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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities:      
Net (loss) income $ 57,821 $ 16,006 $ (96,378)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Loss (gain) on sale of non-oil and gas assets 181 (102) (374)
Net loss (gain) on derivative contracts (8,060) 1,849 18,028
Net cash settlements received (paid) on derivative contracts (20,241) 2,450 1,790
Monetization of derivative contracts 14,370
Depreciation, depletion and amortization 42,759 26,226 24,431
Proved property impairment 67,626
Amortization of deferred financing fees 440 423 1,019
Accretion expense and other 516 451 491
Stock-based Compensation 2,366 3,238 3,194
Non-cash compensation 40
Changes in operating assets and liabilities:      
Accounts receivable (7,543) (18,569) (4,018)
Other assets 18 155 627
Accounts payable 11,576 6,231 (3,535)
Accrued expenses 167 (235) (439)
Net cash provided by operating activities 80,000 38,123 26,872
Investing Activities      
Capital expenditures, including purchase and development of properties (179,509) (108,236) (31,663)
Proceeds from the sale of oil and gas properties 3,279 16,979 13,570
Proceeds from the sale of non-oil and gas assets 26 204 4,022
Net cash used in investing activities (176,204) (91,053) (14,071)
Financing Activities      
Proceeds from exercise of stock options and restricted stock 15 49
Proceeds from issuance of common stock, net of offering cost of $1.6 million and $3.8 million, respectively 65,224 27,135
Proceeds from long-term borrowings 127,000 82,000 22,000
Payments of long-term borrowings (31,258) (91,786) (65,330)
Deferred financing fees (304) (890) (195)
Net cash (used in) provided by financing activities 95,453 54,548 (16,341)
(Decrease) increase in cash and cash equivalents (751) 1,618 (3,540)
Cash and cash equivalents at beginning of period 1,618 3,540
Cash and cash equivalents at end of period 867 1,618
Supplemental disclosure of cash flow information:      
Interest paid 6,858 2,401 3,899
Income tax paid
Non-cash investing and financing activities      
Change in asset retirement obligation cost and liabilities 1 1,252 285
Properties classified as held for sale 9,685
Asset retirement obligations associated with property acquisitions and dispositions, net (1,799) (1,551) (1,832)
Issuance of stock for acquisition of oil and gas properties 3,335
Change in capital expenditures included in accounts payable $ (6,014) $ 23,507