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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income (loss) $ 20,115 $ (91,077)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain on sale of non-oil and gas assets (102) (374)
Net (gain) loss on derivative contracts (10,375) 10,346
Derivative contract settlements 3,416 3,187
Monetization of derivative contracts 0 14,370
Depreciation, depletion, and amortization 17,666 17,932
Proved property impairment 0 67,626
Amortization of deferred financing fees 354 763
Accretion of future site restoration 338 381
Stock-based compensation 2,499 2,410
Non-cash director compensation 0 40
Changes in operating assets and liabilities:    
Accounts receivable (2,957) (2,651)
Other assets (812) 1,454
Accounts payable and accrued expenses (7,883) (2,182)
Net cash provided by operating activities 22,259 22,225
Investing Activities    
Capital expenditures, including purchases and development of properties (71,518) (24,632)
Proceeds from the sale of oil and gas properties 15,098 13,571
Proceeds from the sale of non-oil and gas assets 204 4,022
Net cash used in by investing activities (56,216) (7,039)
Financing Activities    
Proceeds from long-term borrowings 60,000 14,000
Payments on long-term borrowings (89,722) (59,739)
Proceeds from issuance of common stock 65,224 27,135
Deferred financing fees (726) (171)
Exercise of stock options 0 49
Net cash (used in) provided by financing activities 34,776 (18,726)
Increase (decrease) in cash and cash equivalents 819 (3,540)
Cash and cash equivalents at beginning of period 0 3,540
Cash and cash equivalents at end of period 819 0
Supplemental disclosure of cash flow information:    
Interest paid 1,427 3,395
Non-cash investing and financing activities    
Issuance of stock for acquisition of oil and gas properties 3,335 0
Change in capital expenditures included in accounts payable 16,510 0
Non-cash investing and financing activities $ 19,845 $ 0