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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 18, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities        
Net income (loss) $ (50,658,000) $ (1,432,578,000) $ 216,959,000 $ 322,698,000
Adjustments to reconcile net income (loss) to cash flows from operating activities        
Noncash reorganization items, net 0 810,909,000 0 0
Depletion, depreciation, and amortization 45,812,000 188,593,000 233,816,000 216,449,000
Write-down of oil and natural gas properties 1,006,000 996,658,000 0 0
Deferred income taxes (2,556,000) (408,869,000) 100,471,000 103,234,000
Stock-based compensation 8,212,000 4,111,000 12,470,000 11,951,000
Commodity derivatives expense (income) 61,902,000 (102,032,000) 70,078,000 (21,087,000)
Receipt (payment) on settlements of commodity derivatives 21,089,000 81,396,000 23,606,000 (175,248,000)
Gain on debt extinguishment 0 (18,994,000) (155,998,000) 0
Debt issuance costs and discounts 799,000 11,571,000 12,303,000 6,246,000
Other, net (2,349,000) 439,000 (8,596,000) (4,725,000)
Changes in assets and liabilities, net of effects from acquisitions        
Accrued production receivable 21,411,000 26,575,000 (13,619,000) 20,547,000
Trade and other receivables 15,567,000 (22,343,000) 9,379,000 16,094,000
Other current and long-term assets (1,795,000) 743,000 7,629,000 (6,827,000)
Accounts payable and accrued liabilities (67,167,000) (16,102,000) (3,275,000) 13,008,000
Oil and natural gas production payable (6,912,000) (6,792,000) 2,170,000 (15,300,000)
Other liabilities (4,035,000) 123,000 (13,250,000) 42,645,000
Net cash provided by operating activities 40,326,000 113,408,000 494,143,000 529,685,000
Cash flows from investing activities        
Oil and natural gas capital expenditures (17,964,000) (99,582,000) (262,005,000) (316,647,000)
CO2 capital expenditures (269,000) (196,000) (3,154,000) (5,878,000)
Pipelines and plants capital expenditures (618,000) (11,601,000) (27,319,000) (23,108,000)
Net proceeds from sales of oil and natural gas properties and equipment 938,000 41,322,000 10,196,000 7,762,000
Other 16,029,000 12,943,000 12,590,000 4,595,000
Net cash used in investing activities (1,884,000) (57,114,000) (269,692,000) (333,276,000)
Cash flows from financing activities        
Bank repayments (190,000,000) (551,000,000) (925,791,000) (1,982,653,000)
Bank borrowings 120,000,000 691,000,000 925,791,000 1,507,653,000
Interest payments treated as a reduction of debt 0 (46,417,000) (85,303,000) (79,606,000)
Proceeds from issuance of senior secured notes 0 0 0 450,000,000
Cash paid in conjunction with debt exchange 0 0 (136,427,000) 0
Cash paid in conjunction with debt repurchases 0 (14,171,000) 0 0
Costs of debt financing (8,000) (12,482,000) (11,065,000) (16,060,000)
Pipeline financing and capital lease debt repayments (22,938,000) (51,792,000) (13,908,000) (23,300,000)
Other 1,638,000 (9,363,000) 348,000 (13,486,000)
Net cash provided by (used in) financing activities (91,308,000) 5,775,000 (246,355,000) (157,452,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash (52,866,000) 62,069,000 (21,904,000) 38,957,000
Cash, cash equivalents, and restricted cash at beginning of period 95,114,000 33,045,000 54,949,000 15,992,000
Cash, cash equivalents, and restricted cash at end of period $ 42,248,000 $ 95,114,000 $ 33,045,000 $ 54,949,000