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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income (loss) $ 41,443 $ (25,455)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net (gain) loss on derivative contracts (75,730) 29,075
Net cash settlements paid on derivative contracts 1,713 (311)
Depreciation, depletion and amortization 9,176 13,463
Proved property impairment 26,659
Accretion expense 103 111
Amortization of deferred financing fees and issuance discount 470 121
Stock-based compensation 230 373
Settlement of asset retirement obligation (386)
Changes in operating assets and liabilities:    
Accounts receivable 8,113 10,110
Other assets (3,502) 84
Accounts payable and accrued expenses (5,023) 1,010
Net cash provided by operating activities 3,652 28,195
Investing Activities    
Capital expenditures, including purchases and development of properties (9,549) (28,008)
Proceeds from the sale of oil and gas properties 992
Net cash used in investing activities (9,549) (27,016)
Financing Activities    
Proceeds from long-term borrowings 8,000 3,000
Payments on long-term borrowings (2,069) (4,066)
Deferred financing fees (34) (56)
Exercise of stock options 401
Net cash provided by (used in) financing activities 5,897 (721)
Increase (decrease) in cash and cash equivalents 458
Cash and cash equivalents at beginning of period 867
Cash and cash equivalents at end of period 1,325
Supplemental disclosures of cash flow information:    
Interest paid 4,050 2,939
Non-cash investing and financing activities    
Change in capital expenditures included in accounts payable (4,914) 1,822
Change in asset retirement obligations $ 85