| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Dec'17 | Dec'16 |
|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | |||||||||
106 | 87 | 90 | 89 | 45 | 139 | 89 | 78 | 32 | 32 |
Restricted cash | |||||||||
- | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 |
Accounts receivable | |||||||||
Trade, net | |||||||||
81 | 107 | 108 | 110 | 87 | 103 | 119 | 100 | 62 | 52 |
Joint interest, net | |||||||||
32 | 16 | 17 | 35 | 31 | 20 | 16 | 8 | 13 | 14 |
Other | |||||||||
36 | 6 | 31 | 28 | 23 | 19 | 9 | 7 | 12 | 12 |
Assets from price risk management activities | |||||||||
192 | 8 | 43 | 23 | 9 | 75 | 0 | 0 | 1 | 20 |
Prepaid assets | |||||||||
50 | 65 | 39 | 38 | 27 | 38 | 50 | 51 | 17 | 18 |
Inventory | |||||||||
- | - | - | - | - | - | - | - | 0 | 1 |
Income tax receivable | |||||||||
- | - | - | - | 9 | 10 | 10 | 16 | - | - |
Other current assets | |||||||||
2 | 1 | 1 | 2 | 3 | 7 | 8 | 3 | 2 | 2 |
Total current assets | |||||||||
502 | 293 | 332 | 328 | 238 | 416 | 306 | 268 | 144 | 155 |
Property and equipment: | |||||||||
Proved properties | |||||||||
4,538 | 4,066 | 4,012 | 3,925 | 3,774 | 3,629 | 3,532 | 3,412 | 2,440 | 2,235 |
Unproved properties, not subject to amortization | |||||||||
277 | 194 | 178 | 165 | 148 | 108 | 108 | 103 | 72 | 72 |
Other property and equipment | |||||||||
31 | 29 | 28 | 28 | 33 | 33 | 32 | 28 | 8 | 8 |
Total property and equipment | |||||||||
4,847 | 4,290 | 4,218 | 4,118 | 3,956 | 3,770 | 3,673 | 3,545 | 2,521 | 2,316 |
Accumulated depreciation, depletion and amortization | |||||||||
2,158 | 2,065 | 1,967 | 1,879 | 1,784 | 1,719 | 1,635 | 1,547 | 1,430 | 1,273 |
Total property and equipment, net | |||||||||
2,688 | 2,225 | 2,251 | 2,238 | 2,172 | 2,051 | 2,038 | 1,997 | 1,090 | 1,043 |
Other long-term assets: | |||||||||
Assets from price risk management activities | |||||||||
8 | - | 7 | 5 | 4 | - | 0 | 0 | 0 | 0 |
Other well equipment inventory | |||||||||
9 | 7 | 9 | 9 | 9 | 9 | 10 | 9 | 2 | 12 |
Operating lease assets | |||||||||
7 | 7 | 8 | 6 | 6 | - | - | - | - | - |
Other assets | |||||||||
21 | 54 | 2 | 2 | 7 | 2 | 2 | 8 | 0 | 0 |
Total assets | |||||||||
3,238 | 2,589 | 2,611 | 2,592 | 2,439 | 2,479 | 2,357 | 2,284 | 1,239 | 1,212 |
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||
Current liabilities: | |||||||||
Accounts payable | |||||||||
58 | 71 | 95 | 115 | 62 | 51 | 37 | 38 | 72 | 31 |
Accrued liabilities | |||||||||
138 | 154 | 169 | 186 | 192 | 188 | 138 | 155 | 87 | 49 |
Accrued royalties | |||||||||
24 | 31 | 37 | 42 | 23 | 38 | 42 | 28 | 24 | 23 |
Current portion of long-term debt | |||||||||
- | - | - | - | 0 | 0 | 0 | 0 | 24 | - |
Current portion of asset retirement obligations | |||||||||
38 | 61 | 63 | 65 | 65 | 68 | 78 | 94 | 39 | 33 |
Liabilities from price risk management activities | |||||||||
4 | 19 | 3 | 18 | 40 | 0 | 173 | 154 | 49 | 27 |
Accrued interest payable | |||||||||
22 | 10 | 21 | 10 | 21 | 10 | 18 | 7 | 8 | 11 |
Current portion of operating lease liabilities | |||||||||
1 | 1 | 1 | 1 | 1 | - | - | - | - | - |
Other current liabilities | |||||||||
20 | 20 | 18 | 18 | 17 | 22 | 21 | 15 | 15 | 14 |
Total current liabilities | |||||||||
308 | 370 | 411 | 458 | 424 | 380 | 510 | 495 | 323 | 191 |
Long-term liabilities: | |||||||||
Long-term debt, net of discount and deferred financing costs | |||||||||
1,033 | 732 | 697 | 697 | 665 | 654 | 654 | 627 | 672 | 701 |
Asset retirement obligations | |||||||||
387 | 308 | 321 | 327 | 325 | 313 | 348 | 320 | 174 | 186 |
Liabilities from price risk management activities | |||||||||
1 | 0 | 0 | 2 | 4 | - | 25 | 31 | 18 | 8 |
Operating lease liabilities | |||||||||
19 | 17 | 17 | 15 | 15 | - | - | - | - | - |
Other long-term liabilities | |||||||||
92 | 81 | 88 | 93 | 103 | 123 | 118 | 122 | 103 | 117 |
Total liabilities | |||||||||
1,843 | 1,511 | 1,537 | 1,593 | 1,539 | 1,472 | 1,657 | 1,598 | 1,293 | 1,205 |
Commitments and contingencies (Note 11) | |||||||||
- | - | - | - | - | - | 0 | 0 | - | - |
Stockholders' Equity: | |||||||||
Preferred stock, $0.01 par value; 30,000,000 shares authorized and no shares issued or outstanding as of March 31, 2020 and December 31, 2019 | |||||||||
- | - | - | - | - | - | 0 | 0 | - | 0 |
Common stock $0.01 par value; 270,000,000 shares authorized; 65,342,273 and 54,197,004 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Additional paid-in capital | |||||||||
1,504 | 1,346 | 1,342 | 1,339 | 1,336 | 1,334 | 1,324 | 1,323 | 493 | 489 |
Accumulated deficit | |||||||||
-110 | -268 | -268 | -342 | -436 | -327 | -625 | -638 | -548 | -483 |
Total stockholders' equity | |||||||||
1,394 | 1,078 | 1,074 | 998 | 899 | 1,007 | 699 | 685 | -54 | 6 |
Total liabilities and stockholders' equity | |||||||||
3,238 | 2,589 | 2,611 | 2,592 | 2,439 | 2,479 | 2,357 | 2,284 | 1,239 | 1,212 |