Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.4.0.3
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Operating activities:      
Net loss $ (190,509) $ (255,095)  
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation, depletion, amortization and accretion 63,733 125,467  
Ceiling test write-down of oil and natural gas properties 116,559 260,390 $ 987,200
Debt issuance costs write-off/amortization of debt items 1,684 156  
Share-based compensation 2,536 2,816  
Derivative gain (2,493)    
Cash receipts on derivative settlements 4,105    
Deferred income taxes (4,882) (103,574)  
Changes in operating assets and liabilities:      
Oil and natural gas receivables 8,165 21,121  
Joint interest and other receivables 4,979 14,533  
Income taxes (310) (325)  
Prepaid expenses and other assets 1,317 17,246  
Asset retirement obligation settlements (3,180) (19,554)  
Accounts payable, accrued liabilities and other 28,005 (10,263)  
Net cash provided by operating activities 29,709 52,918  
Investing activities:      
Investment in oil and natural gas properties and equipment (12,903) (82,765)  
Changes in operating assets and liabilities associated with investing activities (20,680) (52,176)  
Proceeds from sales of assets 1,000    
Purchases of furniture, fixtures and other   (226)  
Net cash used in investing activities (32,583) (135,167)  
Financing activities:      
Borrowings of long-term debt - revolving bank credit facility 340,000 82,000  
Repayments of long-term debt - revolving bank credit facility (52,000) (15,000)  
Other 83 (50)  
Net cash provided by financing activities 288,083 66,950  
Increase (decrease) in cash and cash equivalents 285,209 (15,299)  
Cash and cash equivalents, beginning of period 85,414 23,666 23,666
Cash and cash equivalents, end of period $ 370,623 $ 8,367 $ 85,414