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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 124,786 $ 31,615
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, and amortization 22,810 31,428
Accretion of asset retirement obligations 407 590
Amortization of deferred charges 694 884
(Gain) loss on commodity derivative instruments 147,369 87,362
Net cash (paid) received on settlement of commodity derivative instruments (93,696) (21,868)
Equity-based compensation 7,275 6,533
Exploratory dry hole expense 0 1,049
(Gain) loss on sale of assets, net (17) 0
Changes in operating assets and liabilities:    
Accounts receivable (43,192) (6,159)
Prepaid expenses and other current assets (501) (448)
Accounts payable, accrued liabilities, and other (5,359) (5,247)
Settlement of asset retirement obligations (437) (160)
NET CASH PROVIDED BY OPERATING ACTIVITIES 160,139 125,579
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions of oil and natural gas properties 0 (10,064)
Additions to oil and natural gas properties (10,072) (2,606)
Additions to oil and natural gas properties leasehold costs 0 (21)
Purchases of other property and equipment (41) (63)
Proceeds from the sale of oil and natural gas properties 17 0
Proceeds from farmouts of oil and natural gas properties 9,951 0
NET CASH USED IN INVESTING ACTIVITIES (145) (12,754)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under credit facility 153,000 84,000
Repayments under credit facility (156,000) (109,000)
Debt issuance costs and other 0 (3,528)
NET CASH USED IN FINANCING ACTIVITIES (156,712) (113,578)
NET CHANGE IN CASH AND CASH EQUIVALENTS 3,282 (753)
CASH AND CASH EQUIVALENTS – beginning of the period 8,876 1,796
CASH AND CASH EQUIVALENTS – end of the period 12,158 1,043
SUPPLEMENTAL DISCLOSURE    
Interest paid 1,864 1,944
Common units    
CASH FLOWS FROM FINANCING ACTIVITIES    
Distributions to unitholders (140,221) (72,593)
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 $ (10,500) $ (10,500)