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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 15,655 $ 28,312
Revenue receivable 15,340 10,294
Joint interest billing receivable 6,597 7,632
Other receivable 7,750 0
Derivative asset 1,174 0
Deposit for surety bonds 8,300 0
Other current assets 2,125 2,353
Total current assets 56,941 48,591
Oil and gas properties:    
Oil and gas properties, full cost method 1,369,861 1,323,333
Unevaluated oil and gas properties 21,854 9,015
Accumulated depreciation, depletion and amortization (1,285,660) (1,243,286)
Oil and gas properties, net 106,055 89,062
Other property and equipment 9,353 10,951
Accumulated depreciation of other property and equipment (8,843) (10,109)
Total property and equipment 106,565 89,904
Other assets, net of accumulated amortization of $0 and $4,385, respectively 792 6,365
Total assets 164,298 144,860
Current liabilities:    
Accounts payable to vendors 36,179 25,265
Advances from co-owners 1,730 2,330
Oil and gas revenue payable 19,344 22,146
Accrued interest 1,724 2,047
Asset retirement obligation 687 4,160
Derivative liability 731 3,947
10% Senior Unsecured Notes due 2017 0 22,568
Other accrued liabilities 2,445 3,938
Total current liabilities 62,840 86,401
Multi-draw Term Loan 27,963 7,249
Asset retirement obligation 30,623 32,450
Other long-term liabilities 10,409 6,027
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $.001 par value; authorized 5,000 shares; issued and outstanding 1,495 shares 1 1
Common stock, $.001 par value; authorized 150,000 shares; issued and outstanding 25,521 and 21,197 shares, respectively 26 21
Paid-in capital 313,244 304,341
Accumulated other comprehensive income (loss) 278 (4,750)
Accumulated deficit (562,484) (550,708)
Total stockholders’ equity (248,935) (251,095)
Total liabilities and stockholders’ equity 164,298 144,860
10% Senior Secured Notes due 2021 | Senior Notes    
Current liabilities:    
10% Senior Secured Notes 9,821 15,228
10% Senior Secured PIK Notes due 2021 | Payment in Kind (PIK) Note    
Current liabilities:    
10% Senior Secured Notes $ 271,577 $ 248,600