Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 52,839 $ 47,853
Restricted cash 81 86
Receivables:    
Accounts with joint venture owners, net of allowance of $0.0 million in both periods presented 1,050 3,587
Foreign income taxes receivable 2,056  
Other 86 4,331
Crude oil inventory 2,556 3,906
Prepayments and other 5,416 4,215
Total current assets 64,084 63,978
Crude oil and natural gas properties, equipment and other - successful efforts method, net 74,102 37,036
Other noncurrent assets:    
Restricted cash 1,752 925
Value added tax and other receivables, net of allowance of $5.8 million and $2.3 million, respectively 5,670 4,271
Right of use operating lease assets 12,984 22,569
Deferred tax assets 24,211  
Abandonment funding 22,281 12,453
Other long-term assets 1,176  
Total assets 206,260 141,232
Current liabilities:    
Accounts payable 8,433 16,690
Accounts with joint venture owners 2,325 4,945
Accrued liabilities and other 39,857 17,184
Operating lease liabilities - current portion 12,671 12,890
Foreign income taxes payable   860
Current liabilities - discontinued operations 7 7
Total current liabilities 63,293 52,576
Asset retirement obligations 33,077 17,334
Operating lease liabilities - net of current portion 312 9,671
Other long-term liabilities   193
Total liabilities 96,682 79,774
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, 69,528,100 and 67,897,530 shares issued, 58,588,777 and 57,531,154 shares outstanding, respectively 6,953 6,790
Additional paid-in capital 76,346 74,437
Less treasury stock, 10,939,323 and 10,366,376 shares, respectively, at cost (43,847) (42,421)
Retained earnings 70,126 22,652
Total shareholders' equity 109,578 61,458
Total liabilities and shareholders' equity $ 206,260 $ 141,232