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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (7,549) $ (11,053)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, depletion and amortization 77,493 76,096
Impairment of proved and unproved oil and gas properties 0 44,928
Impairment of goodwill 0 17,620
Accretion of asset retirement obligations 916 137
Settlement of asset retirement obligations (103) 0
(Gain) on sale of oil and gas properties (740) (198)
(Gain) on sale of office and other equipment (114) 0
Total loss (gain) on derivative contracts, net 117,566 (73,065)
Operating portion of net cash (paid) received in settlement of derivative contracts (46,311) 47,599
Stock-based compensation 10,621 7,665
Deferred income taxes (343) 112
Amortization of deferred financing costs 581 241
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (12,238) 12,102
(Increase) decrease in prepaid expenses and other current assets 900 (264)
Increase (decrease) in accounts payable and accrued expenses 6,090 1,976
Increase (decrease) in revenues and royalties payable 2,556 (7,768)
Increase (decrease) in advances (2,015) (11,412)
Net cash provided by operating activities 147,310 104,716
Cash flows from investing activities:    
Acquisition of oil and gas properties, net of cash acquired (240,431) 0
Additions to oil and gas properties (65,074) (72,869)
Additions to office and other equipment (886) (111)
Proceeds from sales of oil and gas properties 975 409
Net cash used in investing activities (305,416) (72,571)
Cash flows from financing activities:    
Proceeds from borrowings 503,734 93,923
Repayments of borrowings (340,482) (133,923)
Cash paid related to the exchange and cancellation of Class A Common Stock (3,420) (531)
Cash paid for finance leases (70) (125)
Deferred financing costs (2,709) 0
Net cash provided by (used in) financing activities 157,053 (40,656)
Net decrease in cash (1,053) (8,511)
Cash at beginning of period 1,494 13,822
Cash at end of period 441 5,311
Cash paid for:    
Interest 7,126 3,613
Income taxes 687 0
Non-cash investing and financing activities:    
Accrued capital expenditures 18,971 2,213
Asset retirement obligations 242 44
IRM Acquisition    
Non-cash investing and financing activities:    
Class A Common Stock issued in IRM Acquisition 76,572 0
Tracker/Sequel Acquisition    
Non-cash investing and financing activities:    
Class A Common Stock issued in IRM Acquisition $ 61,814 $ 0