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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net Income (loss) $ 22,125 $ (3,869)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion on discounted liabilities 14,199 13,107
Gain on sale and exchange of assets (14,836) (106)
Unrealized loss on derivative instruments, net 4,206 5,968
Deferred income taxes 6,285 (1,514)
Changes in assets and liabilities:    
Accounts receivable (3,443) (3,022)
Due to related parties (40) (38)
Prepaid and other assets 251 (939)
Accounts payable (927) 3,327
Accrued liabilities (340) (1,490)
Net Cash Provided by Operating Activities 27,480 11,424
Cash Flows from Investing Activities:    
Capital expenditures, including exploration expense (2,409) (3,729)
Proceeds from sale of properties and equipment 14,836 106
Net Cash Provided by (Used in) Investing Activities 12,427 (3,623)
Cash Flows from Financing Activities:    
Purchase of stock for treasury (3,187) 0
Proceeds from long-term bank debt and other long-term obligations 0 3,000
Repayment of long-term bank debt and other long-term obligations (36,000) (8,000)
Net Cash Used in Financing Activities (39,187) (5,000)
Net Increase in Cash and Cash Equivalents 720 2,801
Cash and Cash Equivalents at the Beginning of the Period 10,347 996
Cash and Cash Equivalents at the End of the Period 11,067 3,797
Supplemental Disclosures:    
Income taxes paid 75 0
Interest paid $ 481 $ 1,009