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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (6,891) $ (209,722)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion, amortization and impairment 238,491 296,919
Dry holes and abandonments 118 171
Deferred income tax expense (benefit) 404 (37,073)
Stock-based compensation expense 9,804 11,825
Net gain on asset disposals (10,408) (4,052)
Amortization of debt discount and issuance costs 416 412
Changes in operating assets and liabilities:    
Accounts receivable (116,859) (36,438)
Income taxes receivable/payable 542 4,369
Inventory and other assets (17,671) (6,423)
Accounts payable 42,661 34,465
Accrued liabilities (49,487) (8,785)
Other liabilities (6,103) (1,471)
Net cash provided by operating activities 85,017 44,197
Cash flows from investing activities:    
Purchases of property and equipment (191,198) (56,573)
Proceeds from disposal of assets 15,346 15,145
Other (2,342) (223)
Net cash used in investing activities (178,194) (41,651)
Cash flows from financing activities:    
Purchases of treasury stock (12,897) (3,522)
Dividends paid (17,263) (7,523)
Proceeds from borrowings under revolving credit facility 45,000 0
Repayment of borrowings under revolving credit facility (20,000) 0
Net cash used in financing activities (5,160) (11,045)
Effect of foreign exchange rate changes on cash 449 266
Net decrease in cash and cash equivalents (97,888) (8,233)
Cash and cash equivalents at beginning of period 117,524 224,915
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 19,636 216,682
Cash and cash equivalents at end of period 19,636 216,682
Net cash received (paid) during the period for:    
Interest, net of capitalized interest of $400 in 2022 and $56 in 2021 (20,341) (20,604)
Income taxes (880) 4,226
Non-cash investing and financing activities:    
Net increase (decrease) in payables for purchases of property and equipment 19,779 (5,232)
Net (increase) decrease in deposits on equipment purchases (4,363) 117
Cashless exercise of stock options $ 10,368 $ 0