 2,578 8,507
Total assets 953,636 629,597
Current liabilities    
Accounts payable and accrued liabilities 111,962 96,181
Derivative liabilities 80,641 27,777
Total current liabilities 192,603 123,958
Other liabilities 5,211 4,833
Derivative liabilities 37,570 13,900
Long-term debt, net 472,344 265,267
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Preferred stock of $0.01 par value – 5,000,000 shares authorized; none issued 0 0
Common stock of $0.01 par value – 45,000,000 shares authorized; 15,073,776 and 15,018,870 shares issued as of September 30, 2018 and December 31, 2017, respectively 151 150
Paid-in capital 197,000 194,123
Retained earnings 48,757 27,366
Accumulated other comprehensive income 0 0
Total shareholders’ equity 245,908 221,639
Total liabilities and shareholders’ equity $ 953,636 $ 629,597