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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ (67,304) $ (12,825)
Adjustments to reconcile net income (loss) to net cash    
Depletion, depreciation and accretion 21,844 32,412
Full cost ceiling impairment   60,107
Stock-based compensation, net 1,079 1,173
Unrealized loss (gain) on derivative contracts 70,869 (45,157)
Reorganization items, net   (5,723)
Accrued settlements on derivative contracts 6,972 349
Other income (expense) (287) 464
Change in assets and liabilities:    
Accounts receivable (5,488) 17,618
Prepaids and other (441) 3,468
Accounts payable and accrued liabilities 1,856 (8,782)
Net cash provided by (used in) operating activities 29,100 43,104
Cash flows from investing activities:    
Oil and natural gas capital expenditures (37,593) (91,164)
Proceeds received from sale of oil and natural gas properties 926 500
Funds held in escrow and other (2) 509
Net cash provided by (used in) investing activities (36,669) (90,155)
Cash flows from financing activities:    
Proceeds from borrowings 82,000 81,209
Repayments of borrowings (77,000) (44,000)
Equity issuance costs and other (268) (32)
Net cash provided by (used in) financing activities 4,732 37,177
Net increase (decrease) in cash and cash equivalents (2,837) (9,874)
Cash and cash equivalents at beginning of period 4,295 10,275
Cash and cash equivalents at end of period 1,458 401
Supplemental cash flow information:    
Cash paid for reorganization items   5,723
Disclosure of non-cash investing and financing activities:    
Asset retirement obligations $ 105 $ (90)