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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows provided by (used in) operating activities:      
Net loss $ (6,637) $ (90,896) $ (294,790)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Deferred tax (benefit) expense (949) 543 2,626
Depreciation, depletion and amortization 32,053 28,720 63,497
Ceiling test write-down 0 40,304 266,562
Accretion of asset retirement obligation 2,252 2,515 3,259
Share based compensation expense 1,447 1,444 4,617
Gain on sale of assets 0 0 (21,937)
Amortization costs and other 554 2,106 2,259
Non-cash PIK interest 22,895 5,722 0
Payments to settle asset retirement obligations (3,364) (3,169) (2,776)
Costs incurred to issue 2021 Notes and 2021 PIK Notes 0 10,139 0
Gain on extinguishment of debt (403) 0 0
Changes in working capital accounts:      
Revenue receivable (5,046) (3,818) 10,009
Joint interest billing receivable 610 41,400 223
Accounts payable and accrued liabilities 2,970 (72,760) (9,400)
Advances from co-owners (600) (13,788) 3,299
Other (1,629) (5,060) 2,657
Net cash provided by (used in) operating activities 44,153 (56,598) 30,105
Cash flows (used in) provided by investing activities:      
Investment in oil and gas properties (64,613) (30,366) (90,218)
Investment in other property and equipment (54) (24) (454)
Sale of oil and gas properties 10,707 25,482 271,769
Net cash (used in) provided by investing activities (53,960) (4,908) 181,097
Cash flows used in financing activities:      
Net payments for share based compensation (26) 11 (199)
Deferred financing costs (174) (3,156) (1,094)
Payment of preferred stock dividend 0 (1,285) (5,139)
Proceeds from borrowings 20,000 10,000 70,000
Repayment of borrowings 0 0 (145,000)
Redemption of 2017 Notes (22,650) (53,626) 0
Costs incurred to issue 2021 Notes and 2021 PIK Notes 0 (10,139) 0
Net cash used in financing activities (2,850) (58,195) (81,432)
Net (decrease) increase in cash and cash equivalents (12,657) (119,701) 129,770
Cash and cash equivalents, beginning of period 28,312 148,013 18,243
Cash and cash equivalents, end of period 15,655 28,312 148,013
Cash paid (received) during the period for:      
Interest 7,432 33,206 36,217
Income taxes $ (94) $ (18) $ 0