v3.22.2.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net Income (Loss) $ 628,169 $ (168,367)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 173,956 98,013
Amortization of Debt Issuance Costs 3,316 2,750
(Gain) Loss on Extinguishment of Debt (574) 13,087
Amortization of Bond Premium on Long-term Debt (1,599) (130)
Deferred Income Taxes 805 0
Unrealized (Gain) Loss of Derivative Instruments (54,163) 373,086
Loss on Contingent Consideration 0 292
Loss on Disposal of Fixed Assets 185 0
Stock-Based Compensation Expense 4,209 2,247
Other 2,165 3,293
Changes in Working Capital and Other Items:    
Accounts Receivable, Net (121,904) (86,747)
Prepaid and Other Expenses (1,000) (975)
Accounts Payable 15,997 21,683
Accrued Interest (14,154) (3,965)
Accrued Liabilities and Expenses 5,631 9,098
Net Cash Provided by Operating Activities 641,039 263,365
Cash Flows from Investing Activities    
Capital Expenditures on Oil and Natural Gas Properties (825,462) (364,478)
Acquisition Deposit (28,500) 0
Purchases of Other Property and Equipment (4,580) (339)
Net Cash Used for Investing Activities (858,542) (364,817)
Cash Flows from Financing Activities    
Advances on Revolving Credit Facility 830,000 428,000
Repayments on Revolving Credit Facility (444,000) (641,000)
Repurchases of Second Lien Notes due 2023 0 (295,918)
Debt Issuance Costs Paid (6,238) (12,436)
Issuance of Common Stock 0 228,199
Issuance of Unsecured Notes due 2028 0 550,000
Repurchases of Common Stock (21,500) 0
Repurchases of Preferred Stock (81,236) 0
Restricted Stock Surrenders - Tax Obligations (2,206) (839)
Preferred Dividends Paid (5,911) (22,002)
Common Dividends Paid (31,966) (1,975)
Net Cash Provided by Financing Activities 217,112 102,029
Net Increase (Decrease) in Cash and Cash Equivalents (390) 578
Cash and Cash Equivalents - Beginning of Period 9,519 1,428
Cash and Cash Equivalents - End of Period 9,129 2,006
Unsecured VEN Bakken Note due 2022    
Cash Flows from Financing Activities    
Repurchase of Unsecured Notes 0 (130,000)
Repayments of senior unsecured debt 0 130,000
Unsecured Notes due 2028    
Cash Flows from Financing Activities    
Repurchase of Unsecured Notes (19,832) 0
Repayments of senior unsecured debt $ 19,832 $ 0

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