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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities    
Net loss $ (94,335) $ (27,333)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Loss on disposal of oil and gas properties 35 629
Accretion of asset retirement obligations 180 214
Depletion, depreciation, and amortization 46,888 58,828
Stock-based compensation 448 2,585
Deferred taxes 27,059 (15,497)
Loss (gain) on derivative financial instruments 8,672 (27,609)
Settlements of derivative financial instruments 29,790 35,284
Gain on redemption of bonds (28,480)  
Impairment of oil and gas properties 33,893 28,623
Non-cash interest expense 7,581 1,100
Unrealized gain on warrants (568)  
Changes in operating assets and liabilities:    
Accounts receivable 234 10,857
Prepaid expenses and other assets (1,856) 223
Accounts payable and accrued expenses (5,272) (17,065)
Net cash provided by operating activities 24,269 50,839
Investing activities    
Acquisition of oil and gas properties (4,340) (8,723)
Development of oil and gas properties (39,382) (85,458)
Proceeds from sales of oil and gas properties 16,174  
Purchases of other property and equipment (233) (337)
Net cash used in investing activities (27,781) (94,518)
Financing activities    
Proceeds from borrowings and related party borrowings 72,063 140,514
Payments on borrowings and related party borrowings (134,697) (102,514)
Proceeds from sale of common stock, net of offering costs 72,807  
Payments of debt issuance\settlement costs (4,912)  
Payments on other notes payable (3) (3)
Net cash provided by financing activities 5,258 37,997
Effect of exchange rate changes on cash and cash equivalents   12
Increase (decrease) in cash and cash equivalents 1,746 (5,670)
Cash and cash equivalents, beginning of the period 4,322 9,992
Cash and cash equivalents, end of the period $ 6,068 $ 4,322