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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:        
Net income $ 26,127,000 $ 564,000 $ 7,220,000 $ 14,227,000
Adjustments to reconcile net income to net cash provided by operating activities:        
Impairment expense 0 833,000 0 833,000
Depreciation, depletion and amortization 14,079,000 12,842,000 42,281,000 33,362,000
Accretion of asset retirement obligations 52,000 44,000 160,000 128,000
Settlement of asset retirement obligations     (179,000) (79,000)
Loss (gain) on sale of oil and gas properties 120,000 (4,096,000) 446,000 (4,608,000)
Total loss on derivative contracts, net (18,726,000) 17,481,000 19,672,000 33,606,000
Operating portion of net cash received (paid) in settlement of derivative contracts     13,660,000 (13,643,000)
Stock-based compensation     6,680,000 5,535,000
Deferred income taxes     728,000 119,000
Amortization of deferred financing costs 100,000 100,000 336,000 228,000
Changes in assets and liabilities:        
(Increase) decrease in accounts receivable     (5,585,000) (1,476,000)
(Increase) decrease in prepaid expenses and other current assets     (28,000) (372,000)
Increase (decrease) in accounts payable and accrued expenses     (8,330,000) 3,939,000
Increase (decrease) in revenues and royalties payable     (9,042,000) 26,572,000
Increase (decrease) in advances     17,720,000 (1,816,000)
Net cash provided by operating activities     85,739,000 96,555,000
Cash flows from investing activities:        
Additions to oil and gas properties     (120,685,000) (120,124,000)
Additions to office and other equipment     (379,000) (121,000)
Proceeds from sales of oil and gas properties     2,000 5,840,000
Net cash used in investing activities     (121,062,000) (114,405,000)
Cash flows from financing activities:        
Proceeds from borrowings     165,272,000 70,308,000
Repayments of borrowings     (119,099,000) (60,308,000)
Cash paid related to the exchange and cancellation of Class A Common Stock     (827,000) (1,402,000)
Cash paid for finance leases (100,000)   (355,000) 0
Deferred financing costs     (228,000) (274,000)
Net cash provided by financing activities     44,763,000 8,324,000
Net increase (decrease) in cash     9,440,000 (9,526,000)
Cash at beginning of period     376,000 22,955,000
Cash at end of period $ 9,816,000 $ 13,429,000 9,816,000 13,429,000
Cash paid for:        
Interest     4,235,000 1,480,000
Non-cash investing and financing activities:        
Accrued capital expenditures     50,615,000 11,314,000
Lease asset additions - ASC 842     4,710,000  
Asset retirement obligations     $ 43,000 $ (120,000)