v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES:      
Net loss $ (112,359,000) $ (52,243,000) $ (174,104,000)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depletion, depreciation and amortization 70,521,000 79,044,000 109,319,000
Impairment of oil and gas properties 0 0 220,197,000
Amortization of debt issuance costs 866,000 1,396,000 1,561,000
Gain on debt extinguishment (5,053,000)   (10,563,000)
Write-off of debt issuance costs   563,000  
Commodity derivative loss (gain) 262,000 5,484,000 (19,275,000)
Settlements of commodity derivatives (4,359,000) 6,132,000 52,489,000
Exploration expense 3,522,000 3,753,000 1,836,000
Share-based compensation expense 4,656,000 6,279,000 7,954,000
Deferred income tax (benefit) expense 76,487,000 (24,418,000) (93,140,000)
Other non-cash items (32,000) (92,000) (172,000)
Changes in operating assets and liabilities:      
Accounts receivable 400,000 2,250,000 7,878,000
Prepaid expenses and other current assets 83,000 534,000 (325,000)
Accounts payable 907,000 358,000 964,000
Oil, NGLs and gas sales payable 919,000 (55,000) (4,291,000)
Accrued liabilities 634,000 (2,904,000) 2,388,000
Cash provided by operating activities 37,454,000 26,081,000 102,716,000
INVESTING ACTIVITIES:      
Additions to oil and gas properties (47,051,000) (19,788,000) (151,178,000)
Additions to furniture, fixtures and equipment, net (14,000) (16,000) (67,000)
Change in working capital related to investing activities (5,344,000) (4,086,000) (66,102,000)
Cash used in investing activities (52,409,000) (23,890,000) (217,347,000)
FINANCING ACTIVITIES:      
Borrowings under credit facility 111,250,000 50,100,000 272,000,000
Repayment of amounts outstanding under credit facility (93,250,000) (50,100,000) (149,000,000)
Extinguishment of senior notes     (8,722,000)
Tax withholdings related to restricted stock (650,000) (797,000) (210,000)
Equity issuance costs (2,780,000)    
Debt issuance costs (977,000) (197,000)  
Change in working capital related to financing activities 1,362,000 (1,776,000) 731,000
Cash (used in) provided by financing activities 14,955,000 (2,770,000) 114,799,000
CHANGE IN CASH AND CASH EQUIVALENTS   (579,000) 168,000
CASH AND CASH EQUIVALENTS , beginning of year 21,000 600,000 432,000
CASH AND CASH EQUIVALENTS , end of year 21,000 21,000 600,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid for interest 20,584,000 25,972,000 23,634,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTION:      
Asset retirement obligations capitalized $ 39,000 $ 36,000 $ 151,000