v3.5.0.2
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES:    
Net loss $ (29,695) $ (19,558)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depletion, depreciation and amortization 40,220 54,924
Amortization of debt issuance costs 718 787
Write-off of debt issuance costs 563  
Unrealized loss on commodity derivatives 9,033 23,225
Exploration expense 2,093 1,486
Share-based compensation expense 2,924 4,292
Deferred income tax benefit (15,932) (11,365)
Other non-cash items (105) (38)
Changes in operating assets and liabilities:    
Accounts receivable 3,882 2,410
Prepaid expenses and other current assets (266) (288)
Accounts payable (3,871) (3,423)
Oil, NGL and gas sales payable (49) (3,699)
Accrued liabilities (923) 1,348
Cash provided by operating activities 8,592 50,101
INVESTING ACTIVITIES:    
Additions to oil and gas properties (11,745) (131,414)
Additions to furniture, fixtures and equipment, net (15) (53)
Change in working capital related to investing activities 2,397 (25,214)
Cash used in investing activities (9,363) (156,681)
FINANCING ACTIVITIES:    
Borrowings under credit facility 33,600 182,500
Repayment of amounts outstanding under credit facility (31,600) (75,500)
Tax withholdings related to restricted stock (14) (100)
Debt issuance costs (191)  
Change in working capital related to financing activities (731)  
Cash provided by financing activities 1,064 106,900
CHANGE IN CASH AND CASH EQUIVALENTS 293 320
CASH AND CASH EQUIVALENTS, beginning of period 600 432
CASH AND CASH EQUIVALENTS, end of period 893 752
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 12,500 11,424
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTION:    
Asset retirement obligations capitalized $ 28 $ 116