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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net Income (Loss) $ (98,139) $ (71,843)
Adjustments to reconcile to net cash provided by operations:    
Depreciation, depletion and amortization 145,222 93,160
Deferred income taxes (29,601) 0
Impairment, dry hole costs and abandonment expense 1,317 425
Commodity derivative (gain) loss 85,647 76,619
Settlements of commodity derivatives 3,656 (23,848)
Stock compensation and other non-cash charges 6,980 3,490
Amortization of deferred financing costs 1,275 1,131
(Gain) loss on sale of properties 2,901 972
Change in operating assets and liabilities:    
Accounts receivable 18,475 (4,197)
Prepayments and other assets (1,463) (1,089)
Accounts payable, accrued and other liabilities (6,733) (36,033)
Amounts payable to oil and gas property owners (22,923) 25,532
Production taxes payable (8,069) 4,568
Net cash provided by (used in) operating activities 98,545 68,887
Investing Activities:    
Additions to oil and gas properties, including acquisitions (258,153) (220,816)
Additions of furniture, equipment and other (3,574) (470)
Repayment of debt associated with merger, net of cash acquired 0 (53,357)
Proceeds from sale of properties 1,334 194
Other investing activities (1,432) 336
Net cash provided by (used in) investing activities (261,825) (274,113)
Financing Activities:    
Proceeds from debt 150,000 0
Principal payments on debt (1,859) (232)
Other financing activities (1,523) (1,629)
Net cash provided by (used in) financing activities 146,618 (1,861)
Increase (Decrease) in Cash and Cash Equivalents (16,662) (207,087)
Beginning Cash and Cash Equivalents 32,774 314,466
Ending Cash and Cash Equivalents $ 16,112 $ 107,379