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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income $ 1,580 $ 95,213
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of proved and unproved oil and gas properties 0 4,581
Depreciation, depletion and amortization 69,243 47,568
Accretion of asset retirement obligation 214 169
Gain on sale of oil and gas properties, net (3,222) (1,919)
Settlement of asset retirement obligations (374) (79)
Total loss (gain) on derivative contracts, net 43,983 (60,947)
Operating portion of net cash received (paid) in settlement of derivative contracts 15,866 (15,090)
Stock-based compensation 8,648 7,071
Deferred income taxes 1,665 2,470
Write-off of deferred financing costs 1,242 0
Amortization of deferred financing costs 412 325
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (18,035) (8,195)
(Increase) decrease in prepaid expenses and other current assets 66 (376)
Increase (decrease) in accounts payable and accrued expenses (10,438) 1,132
Increase (decrease) in revenues and royalties payable 7,067 31,869
Increase (decrease) in advances 8,331 (1,413)
Net cash provided by operating activities 126,248 102,379
Cash flows from investing activities:    
Acquisition of oil and gas properties 0 (32,551)
Additions to oil and gas properties (204,268) (149,999)
Additions to office and other equipment (527) (170)
Proceeds from sale of oil and gas properties 4,184 5,965
Net cash used in investing activities (200,611) (176,755)
Cash flows from financing activities:    
Proceeds from borrowings 234,680 156,830
Repayments of borrowings (143,508) (103,002)
Cash paid related to the exchange and cancellation of Class A Common Stock (1,135) (1,524)
Cash paid for finance leases (392)  
Deferred financing costs (1,836) (507)
Net cash provided by financing activities 87,809 51,797
Net increase (decrease) in cash 13,446 (22,579)
Cash at beginning of period 376 22,955
Cash at end of period 13,822 376
Cash paid for:    
Interest 6,405 2,290
Non-cash investing and financing activities:    
Accrued capital expenditures 28,356 22,801
Lease asset additions - ASC 842 3,722 0
Asset retirement obligations $ 105 $ 252