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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net loss $ (151,384) $ (45,274)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 40,929 39,486
Stock-based compensation (1,998) 352
Deferred taxes (931) (11,688)
(Gain) loss on derivative financial instruments (80,029) 26,724
Settlements of derivative financial instruments 23,998 (3,579)
Impairment of oil and gas properties 199,908 0
Loss (gain) on disposal of property and equipment 83 (17)
Loss on sale of oil and gas properties 1,254 33,046
Non-cash interest expense 1,374 1,182
Change in fair value of warrants (363) (694)
Changes in operating assets and liabilities:    
Accounts receivable (189) (3,379)
Prepaid expenses and other assets (897) (692)
Accounts payable and accrued expenses (1,344) 2,720
Net cash provided by operating activities 30,411 38,187
Cash flows from investing activities    
Acquisition of oil and gas properties (1,714) (3,025)
Development of oil and gas properties (72,824) (67,696)
Proceeds from sale of oil and gas properties 2,837 11,953
Purchases of other property and equipment (636) (3,267)
Net cash used in investing activities (72,337) (62,035)
Cash flows from financing activities    
Proceeds from borrowings 48,157 54,000
Payments on borrowings (8,109) (32,167)
Net cash provided by financing activities 40,048 21,833
Net decrease in cash and cash equivalents (1,878) (2,015)
Cash and cash equivalents, beginning of the period 3,137 5,355
Cash and cash equivalents, end of the period 1,259 3,340
Supplemental information:    
Cash paid for interest 21,036 19,770
Non-cash investing and financing activities:    
Change in asset retirement obligation 24 (455)
Change in liabilities for capital expenditures $ (16,809) $ 28,384