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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) $ 6,361,000 $ (906,041,000) $ (76,318,000)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:      
Depletion, Depreciation, Amortization and Accretion 140,828,000 162,120,000 210,201,000
Amortization of Debt Issuance Costs 3,764,000 5,172,000 5,307,000
Write-off of Debt Issuance Costs 0 1,543,000 0
Loss on Extinguishment of Debt 13,087,000 3,718,000 23,187,000
Amortization of Bond (Premium) Discount on Long-term Debt (413,000) (1,037,000) (2,705,000)
Loss on the Sale of Other Property & Equipment 17,000 0 0
Deferred Income Taxes 233,000 210,000 210,000
Unrealized (Gain) Loss on Derivative Instruments 311,328,000 (38,858,000) 173,214,000
Gain on Debt Exchange Derivative 0 0 (1,390,000)
Loss on Contingent Consideration 292,000 169,000 29,512,000
PIK Interest on Second Lien Notes 0 0 1,742,000
Share-Based Compensation Expense 3,621,000 4,119,000 7,955,000
Impairment of Other Current Assets 0 0 6,398,000
Impairment Expense 0 1,066,668,000 0
Other 3,162,000 (234,000) (41,000)
Changes in Working Capital and Other Items:      
Accounts Receivable, Net (122,160,000) 37,637,000 (11,542,000)
Prepaid and Other Expenses (1,999,000) 546,000 3,997,000
Accounts Payable 14,091,000 (1,089,000) (16,928,000)
Accrued Liabilities 12,318,000 342,000 27,166,000
Accrued Interest 11,937,000 (3,300,000) (3,084,000)
Payment of Contingent Consideration 0 0 (37,131,000)
Net Cash Provided By Operating Activities 396,467,000 331,685,000 339,750,000
Cash Flows From Investing Activities      
Drilling and Development Capital Expenditures (182,798,000) (236,691,000) (338,788,000)
Acquisition of Oil and Natural Gas Properties (410,430,000) (46,940,000) (229,182,000)
Acquisition Deposit (40,650,000) 0 0
Purchases of Other Property and Equipment (556,000) (295,000) (1,158,000)
Net Cash Used For Investing Activities (634,434,000) (283,926,000) (569,128,000)
Cash Flows From Financing Activities      
Advances on Revolving Credit Facility 554,000,000 78,000,000 953,000,000
Repayments on Revolving Credit Facility (1,031,000,000) (126,000,000) (513,000,000)
Repayments of Second Lien Notes (295,918,000) (13,514,000) (227,470,000)
Repayments of Senior Unsecured Notes (130,000,000) 0 0
Issuance of Unsecured Notes due 2028 763,500,000 0 0
Debt Issuance Costs Paid (17,611,000) (446,000) (12,219,000)
Debt Derivative Exchange Settlements 0 0 (1,044,000)
Contingent Consideration Settlements 0 0 (11,278,000)
Issuance of Common Stock 438,077,000 0 0
Common Stock Dividends Paid (4,938,000) 0 0
Repurchases of Common Stock 0 0 (15,108,000)
Issuance of Preferred Stock 0 0 70,868,000
Preferred Stock Dividends Paid (29,212,000) 0 0
Restricted Stock Surrenders - Tax Obligations (839,000) (439,000) (660,000)
Net Cash Provided (Used) By Financing Activities 246,059,000 (62,399,000) 243,088,000
Net Increase (Decrease) in Cash and Cash Equivalents 8,092,000 (14,640,000) 13,710,000
Cash and Cash Equivalents – Beginning of Period 1,428,000 16,068,000 2,358,000
Cash and Cash Equivalents – End of Period $ 9,519,000 $ 1,428,000 $ 16,068,000