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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net loss $ (35,401) $ (2,492)
Adjustments to reconcile net loss to net cash provided by operating activities:    
(Gain) loss on disposal of oil and gas properties (866) 629
Accretion of asset retirement obligations 160 160
Depletion, depreciation, and amortization 38,301 39,861
Stock-based compensation 313 1,746
Deferred taxes (10,432) (1,418)
(Gain) loss on derivative financial instruments 3,405 (18,956)
Settlements of derivative financial instruments 24,322 26,497
Impairment of oil and gas properties 31,082  
Non-cash interest expense 1,677 825
Changes in operating assets and liabilities:    
Accounts receivable 865 8,526
Prepaid expenses and other assets (1,961) (896)
Accounts payable and accrued expenses (4,479) (4,453)
Net cash provided by operating activities 46,986 50,029
Investing activities    
Acquisition of oil and gas properties (3,115) (7,032)
Development of oil and gas properties (24,856) (77,735)
Proceeds from sales of oil and gas properties 2,720  
Purchases of other property and equipment (202) (191)
Net cash used in investing activities (25,453) (84,958)
Financing activities    
Proceeds from borrowings 64,325 123,514
Payments on borrowings (84,152) (93,514)
Payments on other note payable (9) (9)
Net cash provided by (used in) financing activities (19,836) 29,991
Effect of exchange rate changes on cash and cash equivalents (29) (29)
Increase (decrease) in cash and cash equivalents 1,668 (4,967)
Cash and cash equivalents, beginning of the period 4,322 9,992
Cash and cash equivalents, end of the period 5,990 5,025
Supplemental information    
Cash paid for interest expense 14,095 $ 11,020
Common stock issued for asset acquisition $ 5,500