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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 13,977 $ 35,890
Adjustments to reconcile net income to net cash provided by operating activities:    
(Gains) losses on commodity derivative contracts-net 21,870 (8,767)
Net cash received (paid) for commodity derivative contracts not designated as hedging instruments (7,532) 6,149
Asset retirement accretion 694 833
Depreciation, depletion, and amortization 47,182 46,471
Share-based compensation, net of amounts capitalized to oil and gas properties 4,330 7,102
Amortization of deferred financing costs 324 277
Change in operating assets and liabilities:    
Accounts receivable - oil and gas sales 3,028 4,929
Accounts receivable - JIB and other (322) 2,641
Other current and noncurrent assets (529) (98)
Accounts payable 833 1,392
Accrued liabilities (2,260) (7,381)
Other (25) (121)
Net cash provided by operating activities 81,570 89,317
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in property and equipment (98,164) (92,841)
Proceeds from the sale of oil and gas properties 54,432 2,885
Proceeds from the sale of oil and gas equipment 355 1,350
Net cash used in investing activities (43,377) (88,606)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of revolving credit facility (100,000)  
Deferred financing costs   (375)
Repurchase of restricted stock for tax withholdings (478) (626)
Net cash used in financing activities (100,478) (1,001)
NET DECREASE IN CASH AND CASH EQUIVALENTS (62,285) (290)
Cash and cash equivalents, beginning of period 68,498 76,838
Cash and cash equivalents, end of period 6,213 76,548
SUPPLEMENTAL INFORMATION:    
Non-cash transactions - investments in property and equipment accrued - not paid 16,261 19,865
Cash paid for interest, net of capitalized interest of $0.3 million and $2.1 million, respectively $ 3,555 $ 3,708

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