v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 44,841 $ 45,917
Restricted cash 1,090 911
Receivables:    
Trade 9,521 14,335
Accounts with joint venture owners, net of allowance of $0.0 million and $0.5 million, respectively 134 2,714
Other 2,350 1,517
Crude oil inventory 853 1,072
Prepayments and other 3,445 3,292
Total current assets 62,234 69,758
Crude oil and natural gas properties and equipment - successful efforts method:    
Wells, platforms and other production facilities 442,665 422,651
Work-in-progress   7,378
Undeveloped acreage 21,476 23,771
Equipment and other 10,184 11,157
Crude oil and natural gas properties, equipment - successful efforts method 474,325 464,957
Accumulated depreciation, depletion, amortization and impairment (432,977) (396,699)
Net crude oil and natural gas properties, equipment and other 41,348 68,258
Other noncurrent assets:    
Restricted cash 925 925
Value added tax and other receivables, net of allowance of $1.9 million and $1.0 million, respectively 3,812 3,683
Right of use operating lease assets 27,918 33,383
Deferred tax assets   24,159
Abandonment funding 11,420 11,371
Total assets 147,657 211,537
Current liabilities:    
Accounts payable 9,250 15,897
Accounts with joint venture owners 9,259  
Accrued liabilities and other 16,299 29,773
Operating lease liabilities - current portion 12,274 11,990
Foreign taxes payable 3,368 5,740
Current liabilities - discontinued operations 48 350
Total current liabilities 50,498 63,750
Asset retirement obligations 16,643 15,844
Operating lease liabilities - net of current portion 15,631 21,371
Deferred tax liabilities 8,098  
Other long term liabilities 56 852
Total liabilities 90,926 101,817
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued
Common stock, $0.10 par value; 100,000,000 shares authorized, 67,819,242 and 67,673,787 shares issued, 57,456,139 and 58,024,571 shares outstanding, respectively 6,782 6,767
Additional paid-in capital 73,739 73,549
Less treasury stock, 10,363,103 and 9,649,216 shares, respectively, at cost (42,419) (41,429)
Retained earnings 18,629 70,833
Total shareholders' equity 56,731 109,720
Total liabilities and shareholders' equity $ 147,657 $ 211,537

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