| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 |
|---|---|---|---|---|---|---|---|---|---|
Assets: | |||||||||
Current Assets: | |||||||||
Cash and cash equivalents | |||||||||
11 | 16 | 19 | 16 | 44 | 32 | 92 | 107 | 224 | 314 |
Accounts receivable, net of allowance | |||||||||
53 | 62 | 59 | 54 | 57 | 72 | 68 | 63 | 50 | 51 |
Derivative assets | |||||||||
126 | 3 | 36 | 12 | 1 | 81 | - | - | - | 0 |
Prepayments and other current assets | |||||||||
2 | 3 | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 1 |
Total current assets | |||||||||
193 | 86 | 119 | 87 | 107 | 189 | 163 | 173 | 277 | 367 |
Property and equipment - at cost, successful efforts method for oil and gas properties: | |||||||||
Proved oil and gas properties | |||||||||
2,657 | 2,644 | 2,581 | 2,432 | 2,296 | 2,195 | 1,876 | 1,676 | 1,568 | 1,361 |
Unproved oil and gas properties, excluded from amortization | |||||||||
315 | 357 | 393 | 468 | 490 | 468 | 657 | 732 | 708 | 84 |
Furniture, equipment and other | |||||||||
29 | 29 | 29 | 28 | 29 | 20 | 18 | 19 | 18 | 17 |
Property, plant and equipment, gross | |||||||||
3,002 | 3,031 | 3,004 | 2,930 | 2,817 | 2,684 | 2,552 | 2,427 | 2,296 | 1,463 |
Accumulated depreciation, depletion, amortization and impairment | |||||||||
2,210 | 967 | 876 | 793 | 721 | 654 | 578 | 522 | 485 | 444 |
Total property and equipment, net | |||||||||
791 | 2,064 | 2,127 | 2,137 | 2,096 | 2,029 | 1,973 | 1,905 | 1,811 | 1,018 |
Derivative assets | |||||||||
35 | 0 | 10 | 7 | 3 | 27 | - | - | - | 0 |
Other noncurrent assets | |||||||||
4 | 5 | 5 | 6 | 5 | 5 | 6 | 3 | 3 | 4 |
Total | |||||||||
1,026 | 2,156 | 2,263 | 2,238 | 2,212 | 2,252 | 2,144 | 2,082 | 2,092 | 1,390 |
Liabilities and Stockholders' Equity: | |||||||||
Current Liabilities: | |||||||||
Accounts payable and accrued liabilities | |||||||||
100 | 71 | 88 | 119 | 135 | 131 | 147 | 113 | 135 | 84 |
Amounts payable to oil and gas property owners | |||||||||
44 | 37 | 39 | 32 | 44 | 55 | 55 | 46 | 30 | 16 |
Production taxes payable | |||||||||
58 | 61 | 58 | 51 | 63 | 59 | 46 | 35 | 35 | 26 |
Derivative liabilities | |||||||||
0 | 4 | - | - | 5 | 0 | 87 | 66 | 35 | 20 |
Current portion of long-term debt | |||||||||
- | - | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 0 |
Total current liabilities | |||||||||
202 | 175 | 185 | 203 | 249 | 248 | 338 | 264 | 240 | 148 |
Long-term debt, net of debt issuance costs | |||||||||
714 | 758 | 793 | 768 | 687 | 617 | 617 | 616 | 616 | 617 |
Asset retirement obligations | |||||||||
23 | 23 | 23 | 22 | 27 | 27 | 27 | 24 | 23 | 16 |
Deferred income taxes | |||||||||
2 | 97 | 114 | 109 | 109 | 139 | 137 | 137 | 137 | 0 |
Other noncurrent liabilities | |||||||||
14 | 17 | 17 | 18 | 21 | 7 | 36 | 25 | 14 | 9 |
Commitments and contingencies (Note 11) | |||||||||
- | - | - | - | - | - | 0 | 0 | 0 | - |
Stockholders' Equity: | |||||||||
Common stock, $0.001 par value; authorized 400,000,000 shares; 215,064,108 and 213,669,597 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively, with 3,531,812 and 2,968,497 shares subject to restrictions, respectively | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Additional paid-in capital | |||||||||
1,778 | 1,777 | 1,776 | 1,774 | 1,772 | 1,771 | 1,769 | 1,767 | 1,766 | 1,279 |
Retained earnings (accumulated deficit) | |||||||||
-1,710 | -694 | -646 | -657 | -656 | -559 | -782 | -752 | -705 | -681 |
Treasury stock, at cost: zero shares at March 31, 2020 and December 31, 2019 | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total stockholders' equity | |||||||||
68 | 1,083 | 1,129 | 1,116 | 1,116 | 1,212 | 987 | 1,015 | 1,060 | 598 |
Total liabilities and stockholders' equity | |||||||||
1,026 | 2,156 | 2,263 | 2,238 | 2,212 | 2,252 | 2,144 | 2,082 | 2,092 | 1,390 |