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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,178 $ 15,655
Revenue receivable 7,847 15,340
Joint interest billing receivable 3,024 6,597
Other receivable 6,000 7,750
Derivative asset 0 1,174
Deposit for surety bonds 11,100 8,300
Other current assets 1,960 2,125
Total current assets 44,109 56,941
Oil and gas properties:    
Oil and gas properties, full cost method 1,351,048 1,369,861
Unevaluated oil and gas properties 16,918 21,854
Accumulated depreciation, depletion and amortization (1,285,640) (1,285,660)
Oil and gas properties, net 82,326 106,055
Other property and equipment 9,451 9,353
Accumulated depreciation of other property and equipment (8,894) (8,843)
Total property and equipment 82,883 106,565
Other assets 792 792
Total assets 127,784 164,298
Current liabilities:    
Accounts payable to vendors 15,382 32,148
Advances from co-owners 1,181 1,730
Oil and gas revenue payable 18,451 19,344
Accrued interest 4,689 1,724
Asset retirement obligation 938 687
Derivative liability 718 731
Other accrued liabilities 11,318 6,476
Total current liabilities 52,677 62,840
Multi-draw Term Loan 28,131 27,963
Asset retirement obligation 2,304 30,623
Preferred stock dividend payable 11,563 10,278
Other long-term liabilities 567 131
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 25,550 and 25,521 shares, respectively 26 26
Paid-in capital 313,637 313,244
Accumulated other comprehensive income (loss) (718) 278
Accumulated deficit (564,755) (562,484)
Total stockholders’ equity (251,809) (248,935)
Total liabilities and stockholders’ equity 127,784 164,298
10% Senior Secured Notes due 2021 | Senior Notes    
Current liabilities:    
10% Senior Secured Notes 9,788 9,821
10% Senior Secured PIK Notes due 2021 | Payment in Kind (PIK) Note    
Current liabilities:    
10% Senior Secured Notes $ 274,563 $ 271,577