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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (35,736) $ 26,191
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depletion, depreciation and accretion 44,287 36,436
Stock-based compensation, net (1,231) 1,540
Unrealized loss (gain) on derivative contracts 23,469 (23,911)
Amortization of deferred loan costs 5,789 2,726
Reorganization items   (744)
Accrued settlements on derivative contracts 2,846 7,493
Change in fair value of embedded derivative liability (2,582) (3,043)
Other expense (income) 144 (128)
Change in assets and liabilities:    
Accounts receivable 11,410 (1,605)
Prepaids and other 344 407
Accounts payable and accrued liabilities (37,675) 8,452
Net cash provided by (used in) operating activities 11,065 53,814
Cash flows from investing activities:    
Oil and natural gas capital expenditures (36,695) (86,998)
Proceeds received from sale of oil and natural gas assets 1,189 1
Other operating property and equipment capital expenditures (136) (949)
Other (1,464) 166
Net cash provided by (used in) investing activities (37,106) (87,780)
Cash flows from financing activities:    
Proceeds from borrowings   20,122
Repayments of borrowings (25,066) (85)
Payment of deferred debt financing costs   (379)
Proceeds from issuance of preferred stock 61,425  
Other (454) (492)
Net cash provided by (used in) financing activities 35,905 19,166
Net increase (decrease) in cash, cash equivalents and restricted cash 9,864 (14,800)
Cash, cash equivalents and restricted cash at beginning of period 32,816 48,359
Cash, cash equivalents and restricted cash at end of period $ 42,680 $ 33,559