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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net loss $ (45,274) $ (38,130)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 39,486 36,162
Stock-based compensation 352 2,713
Stock-based payments 0 (601)
Deferred taxes (11,688) (6,432)
Loss on derivative financial instruments 26,724 36,620
Settlements of derivative financial instruments (3,579) (8,676)
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 33,046 0
Non-cash interest expense 1,182 3,544
Change in fair value of warrants (694) 2,615
Changes in operating assets and liabilities:    
Accounts receivable (3,379) (254)
Prepaid expenses and other assets (692) (1,159)
Accounts payable and accrued expenses 2,720 12,179
Net cash provided by operating activities 38,187 38,751
Cash flows from investing activities    
Acquisition of oil and gas properties (3,025) (2,862)
Development of oil and gas properties (67,696) (66,761)
Proceeds from sale of oil and gas properties 11,953 0
Purchases of other property and equipment (3,267) (1,498)
Net cash used in investing activities (62,035) (71,121)
Cash flows from financing activities    
Proceeds from borrowings 54,000 290,744
Payments on borrowings (32,167) (255,452)
Net cash provided by financing activities 21,833 35,292
Net increase in cash and cash equivalents (2,015) 2,922
Cash and cash equivalents, beginning of the period 5,355 2,538
Cash and cash equivalents, end of the period 3,340 5,460
Supplemental information:    
Cash paid for taxes 0 1,147
Cash paid for interest 19,770 6,143
Non-cash investing and financing activities:    
Change in asset retirement obligation (455) 183
Change in liabilities for capital expenditures $ 28,384 $ 12,425