Quarterly report pursuant to Section 13 or 15(d)

Organization and Accounting Policies (Tables)

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

As of September 30,

2021

2020

(in thousands)

Cash and cash equivalents

$

52,839

$

41,986

Restricted cash - current

81

82

Restricted cash - non-current

1,752

925

Abandonment funding

22,281

11,885

Total cash, cash equivalents and restricted cash

$

76,953

$

54,878

Rollforward of Aggregate Allowance for Bad Debt

Three Months Ended September 30,

Nine Months Ended September 30,

2021

2020

2021

2020

(in thousands)

Allowance for bad debt

Balance at beginning of period

$

(5,575)

$

(1,904)

$

(2,273)

$

(1,508)

Bad debt charge

(318)

(151)

(814)

(1,140)

Adjustment associated with reversal of allowance on Mutamba receivable

593

Adjustment associated with Sasol Acquisition

(2,879)

Foreign currency gain (loss)

117

190

Balance at end of period

$

(5,776)

$

(2,055)

$

(5,776)

$

(2,055)

Assets and Liabilities Measured on Recurring Basis

As of September 30, 2021

Balance Sheet Line

Level 1

Level 2

Level 3

Total

(in thousands)

Liabilities

SARs liability

Accrued liabilities

$

$

761

$

$

761

Derivative liability - crude oil swaps

Accrued liabilities

10,881

10,881

$

$

11,642

$

$

11,642

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