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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ 42,818 $ (37,695)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net loss on derivative contracts 0 32,645
Net cash settlements paid on derivative contracts 0 (255)
Gain on sale of oil and gas properties (29,359) 0
Loss (gain) on sale of non-oil and gas properties 669 (29)
Depreciation, depletion, amortization and accretion of future site restoration 3,147 8,139
Amortization of deferred financing fees and issuance discount 0 3,684
Stock-based compensation 325 507
Accretion of preferred stock 4,064 0
Loss on debt extinguishment 6,645 (1,384)
Non-cash interest expense 0 9,425
Non-cash hedge contract termination 0 9,944
Changes in operating assets and liabilities:    
Accounts receivable 5,748 (3,949)
Other assets (844) (9,946)
Accounts payable and accrued expenses (6,601) (440)
Net cash provided by operating activities 13,322 10,646
Investing Activities    
Capital expenditures, including purchases and development of properties (730) (393)
Proceeds from the sale of oil and gas properties 72,047 141
Proceeds from the sale of non-oil and gas properties 637 228
Net cash provided by (used in) investing activities 71,954 (24)
Financing Activities    
Payments on long-term borrowings (75,604) (6,646)
Deferred financing fees (1,203) (123)
Net cash used in financing activities (76,807) (5,433)
Increase in cash and cash equivalents 8,469 5,189
Cash and cash equivalents at beginning of period 10,034 2,775
Cash and cash equivalents at end of period 18,503 7,964
Supplemental disclosures of cash flow information:    
Interest paid 70 6,085
Non-cash investing and financing activities:    
Non-cash interest paid in kind 0 9,425
Non-cash issuance of preferred stock 137,101 0
Change in capital expenditures included in accounts payable (41) 28
Change in future site restoration on properties sold 1,839 2,705
Debt forgiveness (6,645) 1,384
Paycheck Protection Program, CARES Act [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss on debt extinguishment (6,645) (1,384)
Financing Activities    
Proceeds from long-term borrowings 0 1,336
Non-cash investing and financing activities:    
Debt forgiveness $ 6,645 $ 1,384