Investor Relations

Cash Flow

v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income (loss) $ (11,372) $ 63,723
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 71,839 77,838
Amortization of debt items and other items 2,485 1,126
Share-based compensation 1,181 2,434
Derivative (gain) loss 47,081 6,219
Cash receipts (payments) on derivative settlements, net 12,792 (1,149)
Deferred income taxes (11,523) 221
Changes in operating assets and liabilities:    
Oil and natural gas receivables 5,992 (6,630)
Joint interest receivables (24,162) 251
Prepaid expenses and other assets (8,134) (14,323)
Asset retirement obligation settlements (2,641) (12,124)
Cash advances from JV partners 18,527 (3,805)
Accounts payable, accrued liabilities and other 4,251 1,411
Net cash provided by operating activities 106,316 115,192
Investing activities:    
Investment in oil and natural gas properties and equipment (63,149) (61,133)
Deposit/acquisition of property interest (10,000) (16,617)
Net cash used in investing activities (73,149) (77,750)
Financing activities:    
Debt issuance costs and other (751) (26)
Net cash used in financing activities (751) (7,060)
Increase in cash and cash equivalents 32,416 30,382
Cash and cash equivalents, beginning of period 33,293 99,058
Cash and cash equivalents, end of period 65,709 129,440
11.00% 1.5 Lien Term Loan Due November 2019 [Member]    
Financing activities:    
Payment of interest on Debt (4,114)
Payment of interest on Debt 4,114
Senior Second Lien Notes Due November 2023 [Member]    
Financing activities:    
Payment of interest on Debt 2,920
Payment of interest on Debt $ (2,920)

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