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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2020
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Aug. 21, 2020
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:                      
Net income (loss)   $ 5,743 $ 4,744 $ (4,147) $ (80,831) $ (16,429) $ 10,487 $ (84,978) $ (85,034)   $ (11,579)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:                      
Exploration and abandonment expense           4,854 369 4 4   2,850
Depletion, depreciation and amortization   16,857   1,735   9,877 29,820 5,091 6,385   4,269
Accretion expense           51 72 69 89   72
Stock-based compensation expense           15,776 1,989 0 0   0
Amortization of debt issuance costs           4 77 0 0   0
Derivative-related activity   12,558   0     12,558 0      
Loss on terminated acquisition           0 0 76,500 76,500   0
Deferred income taxes           (1,047) 2,535 0 0   0
Changes in operating assets and liabilities:                      
Accounts receivable           (5,177) (16,064) 2,886 844   70
Prepaid expenses, inventory and other current assets           (506) (366) (3,621) (196)   (209)
Accounts payable and accrued liabilities           (1,990) 5,803 (763) (2,694)   3,755
Net cash provided by (used in) operating activities           5,413 47,280 (4,812) (4,102)   (772)
CASH FLOWS FROM INVESTING ACTIVITIES:                      
Additions to oil and natural gas properties           (64,947) (89,959) (49,016) (49,364)   (60,998)
Changes in working capital associated with oil and natural gas property additions           (5,666) 15,223 7,652 7,348   24,682
Acquisitions of oil and natural gas properties           (1,181) (2,070) (3,298) (3,338)   (10,918)
Other property additions           (145) (61) (50) (50)   (7)
Issuance of notes receivable           0 0 (5,907) (7,482)   (4,193)
Extension payment on acquisition           0 0 (15,000) (15,000)   0
Net cash used in investing activities           (71,939) (76,867) (65,619) (67,886)   (51,434)
CASH FLOWS FROM FINANCING ACTIVITIES:                      
Borrowings under revolving credit facility             14,000 0      
Proceeds from exercises of warrants $ 3,600           5,466 0      
Proceeds from subscription receivable from exercises of warrants             3,596 0      
Proceeds from exercises of stock options             1,574 0      
Debt issuance costs           (405) (1,759) 0 0   0
Contributions from partners           0 0 54,000 54,000   74,023
Net cash provided by financing activities           84,135 22,877 54,000 51,220   74,023
Net decrease in cash and cash equivalents           17,609 (6,710) (16,431) (20,768)   21,817
Cash and cash equivalents, beginning of period     $ 19,552   $ 22,711   19,552 22,711 22,711 $ 22,711  
Cash and cash equivalents, end of period $ 19,552 $ 12,842   $ 6,280   19,552 12,842 6,280   $ 19,552 22,711
Supplemental disclosure of certain cash and non-cash transactions:                      
Cash paid for interest             133 0      
Cash paid (received) for income taxes             0 0      
Non-cash additions to asset retirement obligations           $ (142) $ 600 $ 97 $ 112   $ 312