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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 13,575  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income taxes 4,352  
(Gain) loss on sale of oil and gas properties (1)  
Depreciation, depletion and amortization 37,590  
(Gain) loss on derivative financial instruments 7,657  
Cash settlements of derivative financial instruments 5,388  
Amortization of debt discount and issuance costs 1,574  
Stock-based compensation 648  
Decrease in accounts receivable 10,783  
Decrease in other current assets 1,577  
Decrease in accounts payable and accrued expenses (8,428)  
Net cash provided by operating activities 74,715  
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (94,939)  
Prepaid drilling costs 6,030  
Proceeds from sale of oil and gas properties 415  
Net cash used for investing activities (88,494)  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings 45,000  
Repayments under bank credit facility (25,000)  
Debt and stock issuance costs (90)  
Net cash provided by financing activities 19,910  
Net increase (decrease) in cash and cash equivalents 6,131  
Cash and cash equivalents, beginning of period 23,193  
Cash and cash equivalents, end of period $ 29,324  
Predecessor    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss)   $ (41,886)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income taxes   572
(Gain) loss on sale of oil and gas properties   28,600
Depreciation, depletion and amortization   27,152
(Gain) loss on derivative financial instruments   (2,602)
Cash settlements of derivative financial instruments   1,404
Amortization of debt discount and issuance costs   11,056
Interest paid in-kind   9,845
Stock-based compensation   1,601
Decrease in accounts receivable   1,455
Decrease in other current assets   472
Decrease in accounts payable and accrued expenses   (16,113)
Net cash provided by operating activities   21,556
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures   (46,458)
Net cash used for investing activities   (46,458)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings   15,000
Stock used for tax withholdings   (365)
Net cash provided by financing activities   14,635
Net increase (decrease) in cash and cash equivalents   (10,267)
Cash and cash equivalents, beginning of period   61,255
Cash and cash equivalents, end of period   $ 50,988