v3.4.0.3
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES:    
Net loss $ (13,660) $ (7,708)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depletion, depreciation and amortization 20,229 26,520
Amortization of debt issuance costs 372 393
Unrealized loss on commodity derivatives 957 9,321
Exploration expense 505 592
Share-based compensation expense 1,550 2,217
Deferred income tax benefit (7,245) (3,996)
Other non-cash items (104) 26
Changes in operating assets and liabilities:    
Accounts receivable 4,390 2,219
Prepaid expenses and other current assets (348) (625)
Accounts payable 535 1,697
Oil, NGL and gas sales payable (1,034) (3,705)
Accrued liabilities (856) 228
Cash provided by operating activities 5,291 27,179
INVESTING ACTIVITIES:    
Additions to oil and gas properties (4,874) (74,540)
Additions to furniture, fixtures and equipment, net (3) (52)
Change in working capital related to investing activities 1,563 (12,690)
Cash used in investing activities (3,314) (87,282)
FINANCING ACTIVITIES:    
Borrowings under credit facility 12,600 99,500
Repayment of amounts outstanding under credit facility (13,600) (39,500)
Tax withholdings related to restricted stock (6) (35)
Change in working capital related to financing activities (731)  
Cash (used in) provided by financing activities (1,737) 59,965
CHANGE IN CASH AND CASH EQUIVALENTS 240 (138)
CASH AND CASH EQUIVALENTS, beginning of period 600 432
CASH AND CASH EQUIVALENTS, end of period 840 294
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 1,873 1,177
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTION:    
Asset retirement obligations capitalized $ 28 $ 62