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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:        
Net income (loss) $ (11,858) $ 26,127 $ (11,053) $ 7,220
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Depreciation, depletion and amortization 28,538 14,079 76,096 42,281
Impairment of proved and unproved oil and gas properties   0 44,928 0
Impairment of goodwill 0 0 17,620 0
Accretion of asset retirement obligations 47 52 137 160
Settlement of asset retirement obligations     0 (179)
(Gain) loss on sale of oil and gas properties 0 120 (198) 446
Total (gain) loss on derivative contracts, net 6,040 (18,726) (73,065) 19,672
Operating portion of net cash received in settlement of derivative contracts     47,599 13,660
Stock-based compensation     7,665 6,680
Deferred income taxes     112 728
Amortization of deferred financing costs 100 100 241 336
Changes in assets and liabilities:        
(Increase) decrease in accounts receivable     12,102 (5,585)
(Increase) decrease in prepaid expenses and other current assets     (264) (28)
Increase (decrease) in accounts payable and accrued expenses     1,976 (8,330)
Increase (decrease) in revenues and royalties payable     (7,768) (9,042)
Increase (decrease) in advances     (11,412) 17,720
Net cash provided by operating activities     104,716 85,739
Cash flows from investing activities:        
Additions to oil and gas properties     (72,869) (120,685)
Additions to office and other equipment     (111) (379)
Proceeds from sales of oil and gas properties     409 2
Net cash used in investing activities     (72,571) (121,062)
Cash flows from financing activities:        
Proceeds from borrowings     93,923 165,272
Repayments of borrowings     (133,923) (119,099)
Cash paid related to the exchange and cancellation of Class A Common Stock     (531) (827)
Cash paid for finance leases     (125) (355)
Deferred financing costs     0 (228)
Net cash (used in) provided by financing activities     (40,656) 44,763
Net (decrease) increase in cash     (8,511) 9,440
Cash at beginning of period     13,822 376
Cash at end of period $ 5,311 $ 9,816 5,311 9,816
Cash paid for:        
Interest     3,613 4,235
Non-cash investing and financing activities:        
Accrued capital expenditures     2,213 50,615
Lease asset additions - ASC 842     0 4,710
Asset retirement obligations     $ 44 $ 43