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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,458 $ 4,295
Accounts receivable, net 37,098 32,242
Assets from derivative contracts 1,280 8,559
Prepaids and other 2,475 2,740
Total current assets 42,311 47,836
Oil and natural gas properties (full cost method):    
Evaluated 544,418 509,274
Unevaluated 75,822 75,494
Gross oil and natural gas properties 620,240 584,768
Less - accumulated depletion (316,519) (295,163)
Net oil and natural gas properties 303,721 289,605
Other operating property and equipment:    
Other operating property and equipment 3,367 3,535
Less - accumulated depreciation (1,206) (1,149)
Net other operating property and equipment 2,161 2,386
Other noncurrent assets:    
Assets from derivative contracts 563 4,009
Operating lease right of use assets 78 310
Other assets 2,903 2,351
Total assets 351,737 346,497
Current liabilities:    
Accounts payable and accrued liabilities 65,297 58,928
Liabilities from derivative contracts 71,443 22,125
Current portion of long-term debt 2,209 1,720
Operating lease liabilities 78 403
Total current liabilities 139,027 83,176
Long-term debt 163,000 158,489
Other noncurrent liabilities:    
Liabilities from derivative contracts 15,117 4,291
Asset retirement obligations 10,945 10,583
Commitments and contingencies (Note 10)
Stockholders' equity:    
Common stock: 100,000,000 shares of $0.0001 par value authorized;16,268,037 and 16,203,979 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively 2 2
Additional paid-in capital 331,117 330,123
Retained earnings (accumulated deficit) (307,471) (240,167)
Total stockholders' equity 23,648 89,958
Total liabilities and stockholders' equity $ 351,737 $ 346,497