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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (24,139) $ (151,384)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 11,169 40,929
Stock-based compensation 1,088 (1,998)
Deferred taxes 0 (931)
Loss (gain) on derivative financial instruments 64,059 (80,029)
Settlements of derivative financial instruments (12,398) 23,998
Impairment of oil and gas properties 0 199,908
Loss on disposal of property and equipment 0 83
Loss on sale of oil and gas properties 0 1,254
Non-cash interest expense 941 1,374
Change in fair value of warrants 0 (363)
Changes in operating assets and liabilities:    
Accounts receivable (5,001) (189)
Prepaid expenses and other assets (703) (897)
Accounts payable and accrued expenses (7,619) (1,344)
Net cash provided by operating activities 27,397 30,411
Cash flows from investing activities    
Acquisition of oil and gas properties (1,612) (1,714)
Development of oil and gas properties (21,489) (72,824)
Proceeds from sale of oil and gas properties 337 2,837
Purchases of other property and equipment (13) (636)
Net cash used in investing activities (22,777) (72,337)
Cash flows from financing activities    
Proceeds from borrowings 0 48,157
Payments on borrowings (10,121) (8,109)
Net cash (used in) provided by financing activities (10,121) 40,048
Net decrease in cash, cash equivalents and restricted cash (5,501) (1,878)
Cash, cash equivalents and restricted cash, beginning of the period 26,446 3,137
Cash, cash equivalents and restricted cash, end of the period 20,945 1,259
Supplemental information:    
Cash paid for interest 7,496 21,036
Non-cash investing and financing activities:    
Change in asset retirement obligation (945) 24
Change in liabilities for capital expenditures $ 15,326 $ (16,809)