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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 60,242 $ (37,209)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization expense 24,354 21,504
Impairment expense   3,330
Stock-based compensation 104 135
Deferred income tax (benefit) expense 11,650 (4,374)
(Gain) loss on commodity derivative financial instruments (95,863) 33,343
Net cash settlements received on commodity derivative contracts 6,689 3,796
Unrealized loss on interest rate swaps 2,302 1,681
Amortization of deferred financing fees 886 765
Write-off of deferred financing fees 1,056  
Loss on disposal of proved oil and gas properties 295  
Other   2
Changes in assets and liabilities:    
Accounts receivable trade and other 5,913 7,538
Income tax receivable (83)  
Accounts payable trade (1,164) (7,666)
Accrued liabilities (8,388) 4,031
Other assets and liabilities, net 577 (366)
Net cash provided by operating activities 8,570 26,510
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for proved oil and gas properties (18,238) (53,957)
Capital expenditures for unproved oil and gas properties (15) (174)
Other property and equipment (266) (16)
Net cash used in investing activities (18,519) (54,147)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings   30,000
Payments of debt issuance costs (1,025)  
Principal payments on finance lease obligations (73) (24)
Net cash (used in) provided by financing activities (1,098) 29,976
Net change in cash and cash equivalents (11,047) 2,339
CASH AND CASH EQUIVALENTS    
Beginning of period 12,382 1,581
Effect of exchange rates on cash (123) 3
End of period 1,212 3,923
SUPPLEMENTAL CASH FLOW DISCLOSURES    
Interest paid, net of amounts capitalized 14,175 7,909
Operating lease right-of-use assets obtain in exchange for lease liabilities 6 2,300
Finance lease right-of-use assets obtain in exchange for lease liabilities 44  
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accounts payable and accrued expenses for oil and gas properties $ 30,008 $ 27,230