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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net loss $ (26,857) $ (35,401)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Gain on disposal of oil and gas properties   (866)
Accretion of asset retirement obligations 96 160
Depletion, depreciation, and amortization 40,527 38,301
Stock-based compensation 985 313
Deferred taxes (16,043) (10,432)
Gain on disposal of bonds   (29,363)
(Gain) losses on derivative financial instruments (6,505) 3,405
Settlements of derivative financial instruments 4,894 24,322
Impairment of oil and gas properties 27,081 31,082
Non-cash interest expense 4,375 1,677
(Gain) loss on warrants (3,286) 611
Changes in operating assets and liabilities:    
Accounts receivable (5,214) 865
Prepaid expenses and other assets (3,559) (1,961)
Accounts payable and accrued expenses 11,973 (4,479)
Net cash provided by operating activities 28,467 18,234
Investing activities    
Acquisition of oil and gas properties (109,031) (3,115)
Development of oil and gas properties (56,918) (24,856)
Proceeds from sales of oil and gas properties   2,720
Purchases of other property and equipment (11,580) (202)
Net cash used in investing activities (177,529) (25,453)
Financing activities    
Proceeds from borrowings and related party borrowings 102,988 63,714
Payments on borrowings and related party borrowings (27,504) (54,789)
Proceeds from sale of preferred stock 77,800  
Cost to issue equity (2,790)  
Payments of debt issuance costs (2,685)  
Changes in other notes payable (3) (9)
Net cash provided by financing activities 147,806 8,916
Effect of exchange rate changes on cash and cash equivalents   (29)
(Decrease) increase in cash and cash equivalents (1,256) 1,668
Cash and cash equivalents, beginning of the period 6,068 4,322
Cash and cash equivalents, end of the period 4,812 5,990
Net cash used by operating activities:    
Cash paid for taxes 2,465  
Cash paid for interest expense 11,060 14,095
Preferred Stock    
Non-cash investing and financing activities:    
Stock issued for asset acquisition $ 10,795  
Common Stock    
Non-cash investing and financing activities:    
Stock issued for asset acquisition   $ 5,500