v3.5.0.2
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES:    
Net loss $ (38,768) $ (168,345)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depletion, depreciation and amortization 59,642 86,146
Impairment of oil and gas properties   220,197
Amortization of debt issuance costs 1,058 1,178
Write-off of debt issuance costs 563  
Gain on debt extinguishment   (1,483)
Unrealized loss on commodity derivatives 8,273 22,929
Exploration expense 3,109 1,626
Share-based compensation expense 4,281 6,000
Deferred income tax benefit (20,847) (93,121)
Other non-cash items (91) 53
Changes in operating assets and liabilities:    
Accounts receivable 3,713 4,851
Prepaid expenses and other current assets 137 (240)
Accounts payable (1,070) (216)
Oil, NGL and gas sales payable (74) (3,925)
Accrued liabilities (32) 6,970
Cash provided by operating activities 19,894 82,620
INVESTING ACTIVITIES:    
Additions to oil and gas properties (17,299) (151,226)
Additions to furniture, fixtures and equipment, net (15) (74)
Change in working capital related to investing activities (1,527) (55,915)
Cash used in investing activities (18,841) (207,215)
FINANCING ACTIVITIES:    
Borrowings under credit facility 40,600 241,500
Repayment of amounts outstanding under credit facility (38,600) (113,500)
Tax withholdings related to restricted stock (17) (105)
Extinguishment of senior notes   (3,413)
Debt issuance costs (197)  
Change in working capital related to financing activities (731)  
Cash provided by financing activities 1,055 124,482
CHANGE IN CASH AND CASH EQUIVALENTS 2,108 (113)
CASH AND CASH EQUIVALENTS, beginning of period 600 432
CASH AND CASH EQUIVALENTS, end of period 2,708 319
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 15,235 13,216
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTION:    
Asset retirement obligations capitalized $ 35 $ 151