| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Net income | |||||||||
57,821 | 16,006 | -96,378 | -127,110 | 63,269 | 38,647 | -18,791 | 13,743 | - | - |
Net income (loss) from discontinued operations | |||||||||
- | - | - | -20 | 1,318 | -8,194 | -21,897 | - | - | - |
Net (loss) income from continuing operations | |||||||||
- | - | - | -127,090 | 61,951 | 46,841 | 3,106 | - | - | - |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Net income (loss) income | |||||||||
- | - | - | - | - | - | - | - | 1,766 | -28,525 |
Earnings from equity method investment | |||||||||
- | - | - | - | - | - | 2,207 | 2,187 | -473 | 0 |
(Gain) on sale of properties | |||||||||
- | - | - | 0 | 0 | 33,377 | 0 | 0 | - | - |
Loss on sale of non-oil and gas assets | |||||||||
-181 | 102 | 374 | - | - | - | - | - | - | - |
Net loss on derivative contracts | |||||||||
8,060 | -1,849 | -18,028 | 19,301 | 25,237 | -2,494 | 4,088 | - | - | - |
Derivative contract settlements | |||||||||
- | - | - | -9,495 | -361 | 5,035 | - | - | - | - |
Net cash settlements paid on derivative contracts | |||||||||
20,241 | -2,450 | -1,790 | - | - | - | - | - | - | - |
Change in derivative fair value | |||||||||
- | - | - | - | - | - | - | 7,680 | - | - |
Change in derivative fair value | |||||||||
- | - | - | - | - | - | - | - | 10,451 | -25,740 |
Monetization of derivative contracts | |||||||||
- | - | 14,370 | 4,610 | 152 | 0 | 12,364 | 0 | 0 | - |
Monetization of derivative contracts | |||||||||
- | - | - | - | - | - | - | - | - | -26,736 |
Depreciation, depletion, amortization and accretion | |||||||||
42,759 | 26,226 | 24,431 | 38,721 | 43,139 | 25,588 | 20,953 | 16,194 | 16,212 | 17,886 |
Proved property impairment | |||||||||
- | - | 67,626 | 128,573 | 0 | 0 | - | - | - | - |
Impairment | |||||||||
- | - | - | - | - | - | - | 0 | 4,787 | 0 |
Amortization of deferred financing fees | |||||||||
440 | 423 | 1,019 | 643 | 934 | 1,367 | 937 | 1,762 | 2,479 | -1,326 |
Accretion expense | |||||||||
516 | 451 | 491 | 565 | 559 | 615 | 457 | 452 | 516 | - |
Accretion of future site restoration | |||||||||
- | - | - | - | - | - | - | - | - | 558 |
Stock-based compensation | |||||||||
2,366 | 3,238 | 3,194 | 3,912 | 2,703 | 2,114 | 2,091 | 1,987 | 1,560 | 1,239 |
Non-cash compensation | |||||||||
- | - | 40 | 0 | 0 | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Registration fees previously capitalized | |||||||||
- | - | - | - | - | - | - | - | - | -2,210 |
Loss on disposal of assets | |||||||||
- | - | - | - | - | - | - | - | - | -289 |
Other non-cash transactions | |||||||||
- | - | - | - | - | - | - | - | 24 | 78 |
Accounts receivable | |||||||||
7,543 | 18,569 | 4,018 | -12,097 | -11,881 | 13,702 | 7,703 | 182 | 3,976 | 803 |
Other assets | |||||||||
-18 | -155 | -627 | -1,466 | 2,717 | 7 | -269 | 17 | 113 | 7 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | |||||||||
- | - | - | 6,999 | 94,462 | 52,479 | 55,373 | - | - | - |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | |||||||||
- | - | - | -20 | 1,741 | -825 | -3,998 | - | - | - |
Accounts payable and accrued expenses | |||||||||
11,576 | 6,231 | -3,535 | - | - | - | - | - | - | - |
Accounts payable and accrued expenses | |||||||||
- | - | - | -45,970 | 1,596 | 27,514 | 26,264 | 756 | 14,210 | -1,545 |
Accrued expenses | |||||||||
167 | -235 | -439 | -722 | -860 | -1,933 | 2,930 | -333 | -3,385 | - |
Accrued expenses | |||||||||
- | - | - | - | - | - | - | - | - | 1,046 |
Net cash provided by operating activities | |||||||||
80,000 | 38,123 | 26,872 | 6,979 | 96,203 | 51,654 | 51,375 | 24,495 | 24,102 | 44,136 |
Investing Activities | |||||||||
Capital expenditures, including purchases and development of properties | |||||||||
179,509 | 108,236 | 31,663 | 69,391 | 192,799 | 92,489 | 59,528 | 79,012 | 36,448 | 16,471 |
Proceeds from the sale of oil and gas properties | |||||||||
3,279 | 16,979 | 13,570 | 138 | 5,999 | 127,529 | 21,549 | 8,457 | 21,400 | 2,375 |
Proceeds from the sale of non-oil and gas assets | |||||||||
26 | 204 | 4,022 | 0 | 0 | - | - | - | - | - |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | |||||||||
- | - | - | - | -186,800 | 35,040 | -37,979 | - | - | - |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | |||||||||
- | - | - | - | 332 | -2,554 | -9,024 | - | - | - |
Net cash used in investing activities | |||||||||
-176,204 | -91,053 | -14,071 | -69,253 | -186,468 | 32,486 | -47,003 | -70,555 | -15,048 | -14,096 |
Financing Activities | |||||||||
Proceeds from exercise of stock options | |||||||||
- | - | - | 168 | 255 | 83 | 431 | 83 | 69 | 203 |
Proceeds from issuance of common stock, net of offering cost of $1.6 million and $3.8 million, respectively | |||||||||
- | 65,224 | 27,135 | 0 | 53,755 | 0 | 0 | 62,346 | 0 | 0 |
Transaction costs on exchange of partnership units | |||||||||
- | - | - | - | - | - | - | - | - | 2,557 |
Proceeds from long-term borrowings | |||||||||
127,000 | 82,000 | 22,000 | 68,007 | 82,000 | 42,000 | 30,500 | 50,500 | 3,000 | 13,500 |
Payments on long-term borrowings | |||||||||
31,258 | 91,786 | 65,330 | 6,064 | 47,143 | 122,826 | 32,181 | 65,153 | 13,641 | 32,736 |
Partnership distribution to non-controlling interest | |||||||||
- | - | - | - | - | - | - | - | - | 2,257 |
Deferred financing fees | |||||||||
304 | 890 | 195 | 69 | 1,010 | 110 | 844 | 1,758 | 169 | 5,687 |
Exercise of stock options | |||||||||
15 | - | 49 | - | - | - | - | - | - | - |
Other | |||||||||
- | - | - | - | - | -3,536 | -13,239 | -52 | -75 | -569 |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | |||||||||
- | - | - | - | 87,857 | -84,389 | -15,333 | - | - | - |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | |||||||||
- | - | - | - | 975 | 3,375 | 13,022 | - | - | - |
Net cash provided by financing activities | |||||||||
95,453 | 54,548 | -16,341 | 62,042 | 88,832 | -81,014 | -2,311 | 45,966 | -10,816 | -30,103 |
Effect of exchange rate changes on cash - discontinued operations | |||||||||
- | - | - | - | - | 18 | 0 | -5 | 0 | 0 |
Increase (decrease) in cash and cash equivalents | |||||||||
-751 | 1,618 | -3,540 | -232 | -1,433 | 3,144 | 2,061 | -99 | -1,762 | -63 |
Supplemental disclosures of cash flow information: | |||||||||
Interest paid | |||||||||
6,858 | 2,401 | 3,899 | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | 3,298 | 1,970 | 3,986 | 5,180 | 4,514 | 8,876 | -10,575 |
Income tax paid | |||||||||
- | - | - | 0 | 0 | 391 | 0 | -77 | - | - |
Non-cash investing and financing activities | |||||||||
Properties classified as held for sale | |||||||||
- | - | 9,685 | 0 | - | - | - | - | - | - |
Non-cash transfer of investment in joint venture | |||||||||
- | - | - | - | - | - | 28,531 | 0 | 0 | - |
Asset retirement obligation cost and liabilities | |||||||||
- | - | - | - | - | - | - | - | - | 80 |
Asset retirement obligations associated with property acquisitions and dispositions, net | |||||||||
-1,799 | -1,551 | -1,832 | 410 | -406 | -1,890 | 324 | 306 | -2,735 | 2 |
Issuance of stock for acquisition of oil and gas properties | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Issuance of stock for acquisition of oil and gas properties | |||||||||
- | 3,335 | - | - | - | - | - | - | - | - |
Change in capital expenditures included in accounts payable | |||||||||
-6,014 | 23,507 | - | - | - | - | - | - | - | - |
Change in asset retirement obligations | |||||||||
1 | 1,252 | 285 | 30 | 198 | 138 | 2,588 | 8 | 83 | - |
Change in capital expenditures included in accounts payable | |||||||||
-6,014 | 23,507 | - | 0 | - | - | - | - | - | - |
Properties contributed to joint venture | |||||||||
- | - | - | - | - | - | - | - | 24,500 | 0 |