v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (17,807) $ 4,004  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Losses on commodity derivative contracts-net 7,732 3,939  
Net cash received (paid) for commodity derivative contracts not designated as hedging instruments 769 (160)  
Asset retirement accretion 157 297  
Depreciation, depletion, and amortization 11,794 15,213  
Impairment in carrying value of oil and gas properties 9,653    
Share-based compensation, net of amounts capitalized to oil and gas properties 966 2,210  
Amortization of deferred financing costs 174 108  
Change in operating assets and liabilities:      
Accounts receivable - oil and gas sales 3,573 1,293  
Accounts receivable - JIB and other 1,613 (663)  
Other current and noncurrent assets (1,529) (1,750)  
Accounts payable 1,044 (1,467)  
Accrued liabilities (4,972) (869)  
Other (2) (8)  
Net cash provided by operating activities 13,165 22,147  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in property and equipment (9,527) (31,758)  
Net cash used in investing activities (9,527) (31,758)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of revolving credit facility (3,000) (50,000)  
Proceeds from revolving credit facility 39,000    
Repurchase of restricted stock for tax withholdings (262) (459)  
Common stock repurchased and retired (50,000)    
Net cash used in financing activities (14,262) (50,459)  
NET DECREASE IN CASH AND CASH EQUIVALENTS (10,624) (60,070)  
Cash and cash equivalents, beginning of period 11,341 68,498 $ 68,498
Cash and cash equivalents, end of period 717 8,428 $ 11,341
SUPPLEMENTAL INFORMATION:      
Non-cash transactions - investments in property and equipment accrued - not paid 3,552 18,508  
Cash paid for interest, net of capitalized interest of $0.1 million, respectively 664 $ 1,785  
Right-of-use assets obtained in exchange for operating lease liabilities $ 4,857    

Source