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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ 61,506,000 $ (29,434,000) $ 1,580,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment of proved and unproved oil and gas properties 0 46,878,000 0
Depreciation, depletion and amortization 106,367,000 96,414,000 69,243,000
Accretion of asset retirement obligation 1,065,000 307,000 214,000
Impairment of goodwill 0 17,620,000 0
Gain on sale of oil and gas properties, net (738,000) (204,000) (3,222,000)
Gain on sale of office and other equipment (140,000) 0 0
Settlement of asset retirement obligations (185,000) (195,000) (374,000)
Total loss (gain) on derivative contracts, net 116,761,000 (59,899,000) 43,983,000
Operating portion of net cash received in settlement of derivative contracts (75,966,000) 56,044,000 15,866,000
Stock-based compensation 21,014,000 10,054,000 8,648,000
Deferred income taxes 1,859,000 (657,000) 1,665,000
Write-off of deferred financing costs 0 0 1,242,000
Amortization of deferred financing costs 856,000 322,000 412,000
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable (19,061,000) 11,914,000 (18,035,000)
(Increase) decrease in prepaid expenses and other current assets 58,000 (203,000) 66,000
Increase (decrease) in accounts payable and accrued expenses 9,293,000 481,000 (10,438,000)
Increase (decrease) in revenues and royalties payable 5,985,000 (8,323,000) 7,067,000
Increase (decrease) in advances 2,200,000 (9,617,000) 8,331,000
Net cash provided by operating activities 230,874,000 131,502,000 126,248,000
Cash flows from investing activities:      
Acquisition of oil and gas properties (311,324,000) 0 0
Additions to oil and gas properties (114,521,000) (88,097,000) (204,268,000)
Additions to office and other equipment (1,365,000) (114,000) (527,000)
Proceeds from sale of oil and gas properties 975,000 414,000 4,184,000
Net cash used in investing activities (426,235,000) (87,797,000) (200,611,000)
Cash flows from financing activities:      
Proceeds from borrowings 744,132,000 136,056,000 234,680,000
Repayments of borrowings (539,132,000) (191,056,000) (143,508,000)
Cash paid related to the exchange and cancellation of Class A Common Stock (4,144,000) (836,000) (1,135,000)
Cash paid for finance leases (70,000) (130,000) (392,000)
Deferred financing costs (2,906,000) (67,000) (1,836,000)
Net cash (used in) provided by financing activities 197,880,000 (56,033,000) 87,809,000
Net increase (decrease) in cash 2,519,000 (12,328,000) 13,446,000
Cash at beginning of period 1,494,000 13,822,000 376,000
Cash at end of period 4,013,000 1,494,000 13,822,000
Cash paid for:      
Interest 9,648,000 4,588,000 6,405,000
Income taxes 325,000 0 0
Non-cash investing and financing activities:      
Accrued capital expenditures 23,558,000 7,328,000 28,356,000
Lease asset additions - ASC 842 0 0 3,722,000
Asset retirement obligations 2,178,000 762,000 105,000
IRM Acquisition      
Non-cash investing and financing activities:      
Class A Common Stock issued 76,572,000 0 0
Tracker/Sequel Acquisition      
Non-cash investing and financing activities:      
Class A Common Stock issued 61,814,000 0 0
Foreland Acquisition      
Non-cash investing and financing activities:      
Class A Common Stock issued $ 28,121,000 $ 0 $ 0