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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net (loss) income $ (16,536) $ 3,118
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Accretion of asset retirement obligations 43 20
Depreciation, depletion and amortization 15,382 11,954
Stock-based compensation 450 178
Share based payments (610)  
Deferred taxes (3,191) 1,707
Loss (gain) on derivative financial instruments 11,156 (8,746)
Settlements of derivative financial instruments (3,116) 1,516
Loss on abandoned property and equipment 170  
Non-cash interest expense 2,477 581
Unrealized loss (gain) on warrants 152 (2,270)
Changes in operating assets and liabilities:    
Accounts receivable (131) (2,110)
Prepaid expenses and other assets (709) (378)
Accounts payable and accrued expenses 4,310 7,398
Net cash provided by operating activities 9,847 12,968
Cash flows from investing activities    
Acquisition of oil and gas properties (1,605) (1,563)
Development of oil and gas properties (31,523) (19,076)
Purchases of other property and equipment (1,348) (13)
Net cash used in investing activities (34,476) (20,652)
Cash flows from financing activities    
Proceeds from borrowings and related party borrowings 264,565 9,000
Payments on borrowings and related party borrowings (240,436) (2,500)
Cost to issue equity   (1,000)
Net cash provided by financing activities 24,129 5,500
Net decrease in cash and cash equivalents (500) (2,184)
Cash and cash equivalents, beginning of the period 2,538 6,068
Cash and cash equivalents, end of the period 2,038 3,884
Supplemental information:    
Cash paid for taxes 1,147  
Cash paid for interest 3,970 912
Non-cash investing and financing activities:    
Asset retirement obligation 32 (33)
Increase (decrease) in liabilities for capital expenditures $ 406 $ (5,561)