v3.19.3
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Statement of Cash Flows [Abstract]    
Net Income (Loss) $ 31,619 $ (74,603)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 146,791 71,485
Amortization of Debt Issuance Costs 3,948 3,772
Loss on Extinguishment of Debt 425 100,375
Amortization of Bond (Premium) Discount on Long-term Debt (2,165) 198
Unrealized Loss of Derivative Instruments 62,806 72,303
Gain on Debt Exchange Derivative (1,390) (13,063)
Loss on Contingent Consideration 28,633 0
PIK Interest on Second Lien Notes 1,742 0
Stock-Based Compensation Expense 4,280 2,092
Impairment of Other Current Assets 7,969 0
Other (41) (112)
Changes in Working Capital and Other Items:    
Accounts Receivable, Net (6,589) (43,341)
Prepaid and Other Expenses 1,674 (3,216)
Accounts Payable 1,058 4,349
Accrued Interest 2,813 6,128
Payment of Contingent Consideration (21,164) 0
Accrued Liabilities 6,916 48
Net Cash Provided by Operating Activities 269,323 126,416
CASH FLOWS FROM INVESTING ACTIVITIES    
Drilling and Development Capital Expenditures (206,306) (164,584)
Acquisition of Oil and Natural Gas Properties (210,642) (125,487)
Acquisition Deposit 0 (20,000)
Proceeds from Sale of Oil and Natural Gas Properties 0 22
Proceeds from Sale of Other Property and Equipment 0 46
Purchases of Other Property and Equipment (1,001) (87)
Net Cash Used for Investing Activities (417,948) (310,090)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on Revolving Credit Facility 313,000 0
Repayments on Revolving Credit Facility (126,000) 0
Borrowings on Term Loan Credit Agreement 0 60,000
Repurchases of Second Lien Notes (10,488) 0
Debt Issuance Costs Paid (328) (6,838)
Debt Exchange Derivative Settlements (1,044) 0
Contingent Consideration Settlements (11,278) 0
Issuance of Common Stock 0 141,710
Repurchases of Common Stock (15,108) 0
Restricted Stock Surrenders - Tax Obligations (584) (415)
Net Cash Provided by Financing Activities 148,169 194,457
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (456) 10,783
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 2,358 102,183
CASH AND CASH EQUIVALENTS – END OF PERIOD $ 1,901 $ 112,966

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