Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net (loss) income $ (47,761) $ 27,640
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, depletion, amortization and accretion 33,766 38,081
Amortization of debt items and other items 1,152 466
Share-based compensation (78) 1,219
Derivative loss 48,886  
Cash receipts on derivative settlements, net 11,948  
Deferred income taxes 172 109
Changes in operating assets and liabilities:    
Oil and natural gas receivables 6,496 501
Joint interest receivables (2,986) 1,919
Prepaid expenses and other assets (4,269) (6,391)
Asset retirement obligation settlements (254) (7,022)
Cash advances from JV partners 44,644 19,147
Accounts payable, accrued liabilities and other (6,871) (688)
Net cash provided by operating activities 84,845 74,981
Investing activities:    
Investment in oil and natural gas properties and equipment (31,581) (38,271)
Deposit for acquisition   (3,000)
Net cash used in investing activities (31,581) (41,271)
Financing activities:    
Debt issuance costs (441)  
Net cash used in financing activities (441) (2,057)
Increase in cash and cash equivalents 52,823 31,653
Cash and cash equivalents, beginning of period 33,293 99,058
Cash and cash equivalents, end of period $ 86,116 130,711
11.00% 1.5 Lien Term Loan, Due November 2019    
Financing activities:    
Payment of interest   $ (2,057)