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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 13,020 $ 7,798
Accounts receivable, net of allowance for credit losses 42,562 70,716
Derivative assets 78,793 4,131
Income taxes receivable 0 1,236
Prepaid and other current assets 19,045 4,458
Total current assets 153,420 88,339
Property and equipment, net (full cost method) 723,549 1,120,425
Derivative assets 25,449 2,750
Other assets 4,908 6,724
Total assets 907,326 1,218,238
Current liabilities    
Accounts payable and accrued liabilities 62,768 105,824
Derivative liabilities 85,427 23,450
Total current liabilities 148,195 129,274
Other liabilities 8,362 8,382
Deferred income taxes 0 1,424
Derivative liabilities 28,434 3,385
Long-term debt, net 509,497 555,028
Commitments and contingencies (Note 14)
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; 15,200,435 and 15,135,598 shares issued as of December 31, 2020 and 2019, respectively 152 151
Paid-in capital 203,463 200,666
Retained earnings 9,354 319,987
Accumulated other comprehensive loss (131) (59)
Total shareholders’ equity 212,838 520,745
Total liabilities and shareholders’ equity $ 907,326 $ 1,218,238