Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ??? UNAUDITED

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS – UNAUDITED - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net loss $ (20,661) $ (20,021)
Adjustments to reconcile net loss to net cash provided by operating activities:    
(Gain) loss on extinguishment of debt (2,157) 1,231
Depreciation, depletion and amortization 50,893 23,884
Impairments of oil and gas properties 0 1,811
Derivative contracts:    
Net losses 167,887 44,368
Cash settlements and premiums paid, net 29,408 7,169
Deferred income tax benefit (721) (310)
Non-cash interest expense 800 611
Share-based compensation 924 2,246
Other, net (182) 2
Changes in operating assets and liabilities, net (33,540) (13,966)
Net cash provided by operating activities 133,835 32,687
Cash flows from investing activities    
Capital expenditures (71,173) (34,758)
Proceeds from sales of assets, net 656 4
Net cash used in investing activities (70,517) (34,754)
Cash flows from financing activities    
Proceeds from credit facility borrowings 50,000 0
Repayments of credit facility borrowings (130,000) (85,500)
Repayments of second lien term loan 0 (53,140)
Repayments of acquired debt (83) 0
Proceeds from redeemable common units 0 151,160
Proceeds from redeemable preferred stock 0 2
Transaction costs paid on behalf of Noncontrolling interest 0 (5,543)
Issuance costs paid for Noncontrolling interest securities 0 (3,758)
Withholding taxes for share-based compensation (445) (476)
Debt issuance costs paid (113) (1,830)
Net cash provided by (used in) financing activities (80,641) 915
Net decrease in cash and cash equivalents (17,323) (1,152)
Cash and cash equivalents – beginning of period 23,681 13,020
Cash and cash equivalents – end of period 6,358 11,868
Cash paid for:    
Interest, net of amounts capitalized 20,214 4,888
Non-cash investing and financing activities:    
Changes in property and equipment related to capital contributions 0 (38,415)
Changes in accrued liabilities related to capital expenditures $ 9,361 $ 20,246