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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net Income (Loss) $ (15,528) $ 94,492
Adjustments to reconcile net income to net cash provided by operating activities -    
Depreciation, depletion, and amortization 92,103 43,998
Accretion of asset retirement obligation 316 224
Deferred income taxes (5,150) 26,612
Stock-based compensation expenses 1,830 1,124
Loss (gain) on derivatives 56,078 (92,249)
Cash Received (Paid) On Settlements of Derivative Contracts 38,371 18,699
Settlements of asset retirement obligations (2) (3)
Other Noncash Income (Expense) 3,362 756
(Increase) decrease in accounts receivable and other current assets (5,374) 30,687
Increase (decrease) in accounts payable and accrued liabilities 24,557 (24,504)
Increase (Decrease) in Income Taxes Payable (465) (300)
Increase (decrease) in accrued interest (1,343) (441)
Net Cash Provided by (Used in) Operating Activities 189,685 99,695
Cash Flows from Investing Activities:    
Additions to property and equipment (80,225) (111,285)
Acquisition of oil and gas properties 11,821 (1,090)
Proceeds from the sale of property and equipment 5,730 0
Net Cash Provided by (Used in) Investing Activities (62,674) (112,375)
Cash Flows from Financing Activities:    
Proceeds from bank borrowings 128,000 121,000
Payments of bank borrowings (254,000) (104,000)
Purchase of treasury shares (534) (2,945)
Net Cash Provided by (Used in) Financing Activities (126,534) 14,055
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash 477 1,375
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 9,206 2,167
Supplemental Disclosures of Cash Flows Information:    
Cash paid during period for interest, net of amounts capitalized 34,072 16,434
Changes in capital accounts payable and capital accruals $ 29,194 $ (3,097)