XML 67 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities    
Net income $ 8,461 $ 11,720
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Equity in gain of joint venture 0 (2,034)
Change in derivative fair value (6,840) (10,472)
Monetization of derivative contracts 0 12,364
Depreciation, depletion, and amortization 12,285 10,218
Impairment 1,977 1,306
Amortization of deferred financing fees (676) (296)
Accretion of future site restoration 335 235
Stock-based compensation 1,142 1,199
Changes in operating assets and liabilities:    
Accounts receivable (6,474) 1,507
Other 4,941 (79)
Accounts payable and accrued expenses 6,268 (517)
Net cash provided by operating activities 22,771 25,743
Investing Activities    
Capital expenditures, including purchases and development of properties (33,466) (35,116)
Proceeds from sale of oil and gas properties 3,192 0
Net cash used in investing activities (30,274) (35,116)
Financing Activities    
Proceeds from long-term borrowings 21,000 14,500
Payments on long-term borrowings (13,101) (4,089)
Deferred financing fees (96) (603)
Exercise of stock options 44 0
Other (29) (128)
Net cash provided by financing activities 7,818 9,680
Effect of exchange rate changes on cash 56 1
Increase in cash 371 308
Cash and equivalents, at beginning of period 2,061 0
Cash and equivalents, at end of period 2,432 308
Supplemental disclosure of cash flow information:    
Interest paid $ 2,256 $ 2,289