Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 12,796 $ 17,864
Accounts receivable, net of allowance for doubtful accounts 52,471 66,038
Derivative assets 7,182 34,932
Income taxes receivable 3,707 2,471
Other current assets 4,733 5,125
Total current assets 80,889 126,430
Property and equipment, net (full cost method) 1,038,687 927,994
Derivative assets 2,756 10,100
Deferred income taxes 0 1,949
Other assets 7,412 2,481
Total assets 1,129,744 1,068,954
Current liabilities    
Accounts payable and accrued liabilities 111,993 103,700
Derivative liabilities 14,203 991
Total current liabilities 126,196 104,691
Other liabilities 8,236 5,533
Deferred income taxes 81 0
Derivative liabilities 2,201 0
Long-term debt, net 531,476 511,375
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock of $0.01 par value – 5,000,000 shares authorized; none issued 0 0
Common stock of $0.01 par value – 45,000,000 shares authorized; 15,107,265 and 15,080,594 shares issued as of June 30, 2019 and December 31, 2018, respectively 151 151
Paid-in capital 198,997 197,630
Retained earnings 262,326 249,492
Accumulated other comprehensive income 80 82
Total shareholders’ equity 461,554 447,355
Total liabilities and shareholders’ equity $ 1,129,744 $ 1,068,954