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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net loss $ (95,453) $ (137,294)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 25,558 176,206
Asset Impairment Charges 0 1,084
Accretion of firm transportation obligation 317 445
Derivative contracts:    
Net losses (gains) 17,267 (7,372)
Cash settlements, net 46,952 72,332
Deferred income tax expense 0 230
(Gain) loss on sales of assets, net (757) 25
Non-cash exploration expense 1,713 4,005
Non-cash interest expense 22,189 2,280
Share-based compensation (equity-classified) (3,922) [1] 2,106
Other, net (13) 3
Changes in operating assets and liabilities, net 31,922 (15,769)
Net cash provided by operating activities 45,773 98,281
Cash flows from investing activities    
Capital expenditures – property and equipment (14,575) (263,993)
Proceeds from sales of assets, net 126 (221)
Other Investing Activities, Net 1,186 0
Net cash used in investing activities (13,263) (264,214)
Cash flows from financing activities    
Proceeds from revolving credit facility borrowings 0 197,000
Repayment of revolving credit facility borrowings (5,468) (20,000)
Payments of Debt Issuance Costs 0 (744)
Dividends paid on preferred stock 0 (12,134)
Net cash (used in) provided by financing activities (5,468) 164,122
Net increase (decrease) in cash and cash equivalents 27,042 (1,811)
Cash and cash equivalents – beginning of period 11,955 6,252
Cash and cash equivalents – end of period 38,997 4,441
Cash paid for:    
Interest 2,947 46,041
Income taxes paid (refunds received) (35) 7
Non-cash Investing activities:    
Changes in accrued liabilities related to capital expenditures (10,555) (20,570)
Derivatives Settled to Pay Down Revolver $ 51,979 $ 0
[1] Includes equity-classified share-based compensation of $(3,922) and $2,106 for the six months ended June 30, 2016 and 2015, respectively.