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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (231,379) $ 28,160
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred tax expense (benefit) 1,079 (389)
Depreciation, depletion and amortization 52,686 64,424
Ceiling test writedown 214,618 0
Accretion of asset retirement obligation 2,507 2,223
Share-based compensation expense 4,022 4,025
Amortization costs and other 1,679 1,636
Payments to settle asset retirement obligations (1,826) (2,902)
Gain on sale of oil and gas properties (22,359) 0
Changes in working capital accounts:    
Revenue receivable 7,818 2,353
Joint interest billing receivable 20,147 1,279
Accounts payable and accrued liabilities (36,630) 6,561
Advances from co-owners 12,031 15,881
Other (414) 2,610
Net cash provided by operating activities 23,979 125,861
Cash flows provided by (used in) investing activities:    
Investment in oil and gas properties (75,818) (133,048)
Investment in other property and equipment (430) (860)
Sale of oil and gas properties 271,891 10,204
Net cash provided by (used in) investing activities 195,643 (123,704)
Cash flows used in financing activities:    
Net payments for share based compensation 422 651
Deferred financing costs (861) (204)
Payment of preferred stock dividend (3,854) (3,854)
Proceeds from bank borrowings 70,000 10,000
Repayment of bank borrowings (145,000) (12,500)
Net cash used in financing activities (79,293) (5,907)
Net increase (decrease) in cash and cash equivalents 140,329 (3,750)
Cash and cash equivalents, beginning of period 18,243 9,153
Cash and cash equivalents, end of period 158,572 5,403
Cash paid (received) during the period for:    
Interest 36,137 36,606
Income taxes (refunds) $ (26) $ 132