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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (9,396) $ 352,759
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 8,239 5,808
Loss (gain) on derivative instruments 16,564 (15,159)
Cash settlements (paid) received on expired derivative instruments 4,303 (2,709)
Deferred income tax expense (benefit) (4,703) (259,470)
Accretion of asset retirement obligations 2,061 1,942
Share-based compensation (see Note 10) 1,531 941
Amortization and write-off of deferred financing costs 304 461
Bad debt expense 26  
Changes in operating assets and liabilities:    
Accounts receivable 2,530 14,476
Prepaid expenses and other assets 2,306 2,450
Payables and accrued liabilities (16,053) (10,940)
Other   (246)
Net cash provided by operating activities 7,712 90,313
Cash flows from investing activities:    
Additions to oil and gas properties (20,589) (8,187)
Additions to other property and equipment (679) (150)
Additions to restricted investments (2,456) (2,080)
Net cash used in investing activities (23,724) (10,417)
Cash flows from financing activities:    
Advances on Revolving Credit Facility 25,000 10,000
Payments on Revolving Credit Facility (25,000) (75,000)
Shares withheld for taxes (1,745) (2,141)
Net cash used in financing activities (1,745) (67,141)
Net change in cash and cash equivalents (17,757) 12,755
Cash and cash equivalents, beginning of period 20,746  
Cash and cash equivalents, end of period $ 2,989 $ 12,755