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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 5 Months Ended 6 Months Ended
Feb. 08, 2019
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:      
Net income (loss) $ 261,727 $ (24) $ (2,253)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Deferred tax expense 241 453 106
Depreciation, depletion and amortization 1,796 6,418 12,528
Accretion of asset retirement obligation 17 69 240
Share-based compensation expense 44 1,410 593
Amortization costs and other 555 916 402
Non-cash interest expense on PIK Notes 0 0 2,961
Payments to settle asset retirement obligations (11) (158) (75)
Non-cash reorganization items, net (267,585) 0 0
Changes in working capital accounts:      
Revenue receivable (7,340) 9,856 7,480
Joint interest billing receivable (2,192) (12,177) 4,078
Accounts payable and accrued liabilities 8,363 (2,971) (24,104)
Advances from co-owners 1,343 180 (1,117)
Refund of (Deposit for) surety bonds 0 3,475 (4,000)
Other 2,336 (565) 242
Net cash provided by (used in) operating activities (706) 6,882 (2,919)
Cash flows used in investing activities:      
Investment in oil and gas properties (5,290) (18,878) (9,785)
Investment in other property and equipment (36) (71) (136)
Sale of oil and gas properties 0 0 (2,428)
Sale of unevaluated oil and gas properties 0 0 2,928
Net cash used in investing activities (5,326) (18,949) (9,421)
Cash flows (used in) provided by financing activities:      
Net proceeds from share based compensation 0 0 43
Deferred financing costs (111) 0 (55)
Costs incurred to redeem 2021 Notes 0 0 (11)
Proceeds from borrowings 0 0 2,500
Net cash (used in) provided by financing activities (111) 0 2,477
Net decrease in cash and cash equivalents (6,143) (12,067) (9,863)
Cash, restricted cash and cash equivalents, beginning of period 34,891 28,748 15,655
Cash, restricted cash and cash equivalents, end of period 28,748 16,681 5,792
Cash paid during the period for:      
Interest, net of capitalized interest 929 829 3,304
Reorganization items, net $ 4,784 $ 1,952 $ 0