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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ 95,069 $ 215,866 $ 236,854
Adjustments to reconcile net income to net cash provided by operations:      
Provision for deferred income taxes 35,330 65,905 75,361
Loss on extinguishment of debt 0 27,300 0
(Gain) loss on derivative instruments, net 46,464 (27,602) 60,005
Cash paid on settlement of derivative instruments (14,246) (24,194) (58,096)
Amortization of debt issuance costs 8,278 11,411 5,635
Amortization of discounts on long-term debt 9,865 15,140 7,735
Stock-based compensation expense 12,701 25,957 33,352
Accretion expense 966 522 370
Depletion, depreciation and amortization expense 500,752 424,424 177,742
Exploration and abandonment expense 620 4,242 146
Changes in operating assets and liabilities:      
Accounts receivable 9,347 2,007 (57,218)
Prepaid expenses, inventory and other assets (19,474) 6,923 (11,959)
Accounts payable, accrued liabilities and other current liabilities 4,719 8,488 34,087
Net cash provided by operating activities 690,391 756,389 504,014
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to crude oil and natural gas properties (604,828) (1,009,855) (1,046,739)
Changes in working capital associated with oil and gas property additions (1,294) (100,802) 128,938
Acquisitions of crude oil and natural gas properties (14,844) (15,085) (262,363)
Proceeds from sales of properties 339 0 0
Other property additions (216) (193) (2,244)
Net cash used in investing activities (620,843) (1,125,935) (1,182,408)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repurchased shares under buyback program (35,166) 0 0
Dividends paid (20,058) (11,864) (10,412)
Dividend equivalents paid (2,133) (1,251) (1,196)
Debt issuance costs (58) (28,444) (17,128)
Proceeds from exercises of warrants 1 4,028 7,805
Proceeds from issuance of senior notes, net of discount 0 0 440,179
Repayments under Prior Credit Agreement 0 (525,000) (755,000)
Repayments of 10.000% Senior Notes and 10.625% Senior Notes 0 (475,000) 0
Premium on extinguishment of debt 0 (4,457) 0
Proceeds from issuance of common stock 0 155,768 85,000
Stock offering costs 0 (5,371) (339)
Proceeds from exercises of stock options 0 148 120
Net cash provided by financing activities (177,414) 533,557 674,029
Net (decrease) increase in cash and cash equivalents (107,866) 164,011 (4,365)
Cash and cash equivalents, beginning of period 194,515 30,504 34,869
Cash and cash equivalents, end of period 86,649 194,515 30,504
Supplemental cash flow information:      
Cash paid for interest 151,967 133,104 24,268
Cash paid for income taxes 0 0 0
Supplemental disclosure of non-cash transactions:      
Stock issued for acquisitions 0 0 264,982
Additions to asset retirement obligations 1,068 6,048 2,879
Term Loan Credit Agreement [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments under Term Loan Credit Agreement (120,000) 0 0
Borrowings under Term Loan Credit Agreement, net of discount $ 0 1,170,000 0
Senior Credit Facility Agreement Due 2026 [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under Prior Credit Agreement   $ 255,000 $ 925,000