v3.20.4
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities      
Net Income (Loss) $ (906,041,000) $ (76,318,000) $ 143,689,000
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:      
Depletion, Depreciation, Amortization and Accretion 162,120,000 210,201,000 119,780,000
Amortization of Debt Issuance Costs 5,172,000 5,307,000 5,147,000
Write-off of Debt Issuance Costs 1,543,000 0 0
(Gain) Loss on Extinguishment of Debt 3,718,000 23,187,000 173,430,000
Amortization of Bond (Premium) Discount on Long-term Debt (1,037,000) (2,705,000) (563,000)
Deferred Income Taxes 210,000 210,000 365,000
Unrealized (Gain) Loss on Derivative Instruments (38,858,000) 173,214,000 (207,892,000)
Loss on Debt Exchange Derivative 0 (1,390,000) 598,000
Loss on Contingent Consideration 169,000 29,512,000 28,968,000
PIK Interest on Second Lien Notes 0 1,742,000 2,599,000
Share-Based Compensation Expense 4,119,000 7,955,000 3,995,000
Impairment of Other Current Assets 0 6,398,000 0
Impairment Expense 1,066,668,000 0 0
Other (234,000) (41,000) (120,000)
Changes in Working Capital and Other Items:      
Accounts Receivable, Net 37,637,000 (11,542,000) (49,122,000)
Prepaid and Other Expenses 546,000 3,997,000 19,397,000
Accounts Payable (1,089,000) (16,928,000) (2,704,000)
Accrued Liabilities 342,000 27,166,000 (3,517,000)
Accrued Interest (3,300,000) (3,084,000) 10,212,000
Payment of Contingent Consideration 0 (37,131,000) 0
Net Cash Provided By Operating Activities 331,685,000 339,750,000 244,262,000
Cash Flows From Investing Activities      
Drilling and Development Capital Expenditures (236,691,000) (338,788,000) (216,692,000)
Acquisition of Oil and Natural Gas Properties (46,940,000) (229,182,000) (257,807,000)
Proceeds from Sale of Oil and Natural Gas Properties 0 0 22,000
Proceeds from Sale of Other Property and Equipment 0 0 46,000
Purchases of Other Property and Equipment (295,000) (1,158,000) (88,000)
Net Cash Used For Investing Activities (283,926,000) (569,128,000) (474,519,000)
Cash Flows From Financing Activities      
Advances on Revolving Credit Facility 78,000,000 953,000,000 190,000,000
Repayments on Revolving Credit Facility (126,000,000) (513,000,000) (50,000,000)
Borrowings on Term Loan Credit Agreement 0 0 60,000,000
Repayments on Term Loan Credit Agreement 0 0 (420,105,000)
Issuance of Second Lien Notes 0 0 364,369,000
Repayments of Second Lien Notes (13,514,000) (227,470,000) 0
Repayments of Senior Unsecured Notes 0 0 (104,215,000)
Debt Issuance Costs Paid (446,000) (12,219,000) (26,648,000)
Debt Derivative Exchange Settlements 0 (1,044,000) (1,769,000)
Contingent Consideration Settlements 0 (11,278,000) 0
Issuance of Common Stock 0 0 141,674,000
Repurchases of Common Stock 0 (15,108,000) (22,195,000)
Issuance of Preferred Stock 0 70,868,000 0
Restricted Stock Surrenders - Tax Obligations (439,000) (660,000) (680,000)
Net Cash Provided (Used) By Financing Activities (62,399,000) 243,088,000 130,431,000
Net Increase (Decrease) in Cash and Cash Equivalents (14,640,000) 13,710,000 (99,825,000)
Cash and Cash Equivalents – Beginning of Period 16,068,000 2,358,000 102,183,000
Cash and Cash Equivalents – End of Period $ 1,428,000 $ 16,068,000 $ 2,358,000

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