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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,671 $ 4,295
Accounts receivable, net 39,534 32,242
Assets from derivative contracts 672 8,559
Prepaids and other 2,591 2,740
Total current assets 44,468 47,836
Oil and natural gas properties (full cost method):    
Evaluated 530,499 509,274
Unevaluated 75,880 75,494
Gross oil and natural gas properties 606,379 584,768
Less - accumulated depletion (305,505) (295,163)
Net oil and natural gas properties 300,874 289,605
Other operating property and equipment:    
Other operating property and equipment 3,524 3,535
Less - accumulated depreciation (1,257) (1,149)
Net other operating property and equipment 2,267 2,386
Other noncurrent assets:    
Assets from derivative contracts 828 4,009
Operating lease right of use assets 195 310
Other assets 1,967 2,351
Total assets 350,599 346,497
Current liabilities:    
Accounts payable and accrued liabilities 74,073 58,928
Liabilities from derivative contracts 42,371 22,125
Current portion of long-term debt 2,123 1,720
Operating lease liabilities 195 403
Total current liabilities 118,762 83,176
Long-term debt 155,086 158,489
Other noncurrent liabilities:    
Liabilities from derivative contracts 9,029 4,291
Asset retirement obligations 10,711 10,583
Commitments and contingencies (Note 10)
Stockholders' equity:    
Common stock: 100,000,000 shares of $0.0001 par value authorized;16,267,157 and 16,203,979 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 2 2
Additional paid-in capital 330,551 330,123
Retained earnings (accumulated deficit) (273,542) (240,167)
Total stockholders' equity 57,011 89,958
Total liabilities and stockholders' equity $ 350,599 $ 346,497