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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 23,758 $ 34,724
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion, and amortization 5,072 3,975
(Gain) loss on derivative contracts (1,447) 1,064
Realized settlement gains (losses) on derivative contracts (5,876) 1,085
Stock-based compensation 396 356
Other 38 38
Changes in operating assets and liabilities 6,154 (6,879)
Net cash provided by operating activities 39,847 32,193
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (9,392) (5,629)
Purchase of other property and equipment (16) (49)
Proceeds from sale of assets 0 59
Net cash used in investing activities (9,408) (5,619)
CASH FLOWS FROM FINANCING ACTIVITIES    
Reduction of financing lease liability (132) (113)
Proceeds from exercise of stock options 0 28
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (211) (235)
Net cash used in financing activities (343) (320)
NET INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH 30,096 26,254
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 257,468 139,524
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 287,564 165,778
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (32)  
Cash paid for interest, net of amounts capitalized   (145)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Capital expenditures for property, plant and equipment in accounts payables and accrued expenses 8,904 680
Inventory material transfers to oil and natural gas properties 75 0
Asset retirement obligation capitalized $ 12 $ 0