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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income (loss) $ 31,190us-gaap_NetIncomeLoss $ 14,082us-gaap_NetIncomeLoss $ (132,079)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Deferred tax expense (benefit) (2,941)us-gaap_DeferredIncomeTaxExpenseBenefit 320us-gaap_DeferredIncomeTaxExpenseBenefit 1,636us-gaap_DeferredIncomeTaxExpenseBenefit
Depreciation, depletion and amortization 87,818us-gaap_DepreciationDepletionAndAmortization 71,445us-gaap_DepreciationDepletionAndAmortization 60,689us-gaap_DepreciationDepletionAndAmortization
Ceiling test write-down 0us-gaap_ImpairmentOfOilAndGasProperties 0us-gaap_ImpairmentOfOilAndGasProperties 137,100us-gaap_ImpairmentOfOilAndGasProperties
Accretion of asset retirement obligation 2,958us-gaap_ResultsOfOperationsAccretionOfAssetRetirementObligations 1,753us-gaap_ResultsOfOperationsAccretionOfAssetRetirementObligations 2,078us-gaap_ResultsOfOperationsAccretionOfAssetRetirementObligations
Share based compensation expense 5,248us-gaap_ShareBasedCompensation 4,216us-gaap_ShareBasedCompensation 6,910us-gaap_ShareBasedCompensation
Amortization costs and other 2,188pq_AmortizationCostsAndOther 1,473pq_AmortizationCostsAndOther 881pq_AmortizationCostsAndOther
Non-cash derivative expense (income) 0us-gaap_UnrealizedGainLossOnDerivatives (233)us-gaap_UnrealizedGainLossOnDerivatives 233us-gaap_UnrealizedGainLossOnDerivatives
Payments to settle asset retirement obligations (3,623)us-gaap_AssetRetirementObligationCashPaidToSettle (3,335)us-gaap_AssetRetirementObligationCashPaidToSettle (2,627)us-gaap_AssetRetirementObligationCashPaidToSettle
Changes in working capital accounts:      
Revenue receivable 10,083us-gaap_IncreaseDecreaseInAccountsReceivable (8,826)us-gaap_IncreaseDecreaseInAccountsReceivable (1,882)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid drilling and pipe costs (370)pq_PrepaidDrillingandPipeCostsIncreaseDecrease 1,221pq_PrepaidDrillingandPipeCostsIncreaseDecrease 4,479pq_PrepaidDrillingandPipeCostsIncreaseDecrease
Joint interest billing and other receivable (20,276)us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties 15,685us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties 3,981us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties
Accounts payable and accrued liabilities 50,243us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (12,865)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 20,916us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Advances from co-owners 11,850pq_AdvancesFromCoOwnersChangesInWorkingCapitalAccounts (19,490)pq_AdvancesFromCoOwnersChangesInWorkingCapitalAccounts (13,408)pq_AdvancesFromCoOwnersChangesInWorkingCapitalAccounts
Other 3,840us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (5,592)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (316)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by operating activities 178,208us-gaap_NetCashProvidedByUsedInOperatingActivities 59,854us-gaap_NetCashProvidedByUsedInOperatingActivities 88,591us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows used in investing activities:      
Investment in oil and gas properties (174,633)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment (298,824)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment (147,771)us-gaap_PaymentsToAcquireOilAndGasPropertyAndEquipment
Investment in other property and equipment (926)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,679)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,743)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Sale of oil and gas properties 8,610us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment 19,913us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment 837us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment
Sale of unevaluated oil and gas properties 3,298pq_SaleOfUnevaluatedOilAndGasProperties 487pq_SaleOfUnevaluatedOilAndGasProperties 8,889pq_SaleOfUnevaluatedOilAndGasProperties
Net cash used in investing activities (163,651)us-gaap_NetCashProvidedByUsedInInvestingActivities (280,103)us-gaap_NetCashProvidedByUsedInInvestingActivities (139,788)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows used in financing activities:      
Net payments for share based compensation (75)pq_NetPaymentsForShareBasedCompensation (38)pq_NetPaymentsForShareBasedCompensation (981)pq_NetPaymentsForShareBasedCompensation
Deferred financing costs (253)us-gaap_PaymentsOfFinancingCosts (320)us-gaap_PaymentsOfFinancingCosts (42)us-gaap_PaymentsOfFinancingCosts
Payment of preferred stock dividend (5,139)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (5,139)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (5,139)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Proceeds from bank borrowings 17,500us-gaap_ProceedsFromBankDebt 73,000us-gaap_ProceedsFromBankDebt 102,500us-gaap_ProceedsFromBankDebt
Repayment of bank borrowings (17,500)us-gaap_RepaymentsOfLinesOfCredit (48,000)us-gaap_RepaymentsOfLinesOfCredit (52,500)us-gaap_RepaymentsOfLinesOfCredit
Proceeds from issuance of 10% Senior Notes 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 200,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt
Costs to issue 10% Senior Notes 0us-gaap_PaymentsOfDebtIssuanceCosts (5,005)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts
Net cash provided by (used in) financing activities (5,467)us-gaap_NetCashProvidedByUsedInFinancingActivities 214,498us-gaap_NetCashProvidedByUsedInFinancingActivities 43,838us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents 9,090us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (5,751)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (7,359)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 9,153us-gaap_CashAndCashEquivalentsAtCarryingValue 14,904us-gaap_CashAndCashEquivalentsAtCarryingValue 22,263us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 18,243us-gaap_CashAndCashEquivalentsAtCarryingValue 9,153us-gaap_CashAndCashEquivalentsAtCarryingValue 14,904us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:      
Interest 37,174us-gaap_InterestPaid 20,101us-gaap_InterestPaid 16,026us-gaap_InterestPaid
Income taxes $ 270us-gaap_IncomeTaxesPaid $ 12us-gaap_IncomeTaxesPaid $ 105us-gaap_IncomeTaxesPaid