Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income $ 63,723 $ 57,614
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 77,838 80,354
Gain on exchange of debt   7,811
Amortization of debt items and other items 1,126 836
Share-based compensation 2,434 3,466
Derivative (gain) loss (6,219) 7,644
Cash receipts (payments) on derivative settlements, net (1,149) 2,208
Deferred income taxes 221 212
Changes in operating assets and liabilities:    
Oil and natural gas receivables (6,630) 3,675
Joint interest receivables 251 1,965
Insurance reimbursements   30,100
Income taxes (138) (16,960)
Prepaid expenses and other assets (14,323) (3,575)
Escrow deposit - Apache lawsuit   (49,500)
Asset retirement obligation settlements (12,124) (36,021)
Accounts payable, accrued liabilities and other (2,256) 6,666
Net cash provided by operating activities 115,192 65,585
Investing activities:    
Investment in oil and natural gas properties and equipment (31,803) (43,800)
Changes in operating assets and liabilities associated with investing activities (29,330) (827)
Acquisition of property interest (16,617)
Purchases of furniture, fixtures and other   (853)
Net cash used in investing activities (77,750) (45,480)
Financing activities:    
Other (26) (372)
Net cash used in financing activities (7,060) (18,021)
Increase in cash and cash equivalents 30,382 2,084
Cash and cash equivalents, beginning of period 99,058 70,236
Cash and cash equivalents, end of period 129,440 72,320
11.00% 1.5 Lien Term Loan, Due November 2019    
Financing activities:    
Payment of interest (4,114) (4,113)
9.00%/10.75% Second Lien PIK Toggle Notes, Due May 2020    
Financing activities:    
Payment of interest $ (2,920) (7,335)
8.50%/10.00% Third Lien PIK Toggle Notes, Due June 2021    
Financing activities:    
Payment of interest   $ (6,201)