v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Operating activities:          
Net (loss) income $ (37,964) $ (13,339) $ (90,382) $ 46,737  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation, depletion, amortization and accretion     83,879 93,736  
Amortization of debt items and other items     4,095 5,251  
Share-based compensation     1,779 3,142  
Derivative loss (gain) 73,137 11,161 179,156 (35,337)  
Derivative cash (payments) receipts, net     (39,554) 42,028  
Derivative cash premium (payments)     (32,368)    
Gain on debt transactions 0 0 0 (47,469)  
Deferred income taxes     (18,826) (23,407)  
Changes in operating assets and liabilities:          
Oil and natural gas receivables     504 35,959  
Joint interest receivables     (2,172) 9,039  
Prepaid expenses and other assets     (30,473) 7,951  
Income tax     (153) 1,993  
Asset retirement obligation settlements     (19,744) (2,788)  
Cash advances from JV partners     9,999 2,442  
Accounts payable, accrued liabilities and other     65,551 (24,539)  
Net cash provided by operating activities     111,291 114,738  
Investing activities:          
Investment in oil and natural gas properties and equipment     (16,025) (12,954)  
Changes in operating assets and liabilities associated with investing activities     3,617 (28,229)  
Acquisition of property interests     0 (456)  
Purchases of furniture, fixtures and other     2 (70)  
Net cash used in investing activities     (12,406) (41,709)  
Financing activities:          
Borrowings on credit facility       25,000  
Repayments on credit facility     (80,000) (50,000)  
Purchase of Senior Second Lien Notes     0 (23,930)  
Proceeds from Term Loan     215,000    
Repayments on Term Loan     (11,778)    
Debt issuance costs and other     (8,249)    
Net cash provided by (used in) financing activities     114,973 (48,930)  
Increase in cash and cash equivalents     213,858 24,099  
Cash and cash equivalents, beginning of period     43,726 32,433 $ 32,433
Cash and cash equivalents, end of period $ 257,584 $ 56,532 $ 257,584 $ 56,532 $ 43,726

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