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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income (loss) $ (38,697) $ 10,295
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 38,870 22,081
Derivative contracts:    
Net losses 68,017 18,795
Cash settlements, net 4,394 7,576
Deferred income tax expense 1,212 163
Gain on sales of assets, net (25) (75)
Non-cash interest expense 921 796
Share-based compensation (equity-classified) 1,038 1,576
Other, net 13 13
Changes in operating assets and liabilities, net (6,484) (7,386)
Net cash provided by operating activities 69,259 38,682
Cash flows from investing activities    
Acquisitions, net 0 (83,338)
Capital expenditures (86,486) (77,839)
Proceeds from sales of assets, net 18 1,551
Net cash used in investing activities (86,468) (159,626)
Cash flows from financing activities    
Proceeds from credit facility borrowings 12,000 118,000
Repayment of credit facility borrowings (8,000) 0
Debt issuance costs paid 0 (754)
Net cash provided by financing activities 4,000 117,246
Net decrease in cash and cash equivalents (13,209) (3,698)
Cash and cash equivalents – beginning of period 17,864 11,017
Cash and cash equivalents – end of period 4,655 7,319
Cash paid for:    
Interest, net of amounts capitalized 8,413 3,662
Reorganization items, net 79 161
Non-cash investing and financing activities:    
Changes in accounts receivable related to acquisitions 0 (26,627)
Changes in other assets related to acquisitions 0 (2,469)
Changes in accrued liabilities related to acquisitions 0 (15,320)
Changes in accrued liabilities related to capital expenditures 13,569 9,616
Changes in other liabilities for asset retirement obligations related to acquisitions $ 0 $ 356