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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ (5,861) $ (9,396)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 8,494 8,239
Loss (gain) on derivative instruments 14,317 16,564
Cash settlements (paid) received on expired derivative instruments 503 4,303
Deferred income tax expense (benefit) (1,538) (4,703)
Accretion of asset retirement obligations 2,183 2,061
Share-based compensation (see Note 11) 1,890 1,531
Settlement of asset retirement obligations (174)  
Amortization and write-off of deferred financing costs 315 304
Bad debt expense   26
Changes in operating assets and liabilities:    
Accounts receivable 3,820 2,530
Prepaid expenses and other assets 3,073 2,306
Payables and accrued liabilities (1,521) (16,053)
Net cash provided by operating activities 25,501 7,712
Cash flows from investing activities:    
Additions to oil and gas properties (24,899) (20,589)
Additions to other property and equipment (313) (679)
Additions to restricted investments (2,536) (2,456)
Proceeds from the sale of oil and natural gas properties 6,251  
Net cash used in investing activities (21,497) (23,724)
Cash flows from financing activities:    
Advances on Revolving Credit Facility 34,000 25,000
Payments on Revolving Credit Facility (36,000) (25,000)
Shares withheld for taxes (2,004) (1,745)
Net cash used in financing activities $ (4,004) (1,745)
Net change in cash and cash equivalents   (17,757)
Cash and cash equivalents, beginning of period   20,746
Cash and cash equivalents, end of period   $ 2,989