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CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net Loss $ (180,920,000) $ (530,914,000)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 62,128,000 98,565,000
Amortization of Debt Issuance Costs 1,873,000 2,776,000
Loss on Extinguishment of Debt 13,087,000 5,310,000
Amortization of Bond Premium on Long-term Debt (130,000) (570,000)
Deferred Income Taxes 0 210,000
Unrealized (Gain) Loss of Derivative Instruments 301,333,000 (193,570,000)
Loss on Contingent Consideration 375,000 0
Stock-Based Compensation Expense 1,549,000 2,293,000
Impairment Expense 0 762,716,000
Other 2,675,000 (116,000)
Changes in Working Capital and Other Items:    
Accounts Receivable, Net (59,960,000) 65,055,000
Prepaid and Other Expenses (1,286,000) (238,000)
Accounts Payable 13,537,000 (1,546,000)
Accrued Interest 8,338,000 (3,733,000)
Accrued Liabilities and Expenses 6,353,000 (3,999,000)
Net Cash Provided by Operating Activities 168,952,000 202,239,000
Cash Flows from Investing Activities    
Drilling and Development Capital Expenditures (73,296,000) (164,242,000)
Acquisition of Oil and Natural Gas Properties (130,794,000) (25,491,000)
Acquisition Deposit (9,400,000) (774,000)
Purchases of Other Property and Equipment (51,000) (7,000)
Net Cash Used for Investing Activities (213,541,000) (190,514,000)
Cash Flows from Financing Activities    
Advances on Revolving Credit Facility 299,000,000 25,000,000
Repayments on Revolving Credit Facility (568,000,000) (37,000,000)
Repurchases of Second Lien Notes due 2023 (295,918,000) (13,514,000)
Repayment of Unsecured VEN Bakken Note due 2022 (130,000,000) 0
Debt Issuance Costs Paid (12,436,000) (37,000)
Issuance of Common Stock 228,199,000 0
Issuance of Unsecured Notes due 2028 550,000,000 0
Restricted Stock Surrenders - Tax Obligations (839,000) (404,000)
Preferred Dividends Paid (22,002,000) 0
Net Cash Provided (Used) for Financing Activities 48,004,000 (25,955,000)
Net Increase (Decrease) in Cash and Cash Equivalents 3,415,000 (14,230,000)
Cash and Cash Equivalents - Beginning of Period 1,428,000 16,068,000
Cash and Cash Equivalents - End of Period $ 4,843,000 $ 1,838,000

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