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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2020
Nov. 30, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net loss $ (716) $ (118,139) $ (103,019)
Adjustments to reconcile net loss to net cash provided by operating activities      
Unamortized discounts and debt issuance costs 0 (85,483) 0
Depreciation, depletion and amortization 2,093 70,122 88,618
Stock-based compensation 0 (2,091) 1,822
Deferred taxes 0 (931) (11,440)
Loss (gain) on derivative financial instruments 3,743 (66,699) 30,861
Settlements of derivative financial instruments 0 66,761 (3,550)
Impairment of oil and natural gas properties 0 199,908 48,412
Loss on sale or abandonment of property and equipment 0 1,337 34,560
Non-cash interest expense 131 2,002 2,652
Unrealized gain on warrants 0 (363) (691)
Changes in operating assets and liabilities      
Accounts receivable 3,499 (2,146) (4,481)
Prepaid expenses and other assets (49) 2,233 (623)
Accounts payable and accrued expenses 4,286 21,725 (2,799)
Net cash provided by operating activities 12,987 88,236 80,322
Cash flows from investing activities      
Acquisition of oil and gas properties (53) (2,902) (5,642)
Development of oil and gas properties (247) (100,436) (148,438)
Proceeds from sales of oil and gas properties 0 11,913 11,470
Purchases of other property and equipment (5) (1,007) (3,682)
Net cash used in investing activities (305) (92,432) (146,292)
Cash flows from financing activities      
Proceeds from borrowings 0 332,759 139,000
Payments on borrowings (5,021) (308,205) (75,248)
Payments of financing fees 0 (4,710) 0
Net cash (used) provided by financing activities (5,021) 19,844 63,752
Increase (decrease) in cash, cash equivalents and restricted cash 7,661 15,648 (2,218)
Cash, cash equivalents and restricted cash at beginning of the period 18,785 3,137 5,355
Cash, cash equivalents and restricted cash at end of the period 26,446 18,785 3,137
Supplemental information:      
Cash paid for taxes 0 0 38
Cash received for income tax refunds 4,690 0 0
Cash paid for interest 0 28,081 41,217
Non-cash investing and financing activities:      
Asset retirement obligation 177 (3,013) (440)
Increase (decrease) in liabilities for capital expenditures 239 (39,501) 17,993
Conversion of senior notes and preferred stock into common stock $ 0 $ 91,864 $ 0