v3.23.1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Cash Flows from Operating Activities      
Net Income (Loss) $ 340,191 $ (206,560)  
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:      
Depletion, Depreciation, Amortization, and Accretion 94,618 53,185  
Amortization of Debt Issuance Costs 1,751 1,078  
(Gain) Loss on Extinguishment of Debt (659) 0  
Amortization of Bond Premium on Long-term Debt (510) (531)  
Deferred Income Taxes 692 789  
Unrealized (Gain) Loss of Derivative Instruments (138,970) 382,937  
(Gain) Loss on Contingent Consideration (6,176) 0  
Stock-Based Compensation Expense 2,151 1,447  
Other 3,084 2,675  
Changes in Working Capital and Other Items:      
Accounts Receivable, Net (2,866) (102,033)  
Prepaid and Other Expenses   (698)  
Accounts Payable (11,903) 33,243  
Accrued Interest (8,915) (14,488)  
Accrued Liabilities and Expenses (2,866) 2,991  
Net Cash Provided by Operating Activities 269,308 154,034  
Cash Flows from Investing Activities      
Capital Expenditures on Oil and Natural Gas Properties (460,982) (417,482)  
Purchases of Other Property and Equipment (238) (117)  
Net Cash Used for Investing Activities (461,220) (417,599)  
Cash Flows from Financing Activities      
Advances on Revolving Credit Facility 337,000 434,000  
Repayments on Revolving Credit Facility (87,000) (118,000)  
Debt Issuance Costs Paid (32) (13)  
Repurchases of Common Stock (8,004) 0  
Repurchases of Preferred Stock 0 (50,225)  
Restricted Stock Surrenders - Tax Obligations (2,616) (2,206)  
Common Dividends Paid (25,454) (6,176)  
Net Cash Provided by Financing Activities 195,458 257,380  
Net Increase (Decrease) in Cash and Cash Equivalents 3,545 (6,185)  
Cash and Cash Equivalents - Beginning of Period 2,528 9,519 $ 9,519
Cash and Cash Equivalents - End of Period 6,073 3,335 $ 2,528
Unsecured Notes Due 2028      
Cash Flows from Financing Activities      
Repurchase of Senior Notes (18,436) 0  
Repayments of senior unsecured debt $ 18,436 $ 0  

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