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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income $ 3,264 $ 2,002
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on sale of non-oil and gas assets 181
Net loss on derivative contracts 11,358 41,215
Net cash settlements paid on derivative contracts (2,930) (16,575)
Depreciation, depletion, amortization and accretion 38,367 30,241
Amortization of deferred financing fees 418 320
Stock-based compensation 1,398 1,894
Settlement of asset retirement obligation (474)
Changes in operating assets and liabilities:    
Accounts receivable 16,367 (14,326)
Other assets (502) 1,727
Accounts payable and accrued expenses (6,249) 20,025
Net cash provided by operating activities 61,017 66,704
Investing Activities    
Capital expenditures, including purchases and development of properties (89,621) (132,989)
Proceeds from the sale of oil and gas properties 16,765 3,116
Proceeds from the sale of non-oil and gas assets 26
Net cash used in investing activities (72,856) (129,847)
Financing Activities    
Proceeds from long-term borrowings 38,000 93,000
Payments on long-term borrowings (20,199) (31,193)
Deferred financing fees (91) (296)
Exercise of stock options 401 14
Net cash provided by financing activities 18,111 61,525
Increase (decrease) in cash and cash equivalents 6,272 (1,618)
Cash and cash equivalents at beginning of period 867 1,618
Cash and cash equivalents at end of period 7,139
Supplemental disclosures of cash flow information:    
Interest paid 8,706 4,402
Non-cash investing and financing activities    
Properties classified as held for sale 7,876
Change in capital expenditures included in accounts payable (3,445) (3,823)
Change in asset retirement obligations $ (379) $ (1,436)