Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.7.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income (loss) $ 24,299 $ (190,509)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 39,990 63,733
Ceiling test write-down of oil and natural gas properties   116,559
Debt issuance costs write-down/amortization of debt items 412 1,684
Share-based compensation 1,928 2,536
Derivative gain (3,955) (2,493)
Cash receipts on derivative settlements 713 4,105
Deferred income taxes 105 (4,882)
Changes in operating assets and liabilities:    
Oil and natural gas receivables (1,882) 8,165
Joint interest receivables 5,042 4,979
Insurance reimbursements 30,100 12
Income taxes   (310)
Prepaid expenses and other assets (7,972) 1,317
Asset retirement obligation settlements (14,499) (3,180)
Accounts payable, accrued liabilities and other 6,902 27,993
Net cash provided by operating activities 81,183 29,709
Investing activities:    
Investment in oil and natural gas properties and equipment (23,338) (12,903)
Changes in operating assets and liabilities associated with investing activities 1,168 (20,680)
Proceeds from sales of assets   1,000
Purchases of furniture, fixtures and other (853)  
Net cash used in investing activities (23,023) (32,583)
Financing activities:    
Borrowings of long-term debt - revolving bank credit facility   340,000
Repayments of long-term debt - revolving bank credit facility   (52,000)
Other (245) 83
Net cash provided by (used in) financing activities (2,301) 288,083
Increase in cash and cash equivalents 55,859 285,209
Cash and cash equivalents, beginning of period 70,236 85,414
Cash and cash equivalents, end of period 126,095 $ 370,623
11.00% 1.5 Lien Term Loan, Due November 2019    
Financing activities:    
Payment of interest on 1.5 Lien Term Loan $ (2,056)