Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Cash Flows [Abstract]      
Net increase (decrease) in cash and cash equivalents $ (10,066) $ 6,847 $ 4,256
Cash and cash equivalents - beginning of period 17,864 11,017 6,761
Cash and cash equivalents - end of period 7,798 17,864 11,017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 70,589 224,785 32,662
Adjustments to reconcile net income to net cash provided by operating activities:      
Non-cash reorganization items 0 (3,322) 0
Depreciation, depletion and amortization 174,569 127,961 48,649
Derivative contracts:      
Net (gains) losses 68,131 (37,427) 17,819
Cash settlements, net (4,136) (48,291) (3,511)
Deferred income tax expense (benefit) 3,373 2,994 (4,943)
Loss (gain) on sales of assets, net (5) 177 36
Non-cash interest expense 3,354 3,416 2,122
Share-based compensation (equity-classified) 4,082 4,618 3,809
Other, net 52 44 61
Changes in operating assets and liabilities:      
Accounts receivable, net (5,079) (23,674) (43,318)
Accounts payable and accrued expenses 4,690 21,109 28,542
Other assets and liabilities 574 (258) (218)
Net Cash Provided by (Used in) Operating Activities 320,194 272,132 81,710
CASH FLOWS FROM INVESTING ACTIVITIES      
Acquisitions, net (6,516) (85,387) (200,849)
Capital expenditures (362,743) (430,592) (115,687)
Proceeds from sales of assets, net 215 7,683 869
Net cash used in investing activities (369,044) (508,296) (315,667)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from credit facility borrowings 76,400 244,000 59,000
Repayment of credit facility borrowings (35,000) 0 (7,000)
Proceeds from second lien note 0 0 196,000
Debt issuance costs paid (2,616) (989) (9,787)
Proceeds received from rights offering, net 0 0 55
Other, net 0 0 (55)
Net cash provided by financing activities 38,784 243,011 238,213
Cash paid for:      
Interest, net of amounts capitalized 32,398 22,599 4,102
Income taxes, net of (refunds) (2,471) 0 0
Reorganization items, net 79 540 954
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Increase (Decrease) in Accounts Receivable, Acquisitions (152) (27,107) (2,583)
Increase (Decrease) in Other Assets, Acquisitions 0 (743) 3,201
Increase (Decrease) in Accrued Liabilities, Acquisitions (540) (11,182) (2,507)
Capital Expenditures, Period Increase (Decrease) (3,602) 44 19,910
Increase (Decrease) in ARO, Acquisitions $ 83 $ 385 $ 494