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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:      
Net (loss) income $ 19,536 $ (18,907) $ 13,663
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation, depletion and amortization 14,197 28,202 20,520
Accretion of asset retirement obligations 54 108 84
Settlement of asset retirement obligations   (179) (79)
Loss (gain) on sale of oil and gas properties 201 326 (512)
Total loss on derivative contracts, net (9,496) 38,398 16,125
Operating portion of net cash received (paid) in settlement of derivative contracts   9,956 (9,267)
Stock-based compensation   4,473 4,013
Deferred income taxes   153 (53)
Amortization of deferred financing costs 100 215 143
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable   (1,257) 4,475
(Increase) decrease in prepaid expenses and other current assets   (537) (992)
Increase (decrease) in accounts payable and accrued expenses   (5,222) (17,287)
Increase (decrease) in revenues and royalties payable   (3,845) 8,437
Increase in advances   3,400 14,159
Net cash provided by operating activities   55,284 53,429
Cash flows from investing activities:      
Additions to oil and gas properties   (79,760) (68,516)
Additions to office and other equipment   (202) (53)
Proceeds from sales of oil and gas properties   2 210
Net cash used in investing activities   (79,960) (68,359)
Cash flows from financing activities:      
Proceeds from borrowings   128,087 25,000
Repayments of borrowings   (96,915) (27,500)
Cash paid related to the exchange and cancellation of Class A Common Stock   (661) (1,116)
Cash paid for finance leases (100) (237) 0
Deferred financing costs   (189) (213)
Net cash provided by (used in) financing activities   30,085 (3,829)
Net increase (decrease) in cash   5,409 (18,759)
Cash at beginning of period   376 22,955
Cash at end of period $ 5,785 5,785 4,196
Cash paid for:      
Interest   2,760 986
Non-cash investing and financing activities:      
Accrued capital expenditures   16,714 25,791
Lease asset additions - ASC 842   1,573  
Asset retirement obligations   $ 23 $ (141)