v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 20,236 $ 13,341
Accounts receivable, net 133,109 209,463
Fair value of derivatives 921 26,056
Other current assets 24,103 19,814
Total current assets 178,369 268,674
Oil and natural gas properties, full cost accounting method:    
Evaluated properties, net 2,355,710 4,682,994
Unevaluated properties 1,733,250 1,986,124
Total oil and natural gas properties, net 4,088,960 6,669,118
Operating lease right-of-use assets 22,526 63,908
Other property and equipment, net 31,640 35,253
Deferred tax asset 0 115,720
Deferred financing costs 23,643 22,233
Other assets, net 17,730 19,932
Total assets 4,362,868 7,194,838
Current liabilities:    
Accounts payable and accrued liabilities 345,365 490,442
Operating lease liabilities 13,175 42,858
Fair value of derivatives 97,060 71,197
Other current liabilities 41,508 47,750
Total current liabilities 497,108 652,247
Long-term debt 2,969,264 3,186,109
Operating lease liabilities 27,576 37,088
Asset retirement obligations 57,209 48,860
Fair value of derivatives 88,046 32,695
Other long-term liabilities 12,663 14,531
Total liabilities 3,651,866 3,971,530
Commitments and contingencies
Stockholders’ equity:    
Common stock [1] 398 3,966
Capital in excess of par 3,222,959 3,198,076
Retained earnings (Accumulated deficit) (2,512,355) 21,266
Total stockholders’ equity 711,002 3,223,308
Total liabilities and stockholders’ equity $ 4,362,868 $ 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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