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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 34,891 $ 15,655
Revenue receivable 6,364 15,340
Joint interest billing receivable 4,716 6,597
Other receivable 0 7,750
Derivative asset 0 1,174
Deposit for surety bonds 3,550 8,300
Other current assets 3,261 2,125
Total current assets 52,782 56,941
Oil and gas properties:    
Oil and gas properties, full cost method 1,361,374 1,369,861
Unevaluated oil and gas properties 23,492 21,854
Accumulated depreciation, depletion and amortization (1,301,592) (1,285,660)
Oil and gas properties, net 83,274 106,055
Other property and equipment 9,282 9,353
Accumulated depreciation of other property and equipment (9,056) (8,843)
Total property and equipment 83,500 106,565
Other assets 1,005 792
Total assets 137,287 164,298
Current liabilities:    
Accounts payable to vendors 11,699 32,148
Advances from co-owners 2,020 1,730
Oil and gas revenue payable 7,765 19,344
Accrued interest 639 1,724
Asset retirement obligation 183 687
Derivative liability 0 731
Other accrued liabilities 1,259 6,476
Total current liabilities 23,565 62,840
Multi-draw Term Loan 49,738 27,963
Asset retirement obligation 2,297 30,623
Preferred stock dividend payable 0 10,278
Other long-term liabilities 0 131
Liabilities Not Subject To Compromise 75,600 413,233
Liabilities subject to compromise 323,854 0
Total liabilities 399,454 413,233
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 314,268 313,244
Accumulated other comprehensive income 0 278
Accumulated deficit (576,462) (562,484)
Total stockholders’ equity (262,167) (248,935)
Total liabilities and stockholders’ equity 137,287 164,298
10% Senior Secured Notes due 2021 | Senior Notes    
Current liabilities:    
10% Senior Secured Notes 0 9,821
10% Senior Secured PIK Notes due 2021 | Payment in Kind (PIK) Note    
Current liabilities:    
10% Senior Secured Notes $ 0 $ 271,577