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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net (loss) income $ (288,916) $ 28,837
Depreciation, depletion, amortization and accretion 83,630 22,176
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Unproved leasehold amortization and impairment and dry hole expense 25,642 4,475
Gain on sale of oil and natural gas properties 0 (838)
Amortization of deferred financing costs 571 39
Amortization of deferred rent 662 0
Loss (gain) on derivative contracts 100,920 (2,385)
Net cash (paid) received upon settlement of derivative contracts (27,462) 2,385
Equity-based compensation 8,060 0
Deferred income taxes 299,662 0
Other (111) (8)
Changes in operating assets and liabilities increasing (decreasing) cash:    
Accounts receivable – Oil, natural gas and natural gas liquid sales 27,162 (10,820)
Accounts receivable – Affiliates (9,994) (1,877)
Accounts receivable – Joint interest owners and other (110,671) (8,410)
Prepaid drilling advances (55,815) 0
Other current assets (5,398) (1,805)
Accounts payable and accrued liabilities 37,773 37,816
Accounts payable and accrued liabilities – Affiliates (24,474) 1,913
Drilling advances 57,374 (25,363)
Revenue payable 88,029 13,113
Net cash provided by operating activities 206,644 59,248
Cash flows from investing activities    
Acquisition of oil and natural gas properties (22,935) (42,701)
Capital expenditures for oil and natural gas properties (485,580) (138,152)
Acquisition of other property and equipment (2,353) (153)
Proceeds from sale of oil and natural gas properties 0 1,435
Purchase of investment 0 (3,000)
Net cash used in investing activities (510,868) (182,571)
Cash flows from financing activities    
Proceeds from borrowings 309,300 75,340
Repayment of borrowings 0 (40,000)
Deferred financing costs (2,279) (2,340)
Proceeds from (Payments for) Other Financing Activities 368 0
Contributions from Citizen members 0 95,557
Distributions to Citizen members 0 (11,147)
Net cash provided by financing activities 306,653 117,410
Net increase (decrease) in cash and cash equivalents 2,429 (5,913)
Cash and cash equivalents, beginning of period 1,471 6,853
Cash and cash equivalents, end of period 3,900 940
Supplemental disclosure of cash flow information    
Cash paid for interest, net of capitalized interest 4,024 341
Supplemental disclosure of non-cash investing and financing activities    
Change in accrued capital expenditures 38,593 22,456
Acquisition of oil and natural gas properties for equity 39,906 1,281,743
Distribution to Citizen Members of assets and liabilities $ 0 $ (74,467)