XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 50,165  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 102,847  
Stock-based compensation expense 9,420  
Impairment and abandonment expenses (29)  
Deferred tax expense (benefit) 17,302  
(Gain) loss on sale of oil and natural gas properties (7,216)  
Non-cash portion of derivative (gain) loss (5,126)  
Amortization of debt issuance costs 348  
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (28,172)  
Increase in prepaid and other assets (12,890)  
Increase in accounts payable and other liabilities 10,501  
Net cash provided by operating activities 137,150  
Cash flows from investing activities:    
Acquisition of oil and natural gas properties (419,471)  
Drilling and development capital expenditures (354,515)  
Purchases of other property and equipment (3,482)  
Proceeds from sales of oil and natural gas properties 10,714  
Net cash used in investing activities (766,754)  
Cash flows from financing activities:    
Issuance of Class A common shares 340,750  
Underwriters discount and offering costs (7,233)  
Proceeds from revolving credit facility 190,000  
Repayment of revolving credit facility (25,000)  
Financing obligation 0  
Debt issuance costs (415)  
Net cash provided by financing activities 498,102  
Net decrease in cash and cash equivalents (131,502)  
Cash and cash equivalents, beginning of period 134,083  
Cash and cash equivalents, end of period 2,581  
Supplemental cash flow information    
Cash paid for interest 1,915  
Supplemental non-cash activity    
Accrued capital expenditures included in accounts payable and accrued expenses 102,152  
Asset retirement obligations incurred, including changes in estimate $ 1,016  
Predecessor    
Cash flows from operating activities:    
Net income (loss)   $ (35,727)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization   60,939
Stock-based compensation expense   0
Impairment and abandonment expenses   2,546
Deferred tax expense (benefit)   (406)
(Gain) loss on sale of oil and natural gas properties   (11)
Non-cash portion of derivative (gain) loss   20,807
Amortization of debt issuance costs   363
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable   3,021
Increase in prepaid and other assets   (165)
Increase in accounts payable and other liabilities   144
Net cash provided by operating activities   51,511
Cash flows from investing activities:    
Acquisition of oil and natural gas properties   (55,566)
Drilling and development capital expenditures   (45,203)
Purchases of other property and equipment   (206)
Proceeds from sales of oil and natural gas properties   0
Net cash used in investing activities   (100,975)
Cash flows from financing activities:    
Issuance of Class A common shares   0
Underwriters discount and offering costs   0
Proceeds from revolving credit facility   55,000
Repayment of revolving credit facility   (5,000)
Financing obligation   (1,894)
Debt issuance costs   0
Net cash provided by financing activities   48,106
Net decrease in cash and cash equivalents   (1,358)
Cash and cash equivalents, beginning of period   1,768
Cash and cash equivalents, end of period   410
Supplemental cash flow information    
Cash paid for interest   4,993
Supplemental non-cash activity    
Accrued capital expenditures included in accounts payable and accrued expenses   16,339
Asset retirement obligations incurred, including changes in estimate   $ 206