Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Summary of Significant Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents, and Restricted Cash As of December 31, 2021 2020 (in thousands)Cash and cash equivalents $48,675 $47,853Restricted cash - current 79 86Restricted cash - non-current 1,752 925Abandonment funding 21,808 12,453Total cash, cash equivalents and restricted cash $72,314 $61,317
Analysis of Change in Allowance for Doubtful Accounts Year Ended December 31, 2021 2020 2019 (in thousands)Allowance for bad debt Balance at beginning of period $ (2,273) $ (1,508) $ (2,535)Bad debt (charge) income, net of receipts (875) (1,165) 341Adjustment associated with reversal of allowance on Mutamba receivable — 593 623Adjustment associated with Sasol Acquisition (2,879) — —Foreign currency gain (loss) 286 (193) 63Balance at end of period $ (5,741) $ (2,273) $ (1,508)
Assets and Liabilities Measured on Recurring Basis As of December 31, 2021 Balance Sheet Line Level 1 Level 2 Level 3 Total (in thousands)Liabilities SARs liabilityAccrued liabilities $ — $ 609 $ — $ 609Derivative liability - crude oil swapsAccrued liabilities — 4,806 — 4,806 $ — $ 5,415 $ — $ 5,415 As of December 31, 2020 Balance Sheet Line Level 1 Level 2 Level 3 Total (in thousands)Liabilities SARs liabilityAccrued liabilities $ — $ 2,289 $ — $ 2,289SARs liabilityOther long-term liabilities — 193 — 193 $ — $ 2,482 $ — $ 2,482