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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and Cash Equivalents $ 50,988 $ 61,255
Accounts Receivable:    
Oil and gas sales 26,142 26,700
Joint interest operations 10,975 11,872
Derivative Financial Instruments 2,516 1,318
Assets Held For Sale 115,260 198,615
Other Current Assets 2,847 2,745
Total current assets 208,728 302,505
Property and Equipment:    
Oil and gas properties, successful efforts method 2,732,962 2,631,750
Other 18,920 18,918
Accumulated depreciation, depletion and amortization (2,069,751) (2,042,739)
Net property and equipment 682,131 607,929
Income Taxes Receivable 19,086 19,086
Other Assets 549 899
Total Assets 910,494 930,419
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts Payable 125,596 126,034
Accrued Expenses 27,090 42,455
Bank Credit Facility 15,000  
Total current liabilities 167,686 168,489
Long-term Debt 1,131,394 1,110,529
Deferred Income Taxes 10,847 10,266
Reserve for Future Abandonment Costs 10,489 10,407
Total liabilities 1,320,416 1,299,691
Commitments and Contingencies
Stockholders' Deficit:    
Common stock — $0.50 par, 75,000,000 shares authorized, 16,157,896 and 15,427,561 shares outstanding at March 31, 2018 and December 31, 2017, respectively 8,079 7,714
Common stock warrants 1,329 3,557
Additional paid-in capital 549,795 546,696
Accumulated deficit (969,125) (927,239)
Total stockholders' deficit (409,922) (369,272)
Total liabilities and stockholders' deficit $ 910,494 $ 930,419