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
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Operating activities:          
Net income (loss) $ (260,449) $ 9,837 $ (515,544) $ 21,026  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:          
Depreciation, depletion, amortization and accretion 103,342 128,236 228,809 251,542  
Ceiling test write-down of oil and natural gas properties 252,772 0 513,162 0 $ 0
Debt issuance costs write-off/amortization of debt items     2,432 366  
Share-based compensation 2,892 3,887 5,708 7,644  
Derivative loss 1,078 13,079 1,078 20,571  
Cash payments on derivative settlements       (14,310)  
Deferred income taxes     (147,708) 11,921  
Changes in operating assets and liabilities:          
Oil and natural gas receivables     15,285 2,335  
Joint interest and other receivables     11,036 3,550  
Income taxes     (325) 2,918  
Prepaid expenses and other assets     8,929 4,439  
Asset retirement obligation settlements     (21,939) (30,338)  
Accounts payable, accrued liabilities and other     (20,013) (7,204)  
Net cash provided by operating activities     80,910 274,460  
Investing activities:          
Acquisition of property interest in oil and natural gas properties       (53,363)  
Investment in oil and natural gas properties and equipment     (150,994) (212,680)  
Changes in operating assets and liabilities associated with investing activities     (50,849) (3,410)  
Purchases of furniture, fixtures and other     (709) (1,715)  
Net cash used in investing activities     (202,552) (271,168)  
Financing activities:          
Borrowings of long-term debt - revolving bank credit facility     194,000 220,000  
Repayments of long-term debt - revolving bank credit facility     (381,000) (200,000)  
Issuance of 9.00% Term Loan     297,000    
Debt issuance costs     (6,407)    
Dividends to shareholders       (15,129)  
Other     54 (116)  
Net cash provided by financing activities     103,647 4,755  
Increase (decrease) in cash and cash equivalents     (17,995) 8,047  
Cash and cash equivalents, beginning of period     23,666 15,800 15,800
Cash and cash equivalents, end of period $ 5,671 $ 23,847 $ 5,671 $ 23,847 $ 23,666