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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and Cash Equivalents $ 158,378 $ 61,255
Accounts Receivable:    
Oil and gas sales 21,518 26,700
Joint interest operations 17,771 11,872
Derivative Financial Instruments   1,318
Assets Held For Sale   198,615
Other Current Assets 4,482 2,745
Total current assets 202,149 302,505
Property and Equipment:    
Oil and gas properties, successful efforts method 2,776,179 2,631,750
Other 18,921 18,918
Accumulated depreciation, depletion and amortization (2,096,410) (2,042,739)
Net property and equipment 698,690 607,929
Income Taxes Receivable 19,086 19,086
Other Assets 1,408 899
Total Assets 921,333 930,419
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts Payable 153,387 126,034
Accrued Expenses 35,456 42,455
Derivative Financial Instruments 230  
Total current liabilities 189,073 168,489
Long-term Debt 1,153,333 1,110,529
Deferred Income Taxes 10,726 10,266
Reserve for Future Abandonment Costs 10,622 10,407
Total liabilities 1,363,754 1,299,691
Commitments and Contingencies
Stockholders' Deficit:    
Common stock — $0.50 par, 75,000,000 shares authorized, 16,261,017 and 15,427,561 shares outstanding at June 30, 2018 and December 31, 2017, respectively 8,131 7,714
Common stock warrants 441 3,557
Additional paid-in capital 552,135 546,696
Accumulated deficit (1,003,128) (927,239)
Total stockholders' deficit (442,421) (369,272)
Total liabilities and stockholders' deficit $ 921,333 $ 930,419