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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income (loss) $ 640,636 $ (553,560) $ 122,982
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Unrealized (gain) loss on derivatives (21,011) 32,008 53,727
Depletion, depreciation and amortization 344,905 361,831 350,540
Accretion of asset retirement obligations 2,068 1,948 1,822
Full-cost ceiling impairment 0 684,743 0
Stock-based compensation expense 9,039 13,625 18,505
Net deferred income tax provision (benefit) 74,710 (45,599) 35,532
Amortization of debt issuance cost 3,659 2,832 2,484
Net loss on asset sales and impairment 331 2,832 967
Changes in operating assets and liabilities      
Accounts receivable (98,456) 53,001 (43,261)
Lease and well equipment inventory (1,537) (655) 4,777
Prepaid expenses (11,786) (3,010) (4,844)
Other assets 56 1,681 678
Accounts payable, accrued liabilities and other current liabilities 76,891 (43,844) (19,004)
Royalties payable 28,310 (19,144) 20,417
Advances from joint interest owners 7,018 (10,646) 3,869
Other long-term liabilities (1,478) (461) 2,851
Net cash provided by operating activities 1,053,355 477,582 552,042
Investing activities      
Drilling, completion and equipping capital expenditures (431,136) (471,087) (679,395)
Acquisition of oil and natural gas properties (238,609) (72,809) (50,766)
Midstream capital expenditures (63,359) (234,359) (192,035)
Expenditures for other property and equipment (376) (2,200) (3,701)
Proceeds from sale of assets 4,215 4,789 21,921
Net cash used in investing activities (729,265) (775,666) (903,976)
Financing activities      
Repayments of borrowings under Credit Agreement (600,000) (35,000) (35,000)
Borrowings under Credit Agreement 260,000 220,000 250,000
Repayments of borrowings under San Mateo Credit Facility (84,000) 0 0
Borrowings under San Mateo Credit Facility 135,000 46,000 68,000
Cost to enter into or amend credit facilities (4,108) (660) (1,443)
Proceeds from stock options exercised 1,335 45 3,300
Dividends paid (14,581)    
Contributions related to formation of San Mateo 48,626 14,700 14,700
Contributions from non-controlling interest owners of less-than-wholly-owned subsidiaries 0 119,700 77,330
Distributions to non-controlling interest owners of less-than-wholly-owned subsidiaries (61,985) (45,570) (39,200)
Taxes paid related to net share settlement of stock-based compensation (8,211) (1,556) (3,691)
Other (629) 6,680 (918)
Net cash (used in) provided by financing activities (328,553) 324,339 333,078
(Decrease) increase in cash and restricted cash (4,463) 26,255 (18,856)
Cash and restricted cash at beginning of period 91,383 65,128 83,984
Cash and restricted cash at end of period $ 86,920 $ 91,383 $ 65,128