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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 59,065 $ 136,941
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion, and amortization 16,285 13,038
Gain on derivative contracts (1,447) (3,194)
Realized settlement gains (losses) on derivative contracts 5,876 (867)
Stock-based compensation 1,422 1,131
Other 118 115
Changes in operating assets and liabilities 8,040 (12,534)
Net cash provided by operating activities 89,359 134,630
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for property, plant and equipment (25,681) (31,129)
Acquisition of assets (11,232) (1,431)
Purchase of other property and equipment (29) (49)
Proceeds from sale of assets 1,411 448
Net cash used in investing activities (35,531) (32,161)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid to shareholders (77,804) 0
Reduction of financing lease liability (414) (295)
Proceeds from exercise of stock options 94 77
Proceeds from exercise of warrants 0 5
Tax withholdings paid in exchange for shares withheld on employee vested stock awards (929) (1,177)
Net cash used in financing activities (79,053) (1,390)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS and RESTRICTED CASH (25,225) 101,079
CASH, CASH EQUIVALENTS and RESTRICTED CASH, beginning of year 257,468 139,524
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 232,243 240,603
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest, net of amounts capitalized (75) (198)
Supplemental Disclosure of Noncash Investing and Financing Activities    
Capital expenditures for property, plant and equipment in accounts payables and accrued expenses 888 8,153
Right-of-use assets obtained in exchange for financing lease obligations 443 538
Inventory material transfers to oil and natural gas properties 1,246 0
Asset retirement obligation capitalized 12 0
Asset retirement obligation removed due to divestiture (137) 0
Dividend payable $ 253 $ 0