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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 16,292 $ 34,502
Restricted cash 389 389
Revenue receivable 3,848 6,364
Joint interest billing receivable 19,085 4,716
Deposit for surety bonds 75 3,550
Other current assets 1,488 3,261
Total current assets 41,177 52,782
Oil and gas properties:    
Oil and gas properties, full cost method 69,344 1,361,374
Unevaluated oil and gas properties 126,353 23,492
Accumulated depreciation, depletion and amortization (6,399) (1,301,592)
Oil and gas properties, net 189,298 83,274
Other property and equipment 321 9,282
Accumulated depreciation of other property and equipment (19) (9,056)
Total property and equipment 189,600 83,500
Other assets 371 1,005
Right of use asset 1,777 0
Total assets 232,925 137,287
Current liabilities:    
Accounts payable to vendors 28,416 11,699
Advances from co-owners 3,543 2,020
Oil and gas revenue payable 4,132 7,765
Accrued interest 289 639
Asset retirement obligation 1,525 183
Other accrued liabilities 883 1,259
Right of use liability-short-term 921 0
Total current liabilities 39,709 23,565
Multi-draw Term Loan 45,727 49,738
10% Senior Secured PIK Notes due 2024 68,699 0
Asset retirement obligation 2,597 2,297
Deferred income taxes 694 0
Right of use liability-long-term 751 0
Total liabilities not subject to compromise 158,177 75,600
Liabilities subject to compromise 0 323,854
Total liabilities 158,177 399,454
Stockholders’ equity:    
Preferred stock   1
Common stock 94 26
Paid-in capital 74,678 314,268
Accumulated deficit (24) (576,462)
Preferred Stock, Value, Outstanding 0  
Total stockholders’ equity 74,748 (262,167)
Total liabilities and stockholders’ equity $ 232,925 $ 137,287