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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 57,875 $ (32,070)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 23,950 28,068
Loss (gain) on derivative instruments 106,002 142,223
Cash settlements (paid) received on expired derivative instruments (147,926) (90,214)
Gain on extinguishment of debt 0 (5,516)
Accretion of asset retirement obligations 7,081 6,611
Share-based compensation (see Note 11) 2,964 1,047
Settlement of asset retirement obligations (923) (296)
Amortization and write-off of deferred financing costs 649 626
Bad debt expense 1 95
Changes in operating assets and liabilities:    
Accounts receivable 2,815 (61,172)
Prepaid expenses and other assets (3,957) 296
Payables and accrued liabilities 13,812 73,655
Other 2,142 (384)
Net cash provided by operating activities 64,485 62,969
Cash flows from investing activities:    
Additions to oil and gas properties (34,814) (29,294)
Additions to other property and equipment (7) (539)
Additions to restricted investments (6,704) 1
Other 0 404
Net cash used in investing activities (41,525) (29,428)
Cash flows from financing activities:    
Advances on revolving credit facility 5,000 0
Payments on revolving credit facility (45,000) (25,000)
Deferred financing costs (1,196) (25)
Shares withheld for taxes (563) (81)
Net cash used in financing activities (41,759) (25,106)
Net change in cash and cash equivalents (18,799) 8,435
Cash and cash equivalents, beginning of period 18,799 10,364
Cash and cash equivalents, end of period $ 0 $ 18,799