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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 216,959 $ 322,698 $ 163,152
Adjustments to reconcile net income to cash flows from operating activities      
Depletion, depreciation, and amortization 233,816 216,449 207,713
Deferred income taxes 100,471 103,234 (95,779)
Stock-based compensation 12,470 11,951 15,154
Commodity derivatives expense (income) 70,078 (21,087) 77,576
Receipt (payment) on settlements of commodity derivatives 23,606 (175,248) (47,795)
Gain on debt extinguishment (155,998) 0 0
Debt issuance costs and discounts 12,303 6,246 6,191
Other, net (8,596) (4,725) 3,112
Changes in assets and liabilities, net of effects from acquisitions      
Accrued production receivable (13,619) 20,547 (21,398)
Trade and other receivables 9,379 16,094 (4,421)
Other current and long-term assets 7,629 (6,827) (1,722)
Accounts payable and accrued liabilities (3,275) 13,008 (24,710)
Oil and natural gas production payable 2,170 (15,300) (3,997)
Other liabilities (13,250) 42,645 (5,933)
Net cash provided by operating activities 494,143 529,685 267,143
Cash flows from investing activities      
Oil and natural gas capital expenditures (262,005) (316,647) (262,867)
Acquisitions of oil and natural gas properties (79) (541) (88,886)
CO2 capital expenditures (3,154) (5,878) (2,159)
Pipelines and plants capital expenditures (27,319) (23,108) (2,540)
Net proceeds from sales of oil and natural gas properties and equipment 10,196 7,762 1,696
Other 12,669 5,136 (2,058)
Net cash used in investing activities (269,692) (333,276) (356,814)
Cash flows from financing activities      
Bank repayments (925,791) (1,982,653) (1,589,000)
Bank borrowings 925,791 1,507,653 1,763,000
Interest payments treated as a reduction of debt (85,303) (79,606) (50,349)
Proceeds from issuance of senior secured notes 0 450,000 0
Cash paid in conjunction with debt exchange (136,427) 0 0
Repayment or repurchases of senior subordinated notes 0 0 (2,503)
Costs of debt financing (11,065) (16,060) (6,289)
Pipeline financing and capital lease debt repayments (13,908) (23,300) (27,462)
Other 348 (13,486) 1,216
Net cash provided by (used in) financing activities (246,355) (157,452) 88,613
Net increase (decrease) in cash, cash equivalents, and restricted cash (21,904) 38,957 (1,058)
Cash, cash equivalents, and restricted cash at beginning of year 54,949 15,992 17,050
Cash, cash equivalents, and restricted cash at end of year $ 33,045 $ 54,949 $ 15,992