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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income (loss) $ 13,690 $ (40,880)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Change in derivative fair value (9,381) (665)
Derivative contract settlements (621) 5,307
Monetization of derivative contracts 0 4,360
Depreciation, depletion, and amortization 5,374 5,892
Proved property impairment 0 35,085
Amortization of deferred financing fees 137 164
Accretion of future site restoration 112 135
Stock-based compensation 770 807
Non-cash director compensation 0 40
Changes in operating assets and liabilities:    
Accounts receivable 4,216 3,059
Other assets 515 (227)
Accounts payable and accrued expenses (3,031) (15,567)
Net cash provided by (used in) operating activities 11,781 (2,490)
Investing Activities    
Capital expenditures, including purchases and development of properties (10,957) (1,587)
Proceeds from the sale of oil and gas properties 10,622 1,597
Net cash (used in) provided by investing activities (335) 10
Financing Activities    
Proceeds from long-term borrowings 6,000 4,000
Payments on long-term borrowings (81,598) (4,578)
Proceeds from issuance of common stock 65,223 0
Deferred financing fees (10) 1
Net cash (used in) provided by financing activities (10,385) (577)
Increase (decrease) in cash and cash equivalents 1,061 (3,057)
Cash and cash equivalents at beginning of period 0 3,540
Cash and cash equivalents at end of period 1,061 483
Supplemental disclosure of cash flow information:    
Interest Paid $ 507 $ 1,110