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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 6,438 $ 50,257  
Adjustments to reconcile net income to net cash provided by operations:      
Provision for deferred income taxes 1,688 14,507  
Loss (gain) on derivative instruments, net 53,043 (3,120)  
Cash paid on settlement of derivative instruments (5,148) (2,194)  
Amortization of debt issuance costs 2,053 2,668  
Amortization of discounts on long-term debt 2,453 4,290  
Stock-based compensation expense 3,798 4,054  
Accretion expense 239 118  
Depletion, depreciation and amortization 130,850 81,131  
Exploration and abandonment expense 274 1,950  
Changes in operating assets and liabilities:      
Accounts receivable (14,414) 15,617  
Prepaid expenses, inventory and other assets (4,722) (2,567)  
Accounts payable, accrued liabilities and other current liabilities (5,113) 23,295  
Net cash provided by operating activities 171,439 190,006  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to crude oil and natural gas properties (147,698) (379,103)  
Changes in working capital associated with crude oil and natural gas property additions 1,705 65,062  
Acquisitions of crude oil and natural gas properties (2,171) (5,463)  
Other property additions (59) (18)  
Net cash used in investing activities (148,223) (319,522)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repurchased shares under buyback program (8,764) 0  
Dividends paid (5,050) (2,776)  
Dividend equivalents paid (530) (282)  
Debt issuance costs (7) (544)  
Proceeds from exercises of stock options 0 148  
Proceeds from exercises of warrants 0 2  
Net cash (used in) provided by financing activities (44,351) 146,548  
Net (decrease) increase in cash and cash equivalents (21,135) 17,032  
Cash and cash equivalents, beginning of period 194,515 30,504 $ 30,504
Cash and cash equivalents, end of period 173,380 47,536 $ 194,515
Supplemental cash flow information:      
Cash paid for interest 39,678 18,078  
Cash paid for income taxes 0 0  
Supplemental disclosure of non-cash transactions:      
Additions to asset retirement obligations 201 768  
Term Loan Credit Agreement [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments under Term Loan Credit Agreement (30,000) 0  
Senior Credit Facility Agreement Due 2026 [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under Prior Credit Agreement $ 0 $ 150,000