Quarterly report pursuant to Section 13 or 15(d)

Organization and Accounting Policies (Tables)

v3.21.2
Organization and Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2021
Organization and Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents, and Restricted Cash

As of June 30,

2021

2020

(in thousands)

Cash and cash equivalents

$

22,884

$

44,841

Restricted cash - current

83

1,090

Restricted cash - non-current

1,752

925

Abandonment funding

22,837

11,420

Total cash, cash equivalents and restricted cash

$

47,556

$

58,276

Rollforward of Aggregate Allowance for Bad Debt

Three Months Ended June 30,

Six Months Ended June 30,

2021

2020

2021

2020

(in thousands)

Allowance for bad debt

Balance at beginning of period

$

(5,092)

$

(1,725)

$

(2,273)

$

(1,508)

Bad debt charge

(395)

(179)

(496)

(989)

Adjustment associated with reversal of allowance on Mutamba receivable

—

—

—

593

Adjustment associated with Sasol Acquisition

—

—

(2,879)

—

Foreign currency gain (loss)

(88)

—

73

—

Balance at end of period

$

(5,575)

$

(1,904)

$

(5,575)

$

(1,904)
Assets and Liabilities Measured on Recurring Basis

As of June 30, 2021

Balance Sheet Line

Level 1

Level 2

Level 3

Total

(in thousands)

Liabilities

SARs liability

Accrued liabilities

$

—

$

1,181

$

—

$

1,181

Derivative liability - crude oil swaps

Accrued liabilities

—

9,920

—

9,920

$

—

$

11,101

$

—

$

11,101

As of December 31, 2020

Balance Sheet Line

Level 1

Level 2

Level 3

Total

(in thousands)

Liabilities

SARs liability

Accrued liabilities

$

—

$

2,289

$

—

$

2,289

SARs liability

Other long-term liabilities

—

193

—

193

$

—

$

2,482

$

—

$

2,482