Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income (loss) $ 49,410  
Derivative contracts:    
Share-based compensation (equity-classified) 1,700  
Cash flows from financing activities    
Proceeds received from rights offering, net 100  
Cash and cash equivalents – beginning of period 6,761  
Cash and cash equivalents – end of period 10,105  
Successor [Member]    
Cash flows from operating activities    
Net income (loss) 49,410  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 20,886  
Accretion of firm transportation obligation 0  
Derivative contracts:    
Net (gains) losses (28,077)  
Cash settlements, net (2,458)  
Loss (gain) on sales of assets, net 69  
Non-cash exploration expense 0  
Non-cash interest expense 988  
Share-based compensation (equity-classified) 1,694  
Other, net 38  
Changes in operating assets and liabilities, net (6,533)  
Net cash provided by operating activities 36,017  
Cash flows from investing activities    
Capital expenditures (43,583)  
Proceeds from sales of assets, net 0  
Other, net 0  
Net cash used in investing activities (43,583)  
Cash flows from financing activities    
Proceeds from credit facility borrowings 14,000  
Repayment of credit facility borrowings (2,000)  
Debt issuance costs paid (1,090)  
Proceeds received from rights offering, net 55  
Other, net (55)  
Net cash provided by (used in) financing activities 10,910  
Net increase in cash and cash equivalents 3,344  
Cash and cash equivalents – beginning of period 6,761  
Cash and cash equivalents – end of period 10,105  
Cash paid for:    
Interest, net of amounts capitalized 795  
Income taxes, net of (refunds) 0  
Reorganization items, net 901  
Non-cash investing and financing activities:    
Changes in accrued liabilities related to capital expenditures 2,322  
Derivatives settled to reduce outstanding debt $ 0  
Predecessor [Member]    
Cash flows from operating activities    
Net income (loss)   $ (100,739)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization   25,558
Accretion of firm transportation obligation   317
Derivative contracts:    
Net (gains) losses   17,267
Cash settlements, net   46,952
Loss (gain) on sales of assets, net   (757)
Non-cash exploration expense   1,713
Non-cash interest expense   22,189
Share-based compensation (equity-classified)   1,364
Other, net   (13)
Changes in operating assets and liabilities, net   31,922
Net cash provided by operating activities   45,773
Cash flows from investing activities    
Capital expenditures   (14,575)
Proceeds from sales of assets, net   126
Other, net   1,186
Net cash used in investing activities   (13,263)
Cash flows from financing activities    
Proceeds from credit facility borrowings   0
Repayment of credit facility borrowings   (5,468)
Debt issuance costs paid   0
Proceeds received from rights offering, net   0
Other, net   0
Net cash provided by (used in) financing activities   (5,468)
Net increase in cash and cash equivalents   27,042
Cash and cash equivalents – beginning of period   11,955
Cash and cash equivalents – end of period   38,997
Cash paid for:    
Interest, net of amounts capitalized   2,765
Income taxes, net of (refunds)   (35)
Reorganization items, net   174
Non-cash investing and financing activities:    
Changes in accrued liabilities related to capital expenditures   (10,555)
Derivatives settled to reduce outstanding debt   $ 51,979