XML 23 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 18, 2020
Dec. 31, 2021
Dec. 31, 2019
Cash flows from operating activities        
Net income (loss) $ (50,658,000) $ (1,432,578,000) $ 56,002,000 $ 216,959,000
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 45,812,000 188,593,000 150,640,000 233,816,000
Write-down of oil and natural gas properties 1,006,000 996,658,000 14,377,000 0
Deferred income taxes (2,556,000) (408,869,000) 364,000 100,471,000
Stock-based compensation 8,212,000 4,111,000 25,322,000 12,470,000
Commodity derivatives expense (income) 61,902,000 (102,032,000) 352,984,000 70,078,000
Receipt (payment) on settlements of commodity derivatives 21,089,000 81,396,000 (277,240,000) 23,606,000
Gain on debt extinguishment 0 (18,994,000) 0 (155,998,000)
Debt issuance costs and discounts 799,000 11,571,000 2,740,000 12,303,000
Gain from asset sales and other (3,546,000) (6,723,000) (10,609,000) (8,504,000)
Other, net 1,197,000 7,162,000 (2,465,000) (92,000)
Changes in assets and liabilities, net of effects from acquisitions        
Accrued production receivable 21,411,000 26,575,000 (51,944,000) (13,619,000)
Trade and other receivables 15,567,000 (22,343,000) (284,000) 9,379,000
Other current and long-term assets (1,795,000) 743,000 10,390,000 7,629,000
Accounts payable and accrued liabilities (67,167,000) (16,102,000) 28,500,000 (3,275,000)
Oil and natural gas production payable (6,912,000) (6,792,000) 29,351,000 2,170,000
Other liabilities (4,035,000) 123,000 (10,970,000) (13,250,000)
Net cash provided by operating activities 40,326,000 113,408,000 317,158,000 494,143,000
Cash flows from investing activities        
Oil and natural gas capital expenditures (17,964,000) (99,582,000) (150,911,000) (262,005,000)
Acquisitions of oil and natural gas properties 82,000 0 10,979,000 79,000
Pipeline capital expenditures (618,000) (11,601,000) (69,223,000) (27,319,000)
Net proceeds from sales of oil and natural gas properties and equipment 938,000 41,322,000 19,053,000 10,196,000
Other 15,842,000 12,747,000 9,128,000 9,515,000
Net cash used in investing activities (1,884,000) (57,114,000) (202,932,000) (269,692,000)
Cash flows from financing activities        
Bank repayments (190,000,000) (551,000,000) (933,000,000) (925,791,000)
Bank borrowings 120,000,000 691,000,000 898,000,000 925,791,000
Interest payments treated as a reduction of debt 0 (46,417,000) 0 (85,303,000)
Cash paid in conjunction with debt exchange 0 0 0 (136,427,000)
Cash paid in conjunction with debt repurchases 0 (14,171,000) 0 0
Costs of debt financing (8,000) (12,482,000) 0 (11,065,000)
Pipeline financing and capital lease debt repayments (22,938,000) (51,792,000) (68,008,000) (13,908,000)
Other 1,638,000 (9,363,000) (3,122,000) 348,000
Net cash provided by (used in) financing activities (91,308,000) 5,775,000 (106,130,000) (246,355,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash (52,866,000) 62,069,000 8,096,000 (21,904,000)
Cash, cash equivalents, and restricted cash at beginning of period 95,114,000 33,045,000 42,248,000 54,949,000
Cash, cash equivalents, and restricted cash at end of period $ 42,248,000 $ 95,114,000 $ 50,344,000 $ 33,045,000