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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ (28,317) $ (229,707)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depletion, depreciation and accretion 45,408 62,053
Full cost ceiling impairment   215,145
Stock-based compensation, net 2,010 2,578
Unrealized loss (gain) on derivative contracts 47,721 6,143
Amortization of debt issuance costs 379  
Reorganization items, net   (6,565)
Loss (gain) on extinguishment of debt (1,946)  
Accrued settlements on derivative contracts 7,030 170
Other expense (income) (567) 142
Change in assets and liabilities:    
Accounts receivable (4,647) 13,513
Prepaids and other 636 4,712
Accounts payable and accrued liabilities 865 (17,987)
Net cash provided by (used in) operating activities 68,572 50,197
Cash flows from investing activities:    
Oil and natural gas capital expenditures (52,557) (101,788)
Proceeds received from sales of oil and natural gas assets 947 29,029
Acquisition of oil and natural gas properties   (23)
Other operating property and equipment capital expenditures (371) (82)
Funds held in escrow and other 68 510
Net cash provided by (used in) investing activities (51,913) (72,354)
Cash flows from financing activities:    
Proceeds from borrowings 374,000 148,209
Repayments of borrowings (332,085) (132,000)
Debt issuance costs (14,220)  
Equity issuance costs and other (290) (32)
Net cash provided by (used in) financing activities 27,405 16,177
Net increase (decrease) in cash, cash equivalents and restricted cash 44,064 (5,980)
Cash, cash equivalents and restricted cash at beginning of period 4,295 10,275
Cash, cash equivalents and restricted cash at end of period 48,359 4,295
Supplemental cash flow information:    
Cash paid (received) for interest 8,485 7,577
Cash paid (refunded) for income taxes   (1,250)
Cash paid for reorganization items   6,565
Disclosure of non-cash investing and financing activities:    
Asset retirement obligations 836 (592)
Accrued equity issuance costs   $ (19)
Accrued debt issuance costs $ 379