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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) $ (79,697) $ (67,304)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depletion, depreciation and accretion 22,821 21,844
Stock-based compensation, net 857 1,079
Unrealized loss (gain) on derivative contracts 78,201 70,869
Amortization of deferred loan costs 1,807  
(Gain) loss on sale of other assets (96)  
Reorganization items, net (744)  
Accrued settlements on derivative contracts 14,652 6,972
Change in fair value of Change of Control Call Option (2,595)  
Other income (expense)   (287)
Change in assets and liabilities:    
Accounts receivable (12,596) (5,488)
Prepaids and other 438 (441)
Accounts payable and accrued liabilities 5,285 1,856
Net cash provided by (used in) operating activities 28,333 29,100
Cash flows from investing activities:    
Oil and natural gas capital expenditures (51,377) (37,593)
Proceeds received from sale of oil and natural gas properties   926
Other operating property and equipment capital expenditures (705)  
Proceeds received from sale of other operating property and equipment 96  
Funds held in escrow and other   (2)
Net cash provided by (used in) investing activities (51,986) (36,669)
Cash flows from financing activities:    
Proceeds from borrowings 20,000 82,000
Repayments of borrowings (85) (77,000)
Debt issuance costs (379)  
Other (467) (268)
Net cash provided by (used in) financing activities 19,069 4,732
Net increase (decrease) in cash, cash equivalents and restricted cash (4,584) (2,837)
Cash, cash equivalents and restricted cash at beginning of period 48,359 4,295
Cash, cash equivalents and restricted cash at end of period 43,775 $ 1,458
Supplemental cash flow information:    
Cash paid for reorganization items $ 744