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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 22,811 $ (92,744)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depletion, depreciation and accretion 16,148 10,220
Stock-based compensation, net 227 384
Unrealized loss (gain) on derivative contracts (21,004) 91,038
Amortization of deferred loan costs 1,798 899
Reorganization items   (744)
Accrued settlements on derivative contracts (555) 12,809
Change in fair value of embedded derivative liability (1,062) (2,032)
Other expense (income) 11  
Change in assets and liabilities:    
Accounts receivable 6,928 (5,638)
Prepaids and other 103 98
Accounts payable and accrued liabilities (26,094) (2,243)
Net cash provided by (used in) operating activities (689) 12,047
Cash flows from investing activities:    
Oil and natural gas capital expenditures (28,611) (15,684)
Proceeds received from sale of oil and natural gas assets 1,189  
Other operating property and equipment capital expenditures (269)  
Other (5) (160)
Net cash provided by (used in) investing activities (27,696) (15,844)
Cash flows from financing activities:    
Repayments of borrowings (5,017) (85)
Payment of deferred debt financing costs   (379)
Proceeds from issuance of preferred stock 24,375  
Other (454) (461)
Net cash provided by (used in) financing activities 18,904 (925)
Net increase (decrease) in cash, cash equivalents and restricted cash (9,481) (4,722)
Cash, cash equivalents and restricted cash at beginning of period 32,816 48,359
Cash, cash equivalents and restricted cash at end of period $ 23,335 $ 43,637