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
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]    
Net Loss $ (62,762) $ (93,582)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:    
Depletion, Depreciation, Amortization and Accretion 91,225 41,227
Amortization of Debt Issuance Costs 2,616 2,635
Loss on Extinguishment of Debt 425 90,833
Amortization of Bond (Premium) Discount on Long-term Debt (1,498) 173
Loss on the Mark-to-Market of Derivative Instruments 120,311 42,077
Gain on Debt Exchange Derivative (1,413) 0
Loss on Contingent Consideration 23,371 0
PIK Interest on Second Lien Notes 1,742 0
Stock-Based Compensation Expense 4,394 580
Impairment of Other Current Assets 2,694 0
Other (31) (104)
Changes in Working Capital and Other Items:    
Accounts Receivable, Net 8,845 (21,232)
Prepaid and Other Expenses 1,440 (3,251)
Accounts Payable 5,940 11,427
Accrued Interest 318 26
Accrued Liabilities 682 (7,191)
Net Cash Provided by Operating Activities 198,300 63,617
CASH FLOWS FROM INVESTING ACTIVITIES    
Drilling and Development Capital Expenditures (140,092) (110,720)
Acquisition of Oil and Natural Gas Properties (19,438) (48,975)
Acquisition Deposit (31,000) 0
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 (611) (52)
Net Cash Used for Investing Activities (191,141) (159,679)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances on Revolving Credit Facility 123,000 0
Repayments on Revolving Credit Facility (90,000) 0
Borrowings on Term Loan Credit Agreement 0 60,000
Repayment of Second Lien Notes (10,488) 0
Debt Issuance Costs Paid (120) (6,557)
Debt Exchange Derivative Settlements (894) 0
Contingent Consideration Settlements (12,528) 0
Issuance of Common Stock 0 141,710
Repurchases of Common Stock (15,108) 0
Restricted Stock Surrenders - Tax Obligations (584) (349)
Net Cash (Used for) Provided by Financing Activities (6,723) 194,804
NET INCREASE IN CASH AND CASH EQUIVALENTS 436 98,741
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 2,358 102,183
CASH AND CASH EQUIVALENTS – END OF PERIOD $ 2,794 $ 200,924