XML 111 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income (loss) $ (9,077) $ 225,620 $ 22,405
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depletion, depreciation, and amortization 205,498 181,669 114,136
Exploration expense 5,250 2,952 14,415
Accretion of ARO liability 1,087 770 608
Amortization of debt issuance costs 6,043 6,878 2,677
Stock compensation expense 7,562 4,040 10,838
Other non-cash compensation expense 455 758 2,719
Amortization of deferred revenue (1,960) (1,154) (469)
(Gain) loss on commodity derivatives (158,753) (189,641) 2,566
(Gain) loss on sales of assets 3 (297) 78
Deferred income tax provision (2,892) 26,165 (156)
Other - net (961) 376 79
Changes in assets and liabilities      
Accounts receivable 64,510 (2,453) (56,804)
Other assets (251) (565) 163
Accrued interest expense 7,050 7,823 1,891
Accounts payable and accrued liabilities (54,534) 2,482 33,427
Net cash provided by operations 69,030 265,423 148,573
Cash flows from investing activities      
Additions to oil and gas properties (311,305) (474,619) (197,618)
Acquisition of properties     (178,173)
Net adjustments to purchase price of properties acquired   15,709  
Proceeds from sales of assets 41 448 1,607
Acquisition of other property, plant and equipment (1,101) (1,683) (1,634)
Current period settlements of matured derivative contracts 144,145 (3,654) 7,586
Change in restricted cash (181) (104) (45)
Net cash used in investing (168,401) (463,903) (368,277)
Cash flows from financing activities      
Proceeds from issuance of long-term debt 85,000 170,000 220,000
Repayment under long-term debt (335,000) (468,000) (172,000)
Proceeds from senior notes 236,475 500,000  
Payment of debt issuance costs (1,556) (13,416) (683)
Proceeds from sale of common stock 122,779   172,481
Purchase of treasury stock   (358)  
Net cash provided by financing 107,698 188,226 219,798
Net increase (decrease) in cash 8,327 (10,254) 94
Cash      
Beginning of period 13,566 23,820 23,726
End of period 21,893 13,566 23,820
Supplemental disclosure of cash flow information      
Cash paid for interest 52,796 29,560 25,414
Cash paid for income taxes (155) 155  
Change in accrued additions to oil and gas properties (111,210) 49,025 41,945
Current additions to ARO $ 6,349 $ 1,995 $ 1,516