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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 51,413 $ 19,867
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for deferred income taxes 28,764 10,964
Asset retirement obligation accretion expense 176 88
Depreciation, depletion, and amortization 70,994 25,553
Amortization of debt issuance costs 946 318
Change in fair value of derivative instruments 10,810 (5,429)
Stock based compensation expense 3,318 936
Loss on sale of assets, net 1,397 (30)
Changes in operating assets and liabilities:    
Accounts receivable (18,584) (12,185)
Accounts receivable-related party (2,007) 5,110
Inventories 977 (96)
Prepaid expenses and other (219) (1,517)
Accounts payable and accrued liabilities 2,076 4,543
Accounts payable and accrued liabilities-related party 0 (74)
Accrued interest 3,415 0
Revenues and royalties payable 6,230 1,750
Net cash provided by operating activities 159,706 49,798
Cash flows from investing activities:    
Additions to oil and natural gas properties-related party (206,779) (102,785)
Additions to oil and natural gas properties-related party (2,571) (9,298)
Acquisition of Gulfport properties 0 (18,550)
Acquisition of leasehold interests (312,207) (6,192)
Pipeline and gas gathering assets (1,165) 0
Purchase of other property and equipment (934) (1,615)
Proceeds from sale of property and equipment 11 54
Settlement of non-hedge derivative instruments 0 (289)
Net cash used in investing activities (523,645) (138,675)
Cash flows from financing activities:    
Proceeds from borrowings on credit facility 166,000 49,000
Repayment on credit facility (130,000) (49,000)
Debt issuance costs (1,039) (72)
Public offering costs (946) (447)
Proceeds from public offerings 347,679 144,936
Exercise of stock options 3,683 0
Net cash provided by financing activities 385,377 144,417
Net increase in cash and cash equivalents 21,438 55,540
Cash and cash equivalents at beginning of period 15,555 26,358
Cash and cash equivalents at end of period 36,993 81,898
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalized interest 11,409 383
Supplemental disclosure of non-cash transactions:    
Asset retirement obligation incurred 382 111
Asset retirement obligation revisions in estimated liability 588 0
Asset retirement obligation acquired 1,312 0
Change in accrued capital expenditures 6,901 20,645
Capitalized stock based compensation $ 2,715 $ 420