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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net loss $ (96,714) $ (59,586)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 57,306 128,929
Deferred income tax benefit 0 (36,544)
Impairment of oil and gas properties 10,000 0
Abandonment and impairment of unproved properties 16,781 19,996
Dry hole expense 966 5,680
Stock-based compensation 5,384 7,787
Amortization of deferred financing costs and debt premium 2,279 1,226
Accretion of contractual obligation for land acquisition 0 698
Derivative (gain) loss 13,930 (13,378)
Derivative cash settlements 11,401 50,655
Other (112) (43)
Changes in current assets and liabilities:    
Accounts receivable 23,415 18,319
Prepaid expenses and other assets (1,348) (1,348)
Accounts payable and accrued liabilities (28,457) (23,054)
Settlement of asset retirement obligations (75) (519)
Net cash provided by operating activities 14,756 98,818
Cash flows from investing activities:    
Acquisition of oil and gas properties (816) (11,914)
Payments of contractual obligation (12,000) 0
Exploration and development of oil and gas properties (42,753) (283,106)
Increase in restricted cash (2,535) 0
Additions to property and equipment - non oil and gas 39 (649)
Net cash used in investing activities (58,065) (295,669)
Cash flows from financing activities:    
Proceeds from credit facility 209,000 87,000
Payments to credit facility (14,667) (77,000)
Proceeds from sale of common stock 0 209,300
Offering costs related to sale of common stock 0 (6,607)
Offering costs related to sale of Senior Notes 0 (93)
Payment of employee tax withholdings in exchange for the return of common stock (273) (2,448)
Deferred restructuring charges (1,684) 0
Deferred financing costs (237) (545)
Net cash provided by financing activities 192,139 209,607
Net change in cash and cash equivalents 148,830 12,756
Cash and cash equivalents:    
Beginning of period 21,341 2,584
End of period 170,171 15,340
Supplemental cash flow disclosure:    
Cash paid for interest 28,553 27,396
Cash paid for income taxes 0 820
Changes in working capital related to drilling expenditures, natural gas plant expenditures, and property acquisition $ (25,462) $ (12,935)