v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net loss $ (2,457) $ (746)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 30,911 26,637
Amortization of debt items and other items 2,594 2,019
Share-based compensation 520 454
Derivative loss 79,997 24,578
Derivative cash payments, net (30,515) (4,604)
Deferred income taxes (733) (203)
Changes in operating assets and liabilities:    
Oil and natural gas receivables (37,774) (11,101)
Joint interest receivables (4,476) (4,394)
Prepaid expenses and other assets (12,183) (7,575)
Income tax 44  
Asset retirement obligation settlements (5,492) (962)
Cash advances from JV partners (8,550) (1,023)
Accounts payable, accrued liabilities and other 15,651 21,884
Net cash provided by operating activities 27,537 44,964
Investing activities:    
Investment in oil and natural gas properties and equipment (17,439) (1,575)
Changes in operating assets and liabilities associated with investing activities 2,630 (1,758)
Acquisition of property interests (30,153) 0
Purchases of furniture, fixtures and other   2
Net cash used in investing activities (44,962) (3,331)
Financing activities:    
Repayments on credit facility   (32,000)
Repayments on Term Loan (12,630)  
Debt issuance costs (269)  
Net cash used in financing activities (12,899) (32,000)
(Decrease) increase in cash and cash equivalents (30,324) 9,633
Cash and cash equivalents and restricted cash, beginning of period 250,216 43,726
Cash and cash equivalents and restricted cash, end of period $ 219,892 $ 53,359

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