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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Cash flows from operating activities:        
Net income (loss) $ (33,375) $ (63,757) $ (127,316) $ 114,491
Adjustments to reconcile net income (loss) to net cash        
Depletion, depreciation and accretion 10,595     18,030
Stock-based compensation, net 594     387
Unrealized loss (gain) on derivative contracts 36,052     (112,378)
Reorganization items, net       (4,984)
Accrued settlements on derivative contracts 4,568     (4,923)
Other income (expense) (117)     7
Change in assets and liabilities:        
Accounts receivable (7,613)     18,919
Prepaids and other 149     1,038
Accounts payable and accrued liabilities 2,505     (18,244)
Net cash provided by (used in) operating activities 13,358     12,343
Cash flows from investing activities:        
Oil and natural gas capital expenditures (13,792)     (48,157)
Proceeds received from sale of oil and natural gas properties 1,076      
Funds held in escrow and other (3)     509
Net cash provided by (used in) investing activities (12,719)     (47,648)
Cash flows from financing activities:        
Proceeds from borrowings 16,000     51,000
Repayments of borrowings (19,000)     (25,000)
Equity issuance costs and other (263)     (32)
Net cash provided by (used in) financing activities (3,263)     25,968
Net increase (decrease) in cash and cash equivalents (2,624)     (9,337)
Cash and cash equivalents at beginning of period 4,295   $ 938 10,275
Cash and cash equivalents at end of period $ 1,671 $ 4,295   938
Supplemental cash flow information:        
Cash paid for reorganization items       4,984
Disclosure of non-cash investing and financing activities:        
Asset retirement obligations       $ 105