Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ (107,162) $ 2,965
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 45,134 18,631
Amortization of Debt Issuance Costs 1,301 1,363
Amortization of Bond (Premium) Discount on Long-term Debt (746) 117
Deferred Income Taxes 0 0
Gain (Loss) On Derivative Instruments 152,169 12,141
Gain on Contingent Consideration (1,392) 0
PIK Interest on Second Lien Notes 1,742 0
Stock-Based Compensation Expense 2,751 (820)
Other (21) (40)
Changes in Working Capital and Other Items:    
Accounts Receivable, Net 5,939 (4,338)
Prepaid and Other Expenses 178 (723)
Accounts Payable 5,783 1,890
Accrued Interest 426 13,981
Accrued Expenses (907) 354
Net Cash Provided By Operating Activities 98,908 45,521
CASH FLOWS FROM INVESTING ACTIVITIES    
Drilling and Development Capital Expenditures (69,786) (52,893)
Acquisition of Oil and Natural Gas Properties (8,122) (5,107)
Purchases of Other Property and Equipment (5) (22)
Net Cash Used for Investing Activities (77,913) (58,022)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on Revolving Credit Facility 53,000 0
Repayments on Revolving Credit Facility (46,000) 0
Debt Issuance Costs Paid (70) (21)
Debt Exchange Derivative Settlements (894) 0
Contingent Consideration Settlements (9,778) 0
Repurchases of Common Stock (15,108) 0
Restricted Stock Surrenders - Tax Obligations (558) (188)
Net Cash Used for by Financing Activities (19,409) (210)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,586 (12,710)
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 2,358 102,183
CASH AND CASH EQUIVALENTS – END OF PERIOD 3,944 89,473
Commodity Contract    
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Gain (Loss) On Derivative Instruments 152,169 12,141
Debt Exchange Derivative    
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:    
Gain (Loss) On Derivative Instruments $ (6,287) $ 0