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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income (loss) $ 89,199 $ (872)
Adjustments to reconcile net income (loss) to cash flows from operating activities    
Depletion, depreciation, and amortization 42,032 35,345
Deferred income taxes 25,912 (5,944)
Stock-based compensation 4,938 2,971
Commodity derivatives expense (income) (23,123) 192,719
Receipt (payment) on settlements of commodity derivatives 2,065 (93,057)
Debt issuance costs 531 685
Other, net (1,958) (1,267)
Changes in assets and liabilities, net of effects from acquisitions    
Accrued production receivable 793 (72,795)
Trade and other receivables (2,425) 1,644
Other current and long-term assets 4,506 189
Accounts payable and accrued liabilities (42,247) 11,410
Oil and natural gas production payable (2,861) 23,348
Asset retirement obligations and other liabilities (8,840) (4,233)
Net cash provided by operating activities 88,522 90,143
Cash flows from investing activities    
Oil and natural gas capital expenditures (104,782) (58,707)
CCUS storage sites and related capital expenditures (14,645) (14,900)
Acquisitions of oil and natural gas properties (35) 0
Pipelines and plants capital expenditures (623) (15,204)
Equity investments (7,108) 0
Other (5,879) (1,396)
Net cash used in investing activities (133,072) (90,207)
Cash flows from financing activities    
Bank repayments (319,000) (274,000)
Bank borrowings 358,000 274,000
Other 5,619 (3,068)
Net cash provided by (used in) financing activities 44,619 (3,068)
Net increase (decrease) in cash, cash equivalents, and restricted cash 69 (3,132)
Cash, cash equivalents, and restricted cash at beginning of period 47,880 50,344
Cash, cash equivalents, and restricted cash at end of period $ 47,949 $ 47,212