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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,461 $ 32,227
Adjustments to reconcile net income to net cash provided by operating activities:    
(Gains) losses on commodity derivative contracts-net 15,287 (12,358)
Net cash received (paid) for commodity derivative contracts not designated as hedging instruments (3,677) 3,240
Asset retirement accretion 547 559
Depreciation, depletion, and amortization 31,697 31,301
Share-based compensation, net of amounts capitalized to oil and gas properties 3,425 4,267
Amortization of deferred financing costs 216 169
Change in operating assets and liabilities:    
Accounts receivable - oil and gas sales 1,437 5,519
Accounts receivable - JIB and other (1,713) 1,310
Other current and noncurrent assets (754) 642
Accounts payable 2,301 809
Accrued liabilities (1,921) (4,466)
Other (14) (42)
Net cash provided by operating activities 49,292 63,177
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in property and equipment (65,843) (54,369)
Proceeds from the sale of oil and gas properties 54,432  
Proceeds from the sale of oil and gas equipment 355 1,350
Net cash used in investing activities (11,056) (53,019)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of revolving credit facility (100,000)  
Deferred financing costs   (375)
Repurchase of restricted stock for tax withholdings (478) (622)
Net cash used in financing activities (100,478) (997)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (62,242) 9,161
Cash and cash equivalents, beginning of period 68,498 76,838
Cash and cash equivalents, end of period 6,256 85,999
SUPPLEMENTAL INFORMATION:    
Non-cash transactions - investments in property and equipment accrued - not paid 23,219 17,055
Cash paid for interest, net of capitalized interest of $0.2 million and $1.6 million, respectively $ 3,010 $ 2,107

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