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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (7,002) $ 16,186
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, and amortization 10,917 15,632
Accretion of asset retirement obligations 202 292
Amortization of deferred charges 347 257
(Gain) loss on commodity derivative instruments 120,020 27,882
Net cash (paid) received on settlement of commodity derivative instruments (31,244) (4,523)
Equity-based compensation 4,551 3,462
Exploratory dry hole expense 0 1,049
Changes in operating assets and liabilities:    
Accounts receivable (2,263) 2,620
Prepaid expenses and other current assets 90 275
Accounts payable, accrued liabilities, and other (12,975) (7,341)
Settlement of asset retirement obligations (67) (105)
NET CASH PROVIDED BY OPERATING ACTIVITIES 82,576 55,686
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to oil and natural gas properties (3,658) (191)
Additions to oil and natural gas properties leasehold costs 0 (21)
Purchases of other property and equipment (31) (2)
Proceeds from farmouts of oil and natural gas properties 3,593 0
NET CASH USED IN INVESTING ACTIVITIES (96) (214)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under credit facility 58,000 39,000
Repayments under credit facility (78,000) (49,000)
NET CASH USED IN FINANCING ACTIVITIES (84,703) (53,479)
NET CHANGE IN CASH AND CASH EQUIVALENTS (2,223) 1,993
CASH AND CASH EQUIVALENTS – beginning of the period 8,876 1,796
CASH AND CASH EQUIVALENTS – end of the period 6,653 3,789
SUPPLEMENTAL DISCLOSURE    
Interest paid 872 941
Common units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders (56,462) (36,272)
Repurchases of common units (2,991) (1,957)
Series B cumulative convertible preferred units on an as-converted basis | Preferred Units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders $ (5,250) $ (5,250)