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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net loss $ (24,142) $ (9,078)
Adjustments to reconcile net loss to net cash provided by operating activities:    
(Gain) loss on disposal of oil and gas properties (919) 625
Accretion of asset retirement obligations 107 106
Depletion, depreciation, and amortization 27,636 26,039
Stock-based compensation 191 866
Deferred taxes (12,129) (5,357)
Loss on derivative financial instruments 5,069 525
Settlements of derivative financial instruments 18,300 18,376
Impairment of oil and gas properties 1,938  
Non-cash interest expense 550 550
Changes in operating assets and liabilities:    
Accounts receivable (818) 1,415
Prepaid expenses and other assets 229 (213)
Accounts payable and accrued expenses (8,479) (8,226)
Net cash provided by operating activities 7,533 25,628
Investing activities    
Acquisition of oil and gas properties (2,717) (3,470)
Development of oil and gas properties (19,003) (54,585)
Proceeds from sales of oil and gas properties 2,720  
Purchases of other property and equipment (177) (135)
Net cash used in investing activities (19,177) (58,190)
Financing activities    
Proceeds from bank borrowings 23,500 32,000
Payments on bank borrowings (11,000) (5,000)
Payments on other note payable (15) (15)
Net cash provided by financing activities 12,485 26,985
Effect of exchange rate changes on cash and cash equivalents (16) 1
Increase (decrease) in cash and cash equivalents 825 (5,576)
Cash and cash equivalents, beginning of the period 4,322 9,992
Cash and cash equivalents, end of the period 5,147 4,416
Supplemental information    
Cash paid for interest expense $ 11,082 $ 10,672