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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
2 Months Ended 7 Months Ended 9 Months Ended
Feb. 28, 2017
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:      
Net income (loss)   $ (264,777)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization   76,553  
Write-down of oil and gas properties   256,435  
Accretion expense   19,698  
Deferred income tax provision   0  
(Gain) loss on sale of oil and gas properties   105  
Settlement of asset retirement obligations   (53,129)  
Non-cash stock compensation expense   893  
Non-cash derivative expense   1,210  
Non-cash interest expense   3  
Non-cash reorganization items   0  
Other non-cash expense   877  
Change in current income taxes   (5,156)  
Decrease in accounts receivable   6,059  
(Increase) decrease in other current assets   2,382  
Increase (decrease) in accounts payable   10,662  
Increase (decrease) in other current liabilities   17,944  
Investment in derivative contracts   (2,416)  
Other   3,054  
Net cash provided by (used in) operating activities   70,397  
Cash flows from investing activities:      
Investment in oil and gas properties   (42,837)  
Proceeds from sale of oil and gas properties, net of expenses   17,777  
Investment in fixed and other assets   (158)  
Change in restricted funds   37,863  
Net cash provided by (used in) investing activities   12,645  
Cash flows from financing activities:      
Proceeds from bank borrowings   0  
Repayments of bank borrowings   0  
Repayments of building loan   (275)  
Cash payment to noteholders   0  
Debt issuance costs   0  
Net payments for share-based compensation   (19)  
Net cash provided by (used in) financing activities   (294)  
Effect of exchange rate changes on cash   0  
Net change in cash and cash equivalents   82,748  
Cash and cash equivalents, beginning of period   162,966  
Cash and cash equivalents, end of period $ 162,966 245,714  
Predecessor      
Cash flows from operating activities:      
Net income (loss) 630,317   $ (474,180)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 37,429   166,707
Write-down of oil and gas properties 0   284,337
Accretion expense 5,447   30,147
Deferred income tax provision 0   10,947
(Gain) loss on sale of oil and gas properties (213,453)   0
Settlement of asset retirement obligations (3,641)   (15,106)
Non-cash stock compensation expense 2,645   6,407
Non-cash derivative expense 1,778   1,261
Non-cash interest expense 0   14,278
Non-cash reorganization items (458,677)   0
Other non-cash expense 172   6,081
Change in current income taxes 3,570   21,584
Decrease in accounts receivable 6,354   3,968
(Increase) decrease in other current assets (2,274)   (4,426)
Increase (decrease) in accounts payable (4,652)   3,217
Increase (decrease) in other current liabilities (9,653)   (14,222)
Investment in derivative contracts (3,736)   0
Other 2,490   (8,107)
Net cash provided by (used in) operating activities (5,884)   32,893
Cash flows from investing activities:      
Investment in oil and gas properties (8,754)   (200,622)
Proceeds from sale of oil and gas properties, net of expenses 505,383   0
Investment in fixed and other assets (61)   (1,231)
Change in restricted funds (75,547)   1,046
Net cash provided by (used in) investing activities 421,021   (200,807)
Cash flows from financing activities:      
Proceeds from bank borrowings 0   477,000
Repayments of bank borrowings (341,500)   (135,500)
Repayments of building loan (24)   (285)
Cash payment to noteholders (100,000)   0
Debt issuance costs (1,055)   (900)
Net payments for share-based compensation (173)   (752)
Net cash provided by (used in) financing activities (442,752)   339,563
Effect of exchange rate changes on cash 0   (9)
Net change in cash and cash equivalents (27,615)   171,640
Cash and cash equivalents, beginning of period 190,581 $ 162,966 10,759
Cash and cash equivalents, end of period $ 162,966   $ 182,399