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Consolidated statements of cash flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (86,781) $ (75,439)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Share-settled equity-based compensation, net 2,053 2,068
Depletion, depreciation and amortization 73,492 38,109
Mark-to-market on derivatives:    
Loss on derivatives, net 325,816 154,365
Settlements paid for matured derivatives, net (125,370) (41,174)
Premiums received for commodity derivatives 0 9,041
Amortization of debt issuance costs 1,541 989
Amortization of operating lease right-of-use assets 5,025 2,997
Deferred income tax benefit (2,095) (762)
Other, net 425 1,491
Changes in operating assets and liabilities:    
Accounts receivable, net (61,742) (3,728)
Other current assets 5,092 (10,264)
Other noncurrent assets, net (15,227) (1,636)
Accounts payable and accrued liabilities 1,842 9,065
Undistributed revenue and royalties 44,294 7,290
Other current liabilities (1,471) (19,622)
Other noncurrent liabilities 3,988 (1,639)
Net cash provided by operating activities 170,882 71,151
Cash flows from investing activities:    
Acquisitions of oil and natural gas properties, net (7,870) 0
Capital expenditures:    
Oil and natural gas properties (143,500) (68,329)
Midstream service assets (293) (329)
Other fixed assets (2,052) (551)
Proceeds from dispositions of capital assets, net of selling costs 2,019 189
Net cash used in investing activities (151,696) (69,020)
Cash flows from financing activities:    
Borrowings on Senior Secured Credit Facility 50,000 15,000
Payments on Senior Secured Credit Facility (55,000) (50,000)
Proceeds from issuance of common stock, net of offering costs 0 26,866
Stock exchanged for tax withholding (5,847) (1,290)
Other 0 2,798
Net cash used in financing activities (10,847) (6,626)
Net increase (decrease) in cash and cash equivalents 8,339 (4,495)
Cash and cash equivalents, beginning of period 56,798 48,757
Cash and cash equivalents, end of period $ 65,137 $ 44,262