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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 8 Months Ended 9 Months Ended
Sep. 30, 2020
Aug. 21, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (11,516) $ (85,034) $ (5,833)
Adjustments to reconcile net loss to net cash provided by (used in) operations:      
Exploration and abandonment expense 14 4 2,817
Depletion, depreciation and amortization 2,327 6,385 2,657
Accretion expense 15 89 38
Stock-based compensation expense 14,508
Loss on terminated acquisition 76,500
Deferred income taxes (3)
Changes in operating assets and liabilities:      
Accounts receivable (3,404) 844 1,425
Inventory and other current assets (357) (196)
Accounts payable and accrued liabilities (430) (2,694) 744
Net cash provided by (used in) operating activities 1,154 (4,102) 1,848
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to oil and natural gas properties (17,908) (47,548) (14,823)
Changes in working capital associated with oil and natural gas property additions (23,421) 5,532 5,586
Acquisitions of oil and natural gas properties (704) (3,338) (9,440)
Issuance of notes receivable (7,482)
Other property additions (50) (7)
Extension payment on acquisition (15,000)
Net cash used in investing activities (42,033) (67,886) (18,684)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from stock offering 102,093
Stock offering costs (8,383)
Cash acquired from non-successors in HighPeak business combination 100
Contributions from partners 54,000 19,934
Distributions to partners (2,780)
Net cash provided by financing activities 93,810 51,220 19,934
Net increase (decrease) in cash and cash equivalents 52,931 (20,768) 3,098
Cash and cash equivalents, beginning of period 1,943 22,711 894
Cash and cash equivalents, end of period $ 54,874 $ 1,943 $ 3,992