v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Operating activities:      
Net (loss) income $ (746) $ 65,980  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 26,637 39,126  
Amortization of debt items and other items 2,019 1,625  
Share-based compensation 454 1,048  
Derivative loss (gain) 24,578 (61,912)  
Derivative cash (payments) receipts, net (4,604) 4,404  
Gain on debt transactions 0 (18,501)  
Deferred income taxes (203) 6,499  
Changes in operating assets and liabilities:      
Oil and natural gas receivables (11,101) 21,954  
Joint interest receivables (4,394) 7,123  
Prepaid expenses and other assets (7,575) 11,011  
Asset retirement obligation settlements (962) (249)  
Cash advances from JV partners (1,023) 13,006  
Accounts payable, accrued liabilities and other 21,884 (6,790)  
Net cash provided by operating activities 44,964 84,324  
Investing activities:      
Investment in oil and natural gas properties and equipment (1,575) (9,542)  
Changes in operating assets and liabilities associated with investing activities (1,758) (24,033)  
Acquisition of property interests 0 (2,002)  
Purchases of furniture, fixtures and other 2 (70)  
Net cash used in investing activities (3,331) (35,647)  
Financing activities:      
Repayments on credit facility (32,000) (25,000)  
Purchase of Senior Second Lien Notes 0 (8,536)  
Net cash used in financing activities (32,000) (33,536)  
Increase in cash and cash equivalents 9,633 15,141  
Cash and cash equivalents, beginning of period 43,726 32,433 $ 32,433
Cash and cash equivalents, end of period $ 53,359 $ 47,574 $ 43,726

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