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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 26,191 $ (54,252)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depletion, depreciation and accretion 36,436 32,729
Stock-based compensation, net 1,540 1,560
Unrealized loss (gain) on derivative contracts (23,911) 69,053
Amortization of deferred loan costs 2,726  
Reorganization items, net (744)  
Loss (gain) on extinguishment of debt   (2,068)
Accrued settlements on derivative contracts 7,493 6,769
Change in fair value of Change of Control Call Option (3,043)  
Other income (expense) (128) (229)
Change in assets and liabilities:    
Accounts receivable (1,605) (8,432)
Prepaids and other 407 806
Accounts payable and accrued liabilities 8,452 1,196
Net cash provided by (used in) operating activities 53,814 47,132
Cash flows from investing activities:    
Oil and natural gas capital expenditures (86,998) (47,204)
Proceeds received from sale of oil and natural gas properties 1 947
Other operating property and equipment capital expenditures (949) (7)
Funds held in escrow and other 166 16
Net cash provided by (used in) investing activities (87,780) (46,248)
Cash flows from financing activities:    
Proceeds from borrowings 20,122 145,000
Repayments of borrowings (85) (148,021)
Debt issuance costs (379)  
Other (492) (290)
Net cash provided by (used in) financing activities 19,166 (3,311)
Net increase (decrease) in cash, cash equivalents and restricted cash (14,800) (2,427)
Cash, cash equivalents and restricted cash at beginning of period 48,359 4,295
Cash, cash equivalents and restricted cash at end of period 33,559 $ 1,868
Supplemental cash flow information:    
Cash paid for reorganization items $ 744