XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ 91,204 $ (57,725)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss from discontinued operations 0 18,797
Oil and gas lease expirations 1,465 8,923
Depletion, depreciation, amortization and accretion 22,167 20,025
Loss on derivatives 44,395 75,286
Settlements on derivative contracts (61,198) (21,477)
Amortization of deferred financing costs 548 498
Unit-based compensation expense 0 276
Share-based compensation expense 2,684 6,101
Deferred income tax expense 23,202 13,352
Changes in operating assets and liabilities    
Accounts receivable (9,461) (6,949)
Accounts receivable – related parties 0 (143)
Prepaid expenses and other current assets 1,513 241
Accounts payable and accrued liabilities 6,038 8,463
Accounts payable - related parties (42) 800
Revenue payable 6,398 4,481
Other current liabilities 1,439 (763)
Net Cash Provided by Operating Activities - Continuing Operations 130,352 70,186
Cash Flows from Investing Activities:    
Additions to oil and natural gas properties (82,101) (50,247)
Acquisitions of oil and natural gas properties 0 (445)
Additions to other property and equipment (1,081) (1,396)
Tengasco acquired cash 0 859
Net Cash Used in Investing Activities - Continuing Operations (83,182) (51,229)
Cash Flows from Financing Activities:    
Deferred financing costs (1,722) (86)
Proceeds from revolving credit facility 4,000 3,500
Repayment under revolving credit facility (21,000) (41,000)
Payment of common share/unit dividends (18,257) (14,568)
Proceeds from issuance of common stock 0 50,000
Public offering costs 0 (3,316)
Payment of preferred unit dividends 0 (1,491)
Common stock repurchased for tax withholding (600) (514)
Purchase of common units under long-term incentive plan 0 (191)
Net Cash Used in Financing Activities - Continuing Operations (37,579) (7,666)
Net Increase in Cash and Cash Equivalents from Continuing Operations 9,591 11,291
Cash Flows from Discontinued Operations:    
Operating activities 0 7
Investing activities 0 3,892
Net Increase in Cash and Cash Equivalents from Discontinued Operations 0 3,899
Net Increase in Cash and Cash Equivalents 9,591 15,190
Cash and Cash Equivalents, Beginning of Period 8,317 1,877
Cash and Cash Equivalents, End of Period 17,908 17,067
Cash Paid For:    
Interest, net of capitalized interest 1,866 2,384
Non-cash Investing and Financing Activities - Continuing Operations:    
Changes in capital expenditures in accounts payable and accrued liabilities 11,971 10,576
Right of use assets obtained in exchange for operating lease liability 1,624 0
Preferred unit dividends 0 574
Common stock issued in exchange for common units 0 192,191
Assets acquired and liabilities assumed in business combination 0 3,695
Common stock issued for business combination 0 26,392
Preferred units converted to common units 0 61,196
Non-cash Investing - Discontinued Operations:    
Goodwill incurred in business combination 0 19,013
Assets acquired and liabilities assumed in business combination $ 0 $ 2,824