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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities - cash provided by (used in):    
Net income for the period $ 40,674 $ 47,493
Adjustments to reconcile net income to cash provided by operating activities:    
Depletion, depreciation and amortization 51,653 50,540
Unrealized loss (gain) on commodity derivatives (14,292) 7,606
Deferred gain on sale of liquids gathering system   (2,638)
Stock compensation 841 8,810
Payable-in-Kind (“PIK”) interest payable 3,183  
Amortization of premium on debt exchange (9,716)  
Amortization of deferred financing costs 3,123 2,727
Other 582 209
Net changes in operating assets and liabilities:    
Accounts receivable 50,243 12,561
Other current assets (307) 2,485
Other non-current assets 30 30
Accounts payable (359) (5,263)
Accrued liabilities 4,425 (7,486)
Production taxes payable 25,743 23,622
Interest payable 99 17,172
Other long-term obligations (11,663) (12,708)
Income taxes payable/receivable 6,431 6,836
Net cash provided by operating activities 150,690 151,996
Investing Activities - cash provided by (used in):    
Oil and gas property expenditures (92,352) (134,500)
Change in capital cost accrual and accounts payable 1,702 (8,079)
Inventory 419 (5,074)
Purchase of capital assets (211) (1,196)
Net cash used in investing activities (90,442) (148,849)
Financing activities - cash provided by (used in):    
Deferred financing costs (488)  
Repurchased shares/net share settlements   (2,061)
Net cash used in financing activities (66,488) (2,061)
(Decrease) increase in cash during the period (6,240) 1,086
Cash, cash equivalents, and restricted cash, beginning of period 19,305 18,269
Cash, cash equivalents and restricted cash, end of period 13,065 19,355
Credit Agreement    
Financing activities - cash provided by (used in):    
Borrowings under Credit / Term Loan Agreement 232,000 191,000
Payments under Credit Agreement $ (298,000) $ (191,000)