XML 26 R8.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:      
Net income (loss) $ 21,398 $ 118,011 $ (65,666)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss from discontinued operations 0 0 18,797
Oil and gas lease expirations 588 1,953 9,347
Depletion, depreciation, amortization and accretion 6,867 32,113 26,015
Impairment of proved properties 0 7,325 0
Loss on derivatives 5,193 51,574 89,195
Settlements on derivative contracts (16,014) (75,257) (16,304)
Amortization of deferred financing costs 282 731 653
Unit-based compensation expense 0 0 689
Share-based compensation expense 951 3,946 6,104
Deferred income tax expense 5,756 28,372 12,962
Changes in operating assets and liabilities      
Accounts receivable (529) (7,549) (7,345)
Accounts receivable – related parties 456 0 (401)
Prepaid expenses and other current assets (3,172) (997) 201
Accounts payable and accrued liabilities (2,625) 2,860 7,445
Accounts payable - related parties 164 160 0
Revenue payable 2,362 6,380 4,576
Other current liabilities 50 666 (195)
Net Cash Provided by Operating Activities - Continuing Operations 21,727 170,288 86,073
Cash Flows from Investing Activities:      
Additions to oil and natural gas properties (29,011) (111,662) (58,329)
Acquisitions of oil and natural gas properties 0 0 (445)
Acquisitions of land 0 (15,342) 0
Additions to other property and equipment (117) (1,252) (1,714)
Tengasco acquired cash 0 0 860
Net Cash Used in Investing Activities - Continuing Operations (29,128) (128,256) (59,628)
Cash Flows from Financing Activities:      
Deferred financing costs (274) (1,942) (139)
Proceeds from revolving credit facility 5,000 22,000 5,500
Repayments under revolving credit facility 0 (31,000) (46,500)
Payment of common share/unit dividends (6,056) (25,066) (18,286)
Proceeds from issuance of common stock 0 0 50,000
Public offering costs 0 0 (3,316)
Payment of preferred unit dividends 0 0 (1,491)
Common stock repurchased for tax withholding (19) (1,040) (514)
Purchase of common units under long-term incentive plan 0 0 (191)
Net Cash Used in Financing Activities - Continuing Operations (1,349) (37,048) (14,937)
Net Increase (Decrease) in Cash and Cash Equivalents from Continuing Operations (8,750) 4,984 11,508
Cash Flows from Discontinued Operations:      
Operating activities 0 0 7
Investing activities 0 0 3,892
Net Increase in Cash and Cash Equivalents from Discontinued Operations 0 0 3,899
Net Increase (Decrease) in Cash and Cash Equivalents (8,750) 4,984 15,407
Cash and Cash Equivalents, Beginning of Period 17,067 8,317 1,660
Cash and Cash Equivalents, End of Period 8,317 13,301 17,067
Cash Paid For:      
Interest, net of capitalized interest 495 1,749 3,234
Income taxes 0 3,611 191
Non-cash Investing and Financing Activities - Continuing Operations:      
Changes in capital expenditures in accounts payable and accrued liabilities (8,443) 15,229 11,204
Right of use assets obtained in exchange for operating lease liability 0 1,655 0
Preferred unit dividends paid in kind 0 0 904
Common stock issued in exchange for common units 0 0 192,191
Assets acquired and liabilities assumed in business combination 0 0 3,695
Common stock issued for business combination 0 0 26,392
Preferred units converted to common units 0 0 61,196
Non-cash Investing Activities - Discontinued Operations:      
Goodwill incurred in business combination 0 0 19,013
Assets acquired and liabilities assumed in business combination $ 0 $ 0 $ 2,824