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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Activities      
Net income (loss) $ (1,245) $ 43,110 $ (38,940)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net loss on derivative contracts   0 32,897
Net cash settlements paid on derivative contracts   0 (1,497)
Gain on sale of oil and gas properties 0 (29,359) 0
Loss (gain) on sale of non-oil and gas properties 0 669 (29)
Depreciation, depletion, amortization and accretion of future site restoration   4,807 11,951
Amortization of deferred financing fees and issuance discount   0 5,734
Stock-based compensation 273 3,296 780
Settlements of asset retirement obligations   0 336
Accretion of preferred stock 0 6,198 0
Loss on debt extinguishment 0 6,645 (1,384)
Non-cash interest expense   0 14,406
Non-cash hedge contract termination   0 9,943
Changes in operating assets and liabilities:      
Accounts receivable   8,145 (4,766)
Other assets   (744) (10,186)
Accounts payable and accrued expenses   (6,841) 631
Net cash provided by operating activities   22,636 19,876
Investing Activities      
Capital expenditures, including purchases and development of properties   (1,084) (856)
Proceeds from the sale of oil and gas properties   72,047 117
Proceeds from the sale of non-oil and gas properties   637 256
Net cash provided by (used in) investing activities   71,600 (483)
Financing Activities      
Payments on long-term borrowings   (77,966) (14,296)
Deferred financing fees   (1,203) (157)
Net cash used in financing activities   (79,169) (13,117)
Increase in cash and cash equivalents   15,067 6,276
Cash and cash equivalents at beginning of period   10,034 2,775
Cash and cash equivalents at end of period 9,051 25,101 9,051
Supplemental disclosures of cash flow information:      
Interest paid   70 4,667
Non-cash investing and financing activities:      
Non-cash interest paid in kind   0 14,406
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 2,704
Debt forgiveness (0) (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 0 (6,645) (1,384)
Financing Activities      
Proceeds from long-term borrowings   0 1,336
Non-cash investing and financing activities:      
Debt forgiveness $ (0) $ 6,645 $ 1,384