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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (872,000) $ (69,642,000)
Adjustments to reconcile net income (loss) to cash flows from operating activities    
Depletion, depreciation, and amortization 35,345,000 39,450,000
Write-down of oil and natural gas properties 0 14,377,000
Deferred income taxes (5,944,000) (51,000)
Stock-based compensation 2,971,000 17,680,000
Commodity derivatives expense 192,719,000 115,743,000
Payment on settlements of commodity derivatives (93,057,000) (38,453,000)
Debt issuance costs 685,000 685,000
Other, net (1,267,000) 727,000
Changes in assets and liabilities, net of effects from acquisitions    
Accrued production receivable (72,795,000) (36,750,000)
Trade and other receivables 1,644,000 865,000
Other current and long-term assets 189,000 (2,542,000)
Accounts payable and accrued liabilities 11,410,000 (1,402,000)
Oil and natural gas production payable 23,348,000 12,795,000
Other liabilities (4,233,000) (826,000)
Net cash provided by operating activities 90,143,000 52,656,000
Cash flows from investing activities    
Oil and natural gas capital expenditures (58,707,000) (19,627,000)
CCUS storage sites and related capital expenditures (14,900,000) 0
Acquisitions of oil and natural gas properties 0 (10,665,000)
Pipelines and plants capital expenditures (15,204,000) (458,000)
Other (1,396,000) (2,913,000)
Net cash used in investing activities (90,207,000) (33,663,000)
Cash flows from financing activities    
Bank repayments (274,000,000) (202,000,000)
Bank borrowings 274,000,000 207,000,000
Pipeline financing repayments 0 (16,509,000)
Other (3,068,000) (3,013,000)
Net cash used in financing activities (3,068,000) (14,522,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash (3,132,000) 4,471,000
Cash, cash equivalents, and restricted cash at beginning of period 50,344,000 42,248,000
Cash, cash equivalents, and restricted cash at end of period $ 47,212,000 $ 46,719,000