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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net Income (Loss) $ (309,382) $ 114,656
Adjustments to reconcile net income to net cash provided by operation activities -    
Write-down of oil and gas properties 355,948 0
Depreciation, depletion, and amortization 64,564 95,915
Accretion of asset retirement obligation 354 329
Deferred income taxes 21,390 (22,101)
Stock-based compensation expense 4,557 6,148
Gain (Loss) on Sale of Derivatives (61,304) (24,242)
Cash Received (Paid) On Settlements of Derivative Contracts 78,421 24,631
Asset Retirement Obligation, Cash Paid to Settle (94) (83)
Write off of Deferred Debt Issuance Cost 557 82
Other Noncash Income (Expense) 3,061 2,930
Change in assets and liabilities-    
(Increase) decrease in accounts receivable and other assets 9,011 11,605
Increase (decrease) in accounts payable and accrued liabilities (977) (7,100)
Increase (decrease) in income taxes payable 480 (519)
Increase (decrease) in accrued interest (414) (116)
Net Cash Provided by Operating Activities 165,212 203,173
Cash Flows from Investing Activities:    
Additions to property and equipment (114,738) (282,660)
Acquisition of properties (4,544) 0
Proceeds from (adjustments to) the sale of property and equipment 4,777 (96)
Payments for (Proceeds from) Other Investing Activities (826) (5,112)
Net Cash Used in Investing Activities (115,331) (287,868)
Cash Flows from Financing Activities:    
Proceeds from bank borrowings 107,000 381,000
Payments of bank borrowings (156,000) (297,000)
Purchase of treasury shares (90) (412)
Payments of debt issuance costs (31) 0
Net Cash Provided by (Used in) Financing Activities (49,121) 83,588
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 760 (1,107)
Total Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2,118 1,358
Supplemental Disclosures of Cash Flows Information:    
Cash paid during period for interest, net of amounts capitalized 28,929 34,408
Increase (decrease) in accrued payables for capital $ (19,365) $ (21,584)