v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 10,500 $ 13,341
Accounts receivable, net 112,536 209,463
Fair value of derivatives 9,821 26,056
Other current assets 27,049 19,814
Total current assets 159,906 268,674
Oil and natural gas properties, full cost accounting method:    
Evaluated properties 2,916,542 4,682,994
Unevaluated properties 1,758,132 1,986,124
Total oil and natural gas properties, net 4,674,674 6,669,118
Operating lease right-of-use assets 29,519 63,908
Other property and equipment, net 32,920 35,253
Deferred tax asset 0 115,720
Deferred financing costs 24,850 22,233
Other assets, net 15,472 19,932
Total assets 4,937,341 7,194,838
Current liabilities:    
Accounts payable and accrued liabilities 332,979 490,442
Operating lease liabilities 19,458 42,858
Fair value of derivatives 34,950 71,197
Other current liabilities 30,013 47,750
Total current liabilities 417,400 652,247
Long-term debt 3,190,273 3,186,109
Operating lease liabilities 28,906 37,088
Asset retirement obligations 49,542 48,860
Fair value of derivatives 35,705 32,695
Other long-term liabilities 11,411 14,531
Total liabilities 3,733,237 3,971,530
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value, 52,500,000 shares authorized; 39,749,985 and 39,659,001 shares outstanding, respectively [1] 397 3,966
Capital in excess of par value 3,210,991 3,198,076
Retained earnings (Accumulated deficit) (2,007,284) 21,266
Total stockholders’ equity 1,204,104 3,223,308
Total liabilities and stockholders’ equity $ 4,937,341 $ 7,194,838
[1] All share amounts (except par value) have been retroactively adjusted for the Company’s 1-for-10 reverse stock split effective August 7, 2020. See “Note 11 - Stockholders’ Equity” for additional information.

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