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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net loss $ (186,186) $ (29,058)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 59,184 64,120
Stock-based compensation (2,001) 1,294
Deferred taxes (931) (6,983)
(Gain) loss on derivative financial instruments (70,373) 5,177
Settlements of derivative financial instruments 66,761 (3,858)
Non-cash reorganization items 3,072 0
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 33,530
Non-cash interest expense 2,002 1,822
Change in fair value of warrants (363) (594)
Changes in operating assets and liabilities:    
Accounts receivable (5,413) (8,330)
Prepaid expenses and other assets (2,004) (1,102)
Accounts payable and accrued expenses 17,738 (3,128)
Net cash provided by operating activities 82,731 52,873
Cash flows from investing activities    
Acquisition of oil and gas properties (2,186) (5,239)
Development of oil and gas properties (97,973) (119,273)
Proceeds from sale of oil and gas properties 11,913 11,470
Purchases of other property and equipment (1,014) (3,527)
Net cash used in investing activities (89,260) (116,569)
Cash flows from financing activities    
Proceeds from borrowings 48,157 114,000
Payments on borrowings (8,154) (52,218)
Net cash provided by financing activities 40,003 61,782
Net increase (decrease) in cash and cash equivalents 33,474 (1,914)
Cash and cash equivalents, beginning of the period 3,137 5,355
Cash and cash equivalents, end of the period 36,611 3,441
Supplemental information:    
Cash paid for interest 23,831 28,125
Non-cash investing and financing activities:    
Undeclared cumulative dividends on preferred stock 3,671 0
Change in asset retirement obligation 272 (292)
Change in liabilities for capital expenditures $ (37,269) $ 9,098