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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net (loss) income $ (103,019) $ 19,348
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation, depletion and amortization 88,618 83,582
Stock-based compensation 1,822 1,707
Stock-based payments 0 (601)
Deferred taxes (11,440) 7,601
Loss (gain) on derivative financial instruments 30,861 (22,744)
Settlements of derivative financial instruments (3,550) (22,623)
Impairment of oil and natural gas properties 48,412 12,169
Loss on sale or abandonment of property and equipment 34,560 170
Non-cash interest expense 2,652 5,194
Unrealized gain on warrants (691) (416)
Changes in operating assets and liabilities    
Accounts receivable (4,481) (5,391)
Prepaid expenses and other assets (623) (3,296)
Accounts payable and accrued expenses (2,799) 13,372
Net cash provided by operating activities 80,322 88,072
Cash flows from investing activities    
Acquisition of oil and gas properties (5,642) (45,539)
Development of oil and gas properties (148,438) (171,413)
Proceeds from Sale of Oil and Gas Property and Equipment 11,470 0
Purchases of other property and equipment (3,682) (2,518)
Net cash used in investing activities (146,292) (219,470)
Cash flows from financing activities    
Proceeds from borrowings 139,000 423,745
Payments on borrowings (75,248) (289,520)
Repurchase and retirement of Class B Common Stock 0 (10)
Net cash provided by financing activities 63,752 134,215
Increase in cash and cash equivalents (2,218) 2,817
Cash and cash equivalents, beginning of the period 5,355 2,538
Cash and cash equivalents, end of the period 3,137 5,355
Supplemental information:    
Cash paid for taxes 38 1,242
Cash paid for interest 41,217 24,395
Non-cash investing and financing activities:    
Asset retirement obligation (440) 1,331
Increase (decrease) in liabilities for capital expenditures $ 17,993 $ (4,603)