v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income (loss) $ 187,700 $ (90,382)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 99,384 83,879
Amortization of debt items and other items 6,114 4,095
Share-based compensation 5,179 1,779
Derivative loss 109,892 179,156
Derivative cash (payments) receipts, net (1,022) (39,554)
Derivative cash premium payments (46,111) (32,368)
Deferred income taxes 40,171 (18,826)
Changes in operating assets and liabilities:    
Oil and natural gas receivables (34,276) 504
Joint interest receivables (7,070) (2,172)
Prepaid expenses and other assets (26,816) (30,473)
Income tax 1,480 (153)
Asset retirement obligation settlements (61,285) (19,744)
Cash advances from JV partners (12,055) 9,999
Accounts payable, accrued liabilities and other 65,566 65,551
Net cash provided by operating activities 326,851 111,291
Investing activities:    
Investment in oil and natural gas properties and equipment (29,966) (16,025)
Changes in operating assets and liabilities associated with investing activities (8,237) 3,619
Acquisition of property interests (51,474) 0
Net cash used in investing activities (89,677) (12,406)
Financing activities:    
Repayments on credit facility   (80,000)
Proceeds from Term Loan   215,000
Repayments on Term Loan (33,837) (11,778)
Debt issuance costs (1,290) (8,249)
Other (716)  
Net cash (used in) provided by financing activities (35,843) 114,973
Increase in cash and cash equivalents 201,331 213,858
Cash and cash equivalents and restricted cash, beginning of period 250,216 43,726
Cash and cash equivalents and restricted cash, end of period $ 451,547 $ 257,584

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