Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income $ 27,640 $ 24,299
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 38,081 39,990
Amortization of debt items 466 412
Share-based compensation 1,219 1,928
Derivative gain   (3,955)
Cash receipts on derivative settlements, net   713
Deferred income taxes 109 105
Changes in operating assets and liabilities:    
Oil and natural gas receivables 501 (1,882)
Joint interest receivables 1,919 5,042
Insurance reimbursements   30,100
Prepaid expenses and other assets (6,391) (7,972)
Asset retirement obligation settlements (7,022) (14,499)
Cash advances from JV partners 19,147 (2,531)
Accounts payable, accrued liabilities and other (688) 9,433
Net cash provided by operating activities 74,981 81,183
Investing activities:    
Investment in oil and natural gas properties and equipment (21,117) (23,338)
Changes in operating assets and liabilities associated with investing activities (17,154) 1,168
Deposit for acquisition (3,000)
Purchases of furniture, fixtures and other   (853)
Net cash used in investing activities (41,271) (23,023)
Financing activities:    
Other   (245)
Net cash used in financing activities (2,057) (2,301)
Increase in cash and cash equivalents 31,653 55,859
Cash and cash equivalents, beginning of period 99,058 70,236
Cash and cash equivalents, end of period 130,711 126,095
11.00% 1.5 Lien Term Loan, Due November 2019    
Financing activities:    
Payment of interest $ (2,057) $ (2,056)