v3.20.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement of Cash Flows [Abstract]    
Net Income (Loss) $ 368,286 $ (107,162)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 61,809 45,134
Amortization of Debt Issuance Costs 1,461 1,301
Loss on Extinguishment of Debt 5,527 0
Amortization of Bond Premium on Long-term Debt (321) (746)
Deferred Income Taxes 210 0
(Gain) Loss of Derivative Instruments (344,398) 152,169
Gain on Debt Exchange Derivative 0 (6,287)
Loss on Contingent Consideration 0 (1,392)
PIK Interest on Second Lien Notes 0 1,742
Stock-Based Compensation Expense 1,079 2,751
Other (57) (21)
Changes in Working Capital and Other Items:    
Accounts Receivable, Net 10,789 5,939
Prepaid and Other Expenses (251) 178
Accounts Payable (1,514) 5,783
Accrued Interest (2,290) 426
Accrued Liabilities 327 (907)
Net Cash Provided by Operating Activities 100,654 98,908
CASH FLOWS FROM INVESTING ACTIVITIES    
Drilling and Development Capital Expenditures (78,962) (69,786)
Acquisition of Oil and Natural Gas Properties (25,537) (8,122)
Purchases of Other Property and Equipment 0 (5)
Net Cash Used for Investing Activities (104,500) (77,913)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on Revolving Credit Facility 25,000 53,000
Repayments on Revolving Credit Facility (15,000) (46,000)
Repurchases of Second Lien Notes (13,277) 0
Debt Issuance Costs Paid (37) (70)
Debt Exchange Derivative Settlements 0 (894)
Contingent Consideration Settlements 0 (9,778)
Repurchases of Common Stock 0 (15,108)
Restricted Stock Surrenders - Tax Obligations (396) (558)
Net Cash Used for Financing Activities (3,710) (19,409)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (7,555) 1,586
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 16,068 2,358
CASH AND CASH EQUIVALENTS – END OF PERIOD $ 8,512 $ 3,944

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