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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:            
Net Income (Loss) $ 24,937 $ 88,790 $ 119,429 $ 24,535    
Adjustments to reconcile net income to net cash provided by operating activities -            
Depreciation, depletion, and amortization 49,853 26,441 93,850 47,595    
Accretion of asset retirement obligation 240 101 464 200 $ 534  
Deferred income taxes     33,932 1,205    
Stock-based compensation expenses     2,575 2,714    
Loss (gain) on derivatives     (112,243) 162,648    
Cash settlements on derivatives     47,481 (90,603)    
Settlements of asset retirement obligations     (411) (54)    
Write off of Debt Issuance Cost     0 350    
Other Noncash Income (Expense)     1,312 1,668    
(Increase) decrease in accounts receivable and other current assets     26,297 (34,422)    
Increase (decrease) in accounts payable and accrued liabilities     (21,916) (1,254)    
Increase (Decrease) in Income Taxes Payable     229 304    
Increase (decrease) in accrued interest     89 723    
Net Cash Provided by (Used in) Operating Activities     191,088 115,609    
Cash Flows from Investing Activities:            
Additions to property and equipment     (221,464) (93,746)    
Acquisition of oil and gas properties     (248) (272,225)    
Proceeds from the sale of property and equipment     0 2,532 4,300  
Payments on property sale obligations     0 (750)    
Net Cash Provided by (Used in) Investing Activities     (221,712) (364,189)    
Cash Flows from Financing Activities:            
Proceeds from bank borrowings     210,000 482,000    
Payments of bank borrowings     (176,000) (215,000)    
Net proceeds from stock options exercised     0 39    
Purchase of treasury shares     (3,066) (2,965)    
Payments of Debt Issuance Costs     0 (7,207)    
Net Cash Provided by (Used in) Financing Activities     30,934 256,867    
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash     310 8,287    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1,102 $ 9,408 1,102 9,408 $ 792 $ 1,121
Supplemental Disclosures of Cash Flows Information:            
Cash paid during period for interest, net of amounts capitalized     33,340 12,228    
Changes in capital accounts payable and capital accruals     3,485 20,882    
Non-cash equity consideration for acquisitions     $ 0 $ (156,259)