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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net loss $ (20,096) $ (24,142)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Gain on disposal of oil and gas properties   (919)
Accretion of asset retirement obligations 58 107
Depletion, depreciation, and amortization 24,635 27,636
Stock-based compensation 639 191
Deferred taxes (10,985) (12,129)
(Gain) losses on derivative financial instruments (14,162) 5,069
Settlements of derivative financial instruments 2,682 18,300
Impairment of oil and gas properties 27,081 1,938
Non-cash interest expense 3,434 550
Unrealized gain on warrants (2,884)  
Changes in operating assets and liabilities:    
Accounts receivable (1,308) (818)
Prepaid expenses and other assets (3,010) 229
Accounts payable and accrued expenses 11,028 (8,479)
Net cash provided by operating activities 17,112 7,533
Investing activities    
Acquisition of oil and gas properties (108,179) (2,717)
Development of oil and gas properties (37,750) (19,003)
Proceeds from sales of oil and gas properties   2,720
Purchases of other property and equipment (1,522) (177)
Net cash used in investing activities (147,451) (19,177)
Financing activities    
Proceeds from borrowings and related party borrowings 76,079 23,500
Payments on borrowings and related party borrowings (19,500) (11,000)
Proceeds from sale of preferred stock 77,800  
Cost to issue equity (1,000) (15)
Payments of debt issuance costs (2,537)  
Changes in other notes payable (3)  
Net cash provided by financing activities 130,839 12,485
Effect of exchange rate changes on cash and cash equivalents   (16)
Increase in cash and cash equivalents 500 825
Cash and cash equivalents, beginning of the period 6,068 4,322
Cash and cash equivalents, end of the period 6,568 5,147
Net cash used by operating activities:    
Cash paid for taxes 2,240  
Cash paid for interest expense 10,674 $ 11,082
Non-cash investing and financing activities:    
Preferred stock issued for asset acquisition 10,795  
Cost to issue equity included in accounts payable $ 1,500