XML 75 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 31,762 $ 18,826 $ 8,525
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation, depletion, amortization and accretion 156,552 134,940 119,362
Exploration expense 47,775 28,324 31,417
Stock-based compensation 8,784 7,891 9,301
Net cash for plugging wells (1,044)    
(Gain) loss on derivative instruments (48,596) 21,169 (45,365)
Net cash receipts (payments) on settled derivatives 20,323 (26,985) (2,224)
Gain on sale of assets (601) (1,815) (179)
Amortization of deferred financing costs 2,781 2,256 2,098
Amortization of debt discount 1,330 1,327 1,324
Changes in operating assets and liabilities:      
Accounts receivable 67,652 (42,879) (31,780)
Other assets 1,893 (2,192) 1,863
Accounts payable and accrued liabilities (33,182) 84,231 18,404
Net cash provided by operating activities 255,429 225,093 112,746
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures for oil and gas properties (349,710) (275,601) (291,779)
Capital expenditures for other property and equipment (632) (1,007) (2,007)
Proceeds from sale of assets 1,959 10,358 1,317
Cash acquired in merger 12,894    
Change in deposits and other long-term assets (53)    
Net cash used in investing activities (335,542) (266,250) (292,469)
CASH FLOWS FROM FINANCING ACTIVITIES      
Debt issuance costs (4,264) (497) (1,750)
Repayments of long-term debt (321) (506) (453)
Proceeds from revolving credit facility 97,500 32,500  
Equity issuance costs (30) (344) (44)
Employee tax withholding for settlement of equity compensation awards (6,675) (1,261) (2,035)
Net cash provided by (used in) financing activities 86,210 29,892 (4,282)
Net increase (decrease) in cash and cash equivalents 6,097 (11,265) (184,005)
Cash and cash equivalents at beginning of period 5,959 17,224 201,229
Cash and cash equivalents at end of period 12,056 5,959 17,224
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 59,552 51,101 47,362
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES      
Asset retirement obligations incurred, including changes in estimate 2,898 418 679
Additions of other property through debt financing   173 183
Additions to oil and natural gas properties - changes in accounts payable, accrued liabilities, and accrued capital expenditures 17,725 (15,269) 22,264
Assets held for sale     $ (262)
Asset acquisition through stock issuance   $ 90,020  
BRMR Merger consideration $ 275,759