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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 25,500 $ 15,655
Revenue receivable 6,814 15,340
Joint interest billing receivable 2,520 6,597
Other receivable 2,447 7,750
Derivative asset 0 1,174
Deposit for surety bonds 12,438 8,300
Other current assets 2,249 2,125
Total current assets 51,968 56,941
Oil and gas properties:    
Oil and gas properties, full cost method 1,354,593 1,369,861
Unevaluated oil and gas properties 18,947 21,854
Accumulated depreciation, depletion and amortization (1,296,992) (1,285,660)
Oil and gas properties, net 76,548 106,055
Other property and equipment 9,280 9,353
Accumulated depreciation of other property and equipment (9,003) (8,843)
Total property and equipment 76,825 106,565
Other assets 1,645 792
Total assets 130,438 164,298
Current liabilities:    
Accounts payable to vendors 2,959 32,148
Advances from co-owners 463 1,730
Oil and gas revenue payable 8,576 19,344
Accrued interest 18,196 1,724
Asset retirement obligation 459 687
Derivative liability 0 731
Other accrued liabilities 7,310 6,476
Total current liabilities 37,963 62,840
Multi-draw Term Loan 49,716 27,963
Asset retirement obligation 2,337 30,623
Preferred stock dividend payable 14,133 10,278
Other long-term liabilities 526 131
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 25,587 and 25,521 shares, respectively 26 26
Paid-in capital 314,154 313,244
Accumulated other comprehensive income (loss) (401) 278
Accumulated deficit (572,345) (562,484)
Total stockholders’ equity (258,565) (248,935)
Total liabilities and stockholders’ equity 130,438 164,298
10% Senior Secured Notes due 2021 | Senior Notes    
Current liabilities:    
10% Senior Secured Notes 9,707 9,821
10% Senior Secured PIK Notes due 2021 | Payment in Kind (PIK) Note    
Current liabilities:    
10% Senior Secured Notes $ 274,621 $ 271,577