Balance Sheet

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 3,132 $ 6,761
Accounts receivable, net of allowance for doubtful accounts 38,667 29,095
Other current assets 3,110 3,028
Total current assets 44,909 38,884
Property and equipment, net (full cost method) 258,326 247,473
Other assets 5,176 5,329
Total assets 308,411 291,686
Current liabilities    
Accounts payable and accrued liabilities 51,124 49,697
Commodity derivative liabilities – current 4,667 12,932
Total current liabilities 55,791 62,629
Derivative Liability, Noncurrent 3,694 14,437
Long-term Debt, Excluding Current Maturities 30,000 25,000
Other liabilities 4,136 4,072
Commitments and contingencies (Note 12)
Preferred Stock, Value, Issued 0  
Shareholders’ equity:    
Common stock of $0.01 par value – 45,000,000 shares authorized; 14,992,018 shares issued as of March 31, 2017 and December 31, 2016 150 150
Paid-in capital 191,456 190,621
Retained earnings (accumulated deficit) 23,111 (5,296)
Accumulated other comprehensive income 73 73
Total shareholders’ equity 214,790 185,548
Total liabilities and shareholders’ equity $ 308,411 $ 291,686

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