XML 20 R9.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 $ 26,294 $ 7,828
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion on discounted liabilities 23,821 18,889
Gain on sale and exchange of assets (42,078) (26,869)
Unrealized (gain) loss on derivative instruments, net (3,092) 354
Provision for deferred income taxes 10,425 1,648
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable (2,922) 2,009
(Increase) in other current assets and restricted cash (1,164) (612)
Increase (decrease) in accounts payable 1,337 (2,497)
Increase in accrued liabilities 8,771 4,188
Increase in due to related parties 31 22
Net Cash Provided by Operating Activities 21,423 4,960
Cash Flows from Investing Activities:    
Capital expenditures, including exploration expense (40,057) (11,701)
Proceeds from sale of property and equipment 46,977 28,238
Net Cash Provided by (Used in) Investing Activities 6,920 16,537
Cash Flows from Financing Activities:    
Purchase of stock for treasury (5,000) (509)
Purchase of non-controlling interests (60) (187)
Proceeds from long-term bank debt and other long-term obligations 52,000 9,000
Repayment of long-term bank debt and other long-term obligations (67,521) (33,311)
Distributions to non-controlling interests (4,410) (843)
Net Cash Used in Financing Activities (24,991) (25,850)
Net Increase (Decrease) in Cash and Cash Equivalents 3,352 (4,353)
Cash and Cash Equivalents at the Beginning of the Period 6,568 9,750
Cash and Cash Equivalents at the End of the Period 9,920 5,397
Supplemental Disclosures:    
Income taxes paid 2,588 45
Interest paid $ 1,762 $ 2,798