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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (7,848) $ 34,982
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income taxes (206) 11,430
Exploration 27  
Loss on sale of oil and gas properties   (25)
Depreciation, depletion and amortization 213,772 84,437
Gain on derivative financial instruments 49,601 7,087
Cash settlements of derivative financial instruments 98,703 7,335
Amortization of debt discount and issuance costs 14,726 3,197
Stock-based compensation 2,982 1,271
Loss on early extinguishment of debt 861  
Decrease in accounts receivable 83,172 20,734
Decrease (increase) in other current assets (2,803) 1,592
Increase (decrease) in accounts payable and accrued expenses (87,694) 15,110
Net cash provided by operating activities 266,091 173,026
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (233,874) (177,789)
Prepaid drilling costs   8,097
Proceeds from sales of oil and gas properties   390
Net cash used for investing activities (233,874) (169,302)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on bank credit facility 102,000 72,000
Repayments on bank credit facility (552,000) (52,000)
Issuance of 9¾% Senior Notes 450,000  
Issuance of Common Stock 206,626  
Redemption of Preferred Series A Convertible Stock (210,000)  
Preferred stock dividends paid (16,782)  
Debt and stock issuance costs (18,983) (170)
Income tax withholdings related to equity awards (15)  
Net cash provided by (used for) financing activities (39,154) 19,830
Net increase (decrease) in cash and cash equivalents (6,937) 23,554
Cash and cash equivalents, beginning of period 18,532 23,193
Cash and cash equivalents, end of period $ 11,595 $ 46,747