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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,662 $ 68,680
Accounts receivable, net of allowance for doubtful accounts of $1,377 at March 31, 2019 and $950 at December 31, 2018 63,061 57,379
Derivative instruments 16,445 88,596
Other current assets 16,634 14,367
Total current assets 97,802 229,022
Noncurrent assets:    
Oil and natural gas properties 1,509,933 1,461,993
Accumulated depletion and amortization (143,959) (123,217)
Total oil and natural gas properties, net 1,365,974 1,338,776
Other property and equipment 121,283 119,710
Accumulated depreciation (18,130) (15,778)
Total other property and equipment, net 103,153 103,932
Derivative instruments 18 3,289
Other non-current assets 16,256 17,244
Total assets 1,583,203 1,692,263
Current liabilities:    
Accounts payable and accrued expenses 108,028 144,118
Derivative instruments 6,602 0
Total current liabilities 114,630 144,118
Noncurrent liabilities:    
Long-term debt 391,947 391,786
Deferred income taxes 32,737 45,835
Asset retirement obligation 85,620 89,176
Other noncurrent liabilities 19,140 14,902
Commitments and Contingencies - Note 4
Equity:    
Common stock ($.001 par value; 750,000,000 shares authorized; and 81,879,170 and 81,202,437 shares outstanding, at March 31, 2019 and December 31, 2018, respectively) 85 82
Additional paid-in-capital 895,500 914,540
Treasury stock, at cost, (2,648,823 shares at March 31, 2019 and 448,661 shares at December 31, 2018) (28,328) (24,218)
Retained earnings 71,872 116,042
Total equity 939,129 1,006,446
Total liabilities and equity $ 1,583,203 $ 1,692,263