v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income (loss) $ 65,980 $ (47,761)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 39,126 33,766
Amortization of debt items and other items 1,625 1,152
Share-based compensation 1,048 (78)
Derivative (gain) loss (61,912) 48,886
Cash receipts on derivative settlements, net 4,404 11,948
Gain on purchase of debt (18,501)
Deferred Income taxes 6,499 172
Changes in operating assets and liabilities:    
Oil and natural gas receivables 21,954 6,496
Joint interest receivables 7,123 (2,986)
Prepaid expenses and other assets 11,011 (4,269)
Asset retirement obligation settlements (249) (254)
Cash advances from JV partners 13,006 44,644
Accounts payable, accrued liabilities and other (6,790) (6,871)
Net cash provided by operating activities 84,324 84,845
Investing activities:    
Investment in oil and natural gas properties and equipment (33,575) (31,581)
Acquisition of property interest (2,002)
Purchases of furniture, fixtures and other (70)
Net cash used in investing activities (35,647) (31,581)
Financing activities:    
Repayments on credit facility (25,000)
Purchase of Senior Second Lien Notes (8,536)
Debt issuance costs and other (441)
Net cash used in financing activities (33,536) (441)
Increase in cash and cash equivalents 15,141 52,823
Cash and cash equivalents, beginning of period 32,433 33,293
Cash and cash equivalents, end of period $ 47,574 $ 86,116

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