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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 18,063 $ (79,697)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depletion, depreciation and accretion 30,861 22,821
Stock-based compensation, net (545) 857
Unrealized loss (gain) on derivative contracts (23,336) 78,201
Amortization of deferred loan costs 3,843 1,807
Reorganization items   (744)
Accrued settlements on derivative contracts (929) 14,652
Change in fair value of embedded derivative liability (704) (2,595)
Other expense (income) 53 (96)
Change in assets and liabilities:    
Accounts receivable 15,965 (12,596)
Prepaids and other 81 438
Accounts payable and accrued liabilities (34,703) 5,285
Net cash provided by (used in) operating activities 8,649 28,333
Cash flows from investing activities:    
Oil and natural gas capital expenditures (32,633) (51,377)
Proceeds received from sale of oil and natural gas assets 1,189  
Other operating property and equipment capital expenditures (284) (705)
Proceeds received from sale of other operating property and equipment   96
Other (11)  
Net cash provided by (used in) investing activities (31,739) (51,986)
Cash flows from financing activities:    
Proceeds from borrowings   20,000
Repayments of borrowings (15,043) (85)
Payment of deferred debt financing costs   (379)
Proceeds from issuance of preferred stock 24,375  
Other (454) (467)
Net cash provided by (used in) financing activities 8,878 19,069
Net increase (decrease) in cash, cash equivalents and restricted cash (14,212) (4,584)
Cash, cash equivalents and restricted cash at beginning of period 32,816 48,359
Cash, cash equivalents and restricted cash at end of period $ 18,604 $ 43,775