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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net loss $ (58,564) $ (16,536)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Accretion of asset retirement obligations 79 43
Depreciation, depletion and amortization 17,891 15,382
Stock-based compensation 533 450
Stock-based payments 0 (610)
Deferred taxes (12,922) (3,191)
Loss on derivative financial instruments 36,238 11,156
Settlements of derivative financial instruments 1,309 (3,116)
Gain on disposal of property and equipment (17) 0
Loss on abandoned property and equipment 0 170
Loss on sale of oil and gas properties 32,894 0
Non-cash interest expense 699 2,477
Change in fair value of warrants 102 152
Changes in operating assets and liabilities:    
Accounts receivable (2,016) (131)
Prepaid expenses and other assets 304 (709)
Accounts payable and accrued expenses (6,704) 4,310
Net cash provided by operating activities 9,826 9,847
Cash flows from investing activities    
Acquisition of oil and gas properties (2,352) (1,605)
Development of oil and gas properties (29,137) (31,523)
Proceeds from sale of oil and gas properties 12,107 0
Purchases of other property and equipment (2,916) (1,348)
Net cash used in investing activities (22,298) (34,476)
Cash flows from financing activities    
Proceeds from borrowings 30,000 264,565
Payments on borrowings (19,116) (240,436)
Net cash provided by financing activities 10,884 24,129
Net increase in cash and cash equivalents (1,588) (500)
Cash and cash equivalents, beginning of the period 5,355 2,538
Cash and cash equivalents, end of the period 3,767 2,038
Supplemental information:    
Cash paid for taxes 0 1,147
Cash paid for interest 16,743 3,970
Non-cash investing and financing activities:    
Change in asset retirement obligation (522) 32
Change in liabilities for capital expenditures $ 730 $ 406