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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 99,678 $ (28,777)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization and impairment 128,180 116,938
Dry holes and abandonments 68 117
Deferred income tax expense 18,303 404
Stock-based compensation expense (758) 4,642
Net (gain) loss on asset disposals 538 (1,113)
Gain on early debt extinguishment (1,112) 0
Amortization of debt discount and issuance costs 396 400
Changes in operating assets and liabilities:    
Accounts receivable 72,482 (21,252)
Income taxes receivable/payable 1,520 442
Inventory and other assets (3,176) 3,179
Accounts payable 24,329 13,958
Accrued liabilities (101,080) (56,199)
Other liabilities (5,019) 935
Net cash provided by operating activities 234,349 33,674
Cash flows from investing activities:    
Purchases of property and equipment (117,601) (94,828)
Proceeds from disposal of assets 1,263 3,576
Other (7) (2,116)
Net cash used in investing activities (116,345) (93,368)
Cash flows from financing activities:    
Purchases of treasury stock (73,586) (13)
Dividends paid (16,916) (8,611)
Repayment of senior notes (7,837) 0
Net cash used in financing activities (98,339) (8,624)
Effect of foreign exchange rate changes on cash 0 (942)
Net increase (decrease) in cash and cash equivalents 19,665 (69,260)
Cash and cash equivalents at beginning of period 137,553 117,524
Cash and cash equivalents at end of period 157,218 48,264
Net cash received (paid) during the period for:    
Interest, net of capitalized interest of $[XXX] in 2023 and $146 in 2022 (8,871) (10,574)
Income taxes (335) (148)
Non-cash investing and financing activities:    
Net increase in payables for purchases of property and equipment 10,057 2,866
Net increase in deposits on equipment purchases $ (6,072) $ (6,046)