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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities:    
Net income $ 225 $ 20,885
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of non-oil and gas assets (12) (102)
Net loss (gain) on derivative contracts 27,646 (15,831)
Derivative contract settlements (9,847) 2,000
Depreciation, depletion and amortization 18,835 9,789
Amortization of deferred financing fees 207 254
Accretion expense and other 264 224
Stock-based compensation 1,466 1,749
Changes in operating assets and liabilities:    
Accounts receivable (631) 1,895
Other assets 1,381 (1,041)
Accounts payable and accrued expenses 5,752 (6,875)
Net cash provided by operating activities 45,286 12,947
Investing Activities    
Capital expenditures, including purchase and development of properties (73,818) (25,002)
Proceeds from the sale of oil and gas properties 82 10,653
Proceeds from the sale of non-oil and gas assets 27 204
Net cash used in investing activities (73,709) (14,145)
Financing Activities    
Proceeds from long-term borrowings 35,000 20,000
Payments of long-term borrowings (7,129) (82,659)
Exercise of stock options 15
Proceeds from issuance of common stock 65,223
Deferred financing fees (199) (714)
Net cash provided by financing activities 27,687 1,850
(Decrease) increase in cash and cash equivalents (736) 652
Cash and cash equivalents at beginning of period 1,618
Cash and cash equivalents at end of period 882 652
Supplemental disclosure of cash flow information:    
Interest paid 2,577 802
Non-cash investing and financing activities    
Change in capital expenditures included in accounts payable 2,267 15,451
Increase in asset retirement obligation in capital expenditures 36
$ 2,303 $ 15,451