v3.4.0.3
Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 840 $ 600
Accounts receivable:    
Joint interest owners 127 142
Oil, NGL and gas sales 7,372 11,747
Unrealized gain on commodity derivatives 6,256 6,737
Prepaid expenses and other current assets 1,621 1,212
Total current assets 16,216 20,438
PROPERTIES AND EQUIPMENT:    
Oil and gas properties, at cost, using the successful efforts method of accounting 1,858,112 1,853,781
Furniture, fixtures and equipment 5,631 5,628
Total oil and gas properties and equipment 1,863,743 1,859,409
Less accumulated depletion, depreciation and amortization (724,875) (704,863)
Net oil and gas properties and equipment 1,138,868 1,154,546
Total assets 1,155,084 1,174,984
CURRENT LIABILITIES:    
Accounts payable 13,767 10,799
Oil, NGL and gas sales payable 3,211 4,245
Accrued liabilities 10,971 13,464
Total current liabilities 27,949 28,508
NON-CURRENT LIABILITIES:    
Senior secured credit facility, net 269,917 270,748
Senior notes, net 226,042 225,839
Unrealized loss on commodity derivatives 476  
Deferred income taxes 24,534 31,779
Asset retirement obligations 10,274 10,143
Other noncurrent liabilities 41  
Total liabilities $ 559,233 $ 567,017
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized none outstanding
Common stock, $0.01 par value, 90,000,000 shares authorized, 41,541,578 and 40,788,705 issued and outstanding, respectively $ 410 $ 408
Additional paid-in capital 582,165 580,623
Retained earnings 13,276 26,936
Total stockholders’ equity 595,851 607,967
Total liabilities and stockholders’ equity $ 1,155,084 $ 1,174,984