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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (51,877) $ (10,556)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 34,326 24,407
Accretion of asset retirement obligations 397 290
Settlement of asset retirement obligations (201) (15)
Gain on sale of office and other equipment (22) 0
Total loss on derivative contracts, net 151,480 33,263
Operating portion of net cash paid in settlement of derivative contracts (31,686) (10,905)
Stock-based compensation - equity portion 2,301 3,329
Deferred income taxes (1,327) (308)
Amortization of deferred financing costs 627 141
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (48,735) (5,379)
(Increase) decrease in prepaid expenses and other current assets (1,896) 367
Increase (decrease) in accounts payable and accrued expenses 21,783 5,389
Increase (decrease) in revenues and royalties payable 14,932 (2,081)
Increase (decrease) in advances (7,100) 358
Net cash provided by operating activities 83,002 38,300
Cash flows from investing activities:    
Acquisition of oil and gas properties, net of cash acquired (324,198) (134,641)
Additions to oil and gas properties (55,925) (8,913)
Additions to office and other equipment (590) (226)
Net cash used in investing activities (380,713) (143,780)
Cash flows from financing activities:    
Proceeds from borrowings 582,498 177,114
Repayments of borrowings (278,269) (68,690)
Cash paid related to the exchange and cancellation of Class A Common Stock (3,898) (2,080)
Cash paid for finance leases 0 (20)
Deferred financing costs (6,151) (891)
Net cash provided by financing activities 294,180 105,433
Net decrease in cash (3,531) (47)
Cash at beginning of period 4,013 1,494
Cash at end of period 482 1,447
Cash paid for:    
Interest 4,580 1,922
Non-cash investing and financing activities:    
Deferred acquisition payment - Chisholm 70,000 0
Accrued capital expenditures 49,853 7,775
Lease asset additions - ASC 842 678 0
Asset retirement obligations 86 427
IRM Acquisition    
Non-cash investing and financing activities:    
Class A Common Stock issued in IRM Acquisition 0 76,572
Chisholm Acquisition    
Non-cash investing and financing activities:    
Class A Common Stock issued in IRM Acquisition $ 249,515 $ 0