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CONDENSED CONSOLIDATED BALANCE SHEETS - unaudited - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 55,331 $ 7,798
Accounts receivable, net of allowance for credit losses 34,652 70,716
Derivative assets 233,442 4,131
Income taxes receivable 2,471 1,236
Other current assets 4,765 4,458
Total current assets 330,661 88,339
Property and equipment, net (full cost method) 1,160,559 1,120,425
Derivative assets 10,963 2,750
Other assets 6,764 6,724
Total assets 1,508,947 1,218,238
Current liabilities    
Accounts payable and accrued liabilities 105,863 105,824
Derivative liabilities 103,092 23,450
Total current liabilities 208,955 129,274
Other liabilities 8,616 8,382
Deferred income taxes 3,744 1,424
Derivative liabilities 10,689 3,385
Long-term debt, net 592,624 555,028
Commitments and contingencies (Note 12)
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; 15,157,919 and 15,135,598 shares issued as of March 31, 2020 and December 31, 2019, respectively 152 151
Paid-in capital 201,222 200,666
Retained earnings 483,005 319,987
Accumulated other comprehensive loss (60) (59)
Total shareholders’ equity 684,319 520,745
Total liabilities and shareholders’ equity $ 1,508,947 $ 1,218,238