XML 17 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ (2,277) $ 362,575
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 16,066 12,880
Loss (gain) on derivative instruments 17,789 (18,957)
Cash settlements (paid) received on expired derivative instruments 7,983 (1,192)
Deferred income tax expense (benefit) (2,568) (259,422)
Accretion of asset retirement obligations 4,157 3,917
Share-based compensation (see Note 10) 3,298 2,281
Settlement of asset retirement obligations (416) (289)
Amortization and write-off of deferred financing costs 608 771
Bad debt expense 26 85
Changes in operating assets and liabilities:    
Accounts receivable 2,763 17,348
Prepaid expenses and other assets (2,784) (4,558)
Payables and accrued liabilities (21,544) (20,662)
Other   444
Net cash provided by operating activities 23,101 95,221
Cash flows from investing activities:    
Additions to oil and gas properties (38,616) (16,772)
Additions to other property and equipment (992) (153)
Additions to restricted investments (4,969) (4,224)
Net cash used in investing activities (44,577) (21,149)
Cash flows from financing activities:    
Advances on Revolving Credit Facility 53,000 10,000
Payments on Revolving Credit Facility (50,000) (80,000)
Deferred financing costs   (60)
Shares withheld for taxes (1,768) (2,147)
Net cash used in financing activities 1,232 (72,207)
Net change in cash and cash equivalents (20,244) 1,865
Cash and cash equivalents, beginning of period 20,746  
Cash and cash equivalents, end of period $ 502 $ 1,865