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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 0 $ 68,680
Accounts receivable, net of allowance for doubtful accounts of $1,103 at December 31, 2019 and $950 at December 31, 2018 71,867 57,379
Derivative instruments 9,166 88,596
Other current assets 19,399 14,367
Total current assets 100,432 229,022
Non-current assets:    
Oil and natural gas properties 1,675,717 1,461,993
Accumulated depletion and amortization (209,105) (123,217)
Total oil and natural gas properties, net 1,466,612 1,338,776
Other property and equipment 135,117 119,710
Accumulated depreciation (25,462) (15,778)
Total other property and equipment, net 109,655 103,932
Derivative instruments 525 3,289
Other non-current assets 12,974 17,244
Total assets 1,690,198 1,692,263
Current liabilities:    
Accounts payable and accrued expenses 151,811 144,118
Derivative instruments 4,817 0
Total current liabilities 156,628 144,118
Non-current liabilities:    
Long term debt 394,319 391,786
Derivative instruments 141 0
Deferred income taxes 9,057 45,835
Asset retirement obligation 124,019 89,176
Other non-current liabilities 33,586 14,902
Commitments and Contingencies - Note 5
Equity:    
Common stock ($.001 par value; 750,000,000 shares authorized; 84,655,222 and 81,651,098 shares issued; and 79,542,976 and 81,202,437 shares outstanding, at December 31, 2019 and December 31, 2018, respectively) 85 82
Additional paid-in capital 901,830 914,540
Treasury stock, at cost (5,112,246 shares at December 31, 2019 and 448,661 December 31, 2018) (49,995) (24,218)
Retained earnings 120,528 116,042
Total equity 972,448 1,006,446
Total liabilities and equity $ 1,690,198 $ 1,692,263