| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net loss | ||||||
-46,755 | -89,061 | -459,507 | 50,953 | 49,342 | -153,791 | -740 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||
Depreciation, depletion and amortization | ||||||
24,015 | 29,673 | 62,887 | 46,180 | 32,449 | 25,424 | 15,216 |
Impairment of oil and natural gas properties | ||||||
0 | 48,497 | 426,878 | 0 | 0 | 150,787 | 0 |
Stock-based compensation | ||||||
5,921 | 3,918 | 4,981 | 4,890 | 3,435 | 3,295 | 2,612 |
Total loss (gain) on commodity derivatives contracts | ||||||
-4,457 | -2,863 | 24,589 | 19,569 | -4,752 | 7,422 | 12,204 |
Cash settlements of matured commodity derivatives contracts, net | ||||||
-8,181 | -13,110 | -24,910 | 4,901 | -5,892 | - | - |
Cash premiums paid for commodity derivatives contracts | ||||||
1,418 | 565 | 45 | 185 | 152 | -4,539 | -3,370 |
Cash settlements of matured commodity derivative contracts, net | ||||||
- | - | - | - | - | -16,251 | -11,449 |
Cash premiums paid for commodity derivatives contracts | ||||||
1,418 | 565 | 45 | - | - | -4,539 | -3,370 |
Amortization of deferred financing costs and debt discount | ||||||
10,977 | 4,980 | 3,584 | 3,067 | 2,322 | 224 | 249 |
Paid-in-kind interest | ||||||
6,599 | 0 | 0 | - | - | - | - |
Accretion of asset retirement obligation | ||||||
237 | 368 | 502 | 506 | 468 | 388 | 534 |
Settlement of asset retirement obligation | ||||||
0 | 307 | 83 | 588 | 66 | 636 | 0 |
Gain on sale of furniture and equipment | ||||||
0 | -97 | 0 | 0 | - | - | - |
Loss on early extinguishment of debt | ||||||
-12,172 | 0 | 0 | - | - | - | - |
Gain on acquisition of assets at fair value | ||||||
- | - | - | - | 27,670 | 0 | 0 |
Deferred tax benefit | ||||||
- | - | - | - | -16,042 | 0 | 0 |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
12,345 | 14,850 | -19,333 | 12,524 | 8,431 | -2,487 | 6,672 |
Prepaid expenses | ||||||
205 | -4,301 | 2,973 | 938 | 48 | -146 | 100 |
Accounts payable and accrued liabilities | ||||||
8,226 | 3,713 | -4,606 | -2,566 | 1,563 | 4,441 | 4,303 |
Net cash provided by (used in) operating activities | ||||||
20,062 | 6,737 | 51,272 | 64,325 | 47,814 | - | - |
Net cash provided by operating activities | ||||||
- | - | - | - | - | 37,055 | 11,277 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Development and purchase of oil and natural gas properties | ||||||
107,748 | 59,922 | 148,182 | 155,631 | 95,343 | 136,311 | 73,718 |
(Payments to) proceeds from non-operators | ||||||
- | - | - | - | - | -1,983 | - |
(Payments to) proceeds from non-operators | ||||||
- | - | - | - | - | -1,983 | - |
Acquisition of oil and natural gas properties | ||||||
- | - | - | - | - | - | 0 |
(Acquisition of) refund for oil and natural gas properties | ||||||
54,496 | -1,143 | 45,575 | -4,209 | 251,096 | - | - |
Acquisition of oil and natural gas properties - refund (expenditure) | ||||||
- | - | - | - | - | 0 | - |
Proceeds from sale of oil and natural gas properties | ||||||
28,781 | 121,273 | 47,314 | 5,530 | 112,201 | 0 | 0 |
(Advances to) reimbursements from operators | ||||||
44 | -576 | 2,302 | - | - | - | - |
Reimbursements from (advances to) operators | ||||||
- | - | - | -61,067 | - | - | - |
Advances to operators | ||||||
- | - | - | - | 22,213 | -9,649 | -8,392 |
Proceeds from (application of proceeds from) non-operators | ||||||
2,059 | -3,337 | 1,653 | - | - | - | - |
Proceeds from non-operators | ||||||
- | - | - | - | - | - | 18,740 |
Purchase of furniture and equipment | ||||||
- | - | - | - | 766 | 296 | 454 |
Repurchase of common stock | ||||||
- | - | - | - | 9,753 | 0 | 0 |
Net cash used in investing activities | ||||||
- | - | - | - | - | -148,239 | -63,824 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Proceeds from (payments to) non-operators | ||||||
- | - | - | -7,439 | - | - | - |
Payments to non-operators | ||||||
- | - | - | - | 8,281 | - | - |
(Purchase) sale of furniture and equipment | ||||||
-1,216 | 73 | -58 | -319 | - | - | - |
Net cash provided by (used in) investing activities | ||||||
-136,782 | 66,480 | -150,456 | -214,717 | -265,498 | - | - |
Proceeds from term loan | ||||||
250,000 | 0 | 0 | - | - | - | - |
Proceeds from convertible notes | ||||||
200,000 | 0 | 0 | - | - | - | - |
Repayment of senior secured notes | ||||||
325,000 | 0 | 0 | - | - | - | - |
Proceeds from revolving credit facility | ||||||
0 | 0 | 196,000 | 103,000 | 19,000 | 98,000 | 71,000 |
Repayment of revolving credit facility | ||||||
84,630 | 115,370 | 41,000 | 58,000 | 117,000 | 30,000 | 41,000 |
Loss on early extinguishment of debt | ||||||
7,011 | 0 | 0 | - | - | - | - |
Proceeds from issuance of common stock, net of issuance costs | ||||||
56,366 | 69,224 | 0 | 101,319 | 0 | 0 | - |
Proceeds from issuance of senior secured notes, net of discount | ||||||
- | - | - | - | 312,279 | 0 | 0 |
Proceeds from issuance of preferred stock, net of issuance costs | ||||||
- | - | - | 2,064 | 50,183 | 49,250 | 27,391 |
Dividends on preferred stock | ||||||
19,298 | 3,618 | 14,473 | 14,424 | 9,378 | 7,077 | - |
Dividends on preferred stock | ||||||
- | - | - | - | - | - | -1,024 |
Deferred financing charges | ||||||
11,011 | 1,285 | 805 | 405 | 3,785 | 450 | 276 |
Increase in restricted cash | ||||||
370 | 0 | 0 | - | - | - | - |
Tax withholding related to restricted stock award vestings | ||||||
589 | 713 | 1,472 | 4,562 | 334 | 336 | - |
Other | ||||||
- | - | - | 15 | -36 | 51 | -336 |
Net cash (used in) provided by financing activities | ||||||
58,457 | -51,762 | 138,250 | 129,007 | 241,176 | - | - |
Net cash (used in) provided by financing activities | ||||||
- | - | - | - | - | 109,438 | 55,755 |
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD: | ||||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
-58,263 | 21,455 | 39,066 | -21,385 | 23,492 | -1,746 | 3,208 |