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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (158,227) $ 17,698
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion, amortization and accretion 140,579 114,331
Exploration expense 30,311 36,193
Stock-based compensation 3,585 7,614
Impairment of oil and gas properties 6,849  
Net cash for plugging wells (222) (444)
(Gain) loss on derivative instruments 11,329 (40,620)
Net cash receipts on settled derivatives 61,877 11,072
Gain on sale of assets (1,478) (734)
Amortization of deferred financing costs 2,041 2,160
Amortization of debt discount 1,000 998
Changes in operating assets and liabilities:    
Accounts receivable 15,437 68,056
Other assets (126) 619
Accounts payable and accrued liabilities (40,124) (40,634)
Net cash provided by operating activities 72,831 176,309
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for oil and gas properties (122,019) (268,768)
Capital expenditures for other property and equipment (271) (576)
Proceeds from sale of assets 1,393 1,810
Cash acquired in merger   12,894
Change in deposits and other long-term assets   (53)
Net cash used in investing activities (120,897) (254,693)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from other notes payable 1,141  
Debt issuance costs (80) (4,242)
Repayments of long-term debt (575) (260)
Proceeds from revolving credit facility 40,000 95,000
Equity issuance costs   (31)
Employee tax withholding for settlement of equity compensation awards (463) (6,511)
Net cash provided by financing activities 40,023 83,956
Net increase (decrease) in cash and cash equivalents (8,043) 5,572
Cash and cash equivalents at beginning of period 12,056 5,959
Cash and cash equivalents at end of period 4,013 11,531
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 52,590 51,280
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Asset retirement obligations incurred, including changes in estimate 196 1,006
Additions to oil and natural gas properties - changes in accounts payable, accrued liabilities, and accrued capital expenditures $ (18,541) 16,583
BRMR Merger consideration   $ 275,759