| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net loss | ||||||
-158,207 | -52,282 | 1,715 | - | |||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation and depletion expense | ||||||
52,118 | 25,213 | 15,546 | - | |||
Impairment of oil and natural gas properties | ||||||
169,200 | 67,300 | 0 | - | |||
Amortization of right-of-use assets | ||||||
154 | - | - | - | |||
Amortization of loan origination costs | ||||||
1,050 | 466 | 57 | - | |||
Equity income in affiliate | ||||||
80 | - | - | - | |||
Unit-based compensation | ||||||
7,502 | 3,170 | 798 | - | |||
(Gain) loss on commodity derivative instruments, net of settlements | ||||||
-3,423 | 4,546 | -318 | - | |||
Changes in operating assets and liabilities: | ||||||
Oil, natural gas and NGL receivables | ||||||
-4,410 | 7,041 | 1,689 | - | |||
Accounts receivable and other current assets | ||||||
26 | -186 | 236 | - | |||
Accounts payable | ||||||
-125 | 985 | 316 | - | |||
Other current liabilities | ||||||
1,762 | -259 | 1,746 | - | |||
Operating lease liabilities | ||||||
-429 | - | - | - | |||
Net cash provided by operating activities | ||||||
80,702 | 33,202 | 18,573 | - | |||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Purchases of property and equipment | ||||||
1,032 | 403 | 61 | - | |||
Proceeds from sale of oil and natural gas properties | ||||||
- | 10,576 | - | - | |||
Purchase of oil and natural gas properties | ||||||
11,686 | 211,101 | 125,848 | - | |||
Investment in affiliate | ||||||
2,965 | - | - | - | |||
Cash distribution from equity method investee | ||||||
94 | - | - | - | |||
Net cash used in investing activities | ||||||
-15,590 | -200,928 | -125,910 | - | |||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Proceeds from the issuance of Series A preferred units, net of issuance costs | ||||||
- | 103,359 | - | - | |||
Proceeds from equity offering | ||||||
- | 61,411 | - | - | |||
Proceeds from initial public offering | ||||||
- | - | 96,255 | - | |||
Contributions from Class B unitholders | ||||||
470 | 972 | - | - | |||
Redemption of Class B contributions on converted units | ||||||
273 | - | - | - | |||
Issuance costs paid on Series A preferred units | ||||||
717 | - | - | - | |||
Distributions to common unitholders | ||||||
35,384 | 38,303 | 13,823 | - | |||
Distribution to OpCo unitholders | ||||||
35,672 | - | - | - | |||
Distributions on Series A preferred units | ||||||
7,700 | 2,630 | - | - | |||
Distributions to Class B unitholders | ||||||
94 | 12 | - | - | |||
Borrowings on long-term debt | ||||||
12,825 | 124,336 | 30,843 | - | |||
Repayments on long-term debt | ||||||
- | 67,870 | - | - | |||
Payment of loan origination costs | ||||||
88 | 3,389 | 312 | - | |||
Restricted units used for tax withholding | ||||||
-46 | - | - | - | |||
Net cash used in financing activities | ||||||
-66,681 | 177,873 | 112,962 | - | |||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
-1,569 | 10,148 | 5,625 | - | |||
Supplemental cash flow information: | ||||||
Cash paid for interest | ||||||
5,181 | 3,285 | 455 | - | |||
Cash paid for taxes | ||||||
801 | - | - | - | |||
Non-cash investing and financing activities: | ||||||
Right-of-use assets obtained in exchange for operating lease liabilities | ||||||
3,554 | - | - | - | |||
Units issued in exchange for oil and natural gas properties | ||||||
207,843 | 325,425 | - | - | |||
Distribution to Series A preferred unitholders in accounts payable | ||||||
981 | 981 | - | - | |||
Non-cash deemed distribution to Series A preferred units | ||||||
6,178 | 2,697 | - | - | |||
Distribution to Class B unitholders in accounts payable | ||||||
- | 18 | - | - | |||
Oil and natural gas property acquisition costs in accounts payable | ||||||
2 | - | - | - | |||
Capital expenditures and consideration payable included in accounts payable and other liabilities | ||||||
- | 10 | - | - | |||
Predecessor | ||||||
Net (loss) income before Series A preferred unit distribution and accretion | ||||||
- | - | - | -6,212 | |||
Depreciation, depletion and accretion expense | ||||||
- | - | - | 1,604 | |||
Impairment of oil and natural gas properties | ||||||
- | - | - | 5,000 | |||
Amortization of loan origination costs | ||||||
- | - | - | 46 | |||
Amortization of tenant improvement allowance | ||||||
- | - | - | -34 | |||
Unit-based compensation | ||||||
- | - | - | 605 | |||
Oil, natural gas and NGL receivables | ||||||
- | - | - | 66 | |||
Accounts receivable and other current assets | ||||||
- | - | - | -1,027 | |||
Accounts payable | ||||||
- | - | - | -952 | |||
Other current liabilities | ||||||
- | - | - | 76 | |||
Net cash provided by operating activities | ||||||
- | - | - | 1,086 | |||
Purchases of property and equipment | ||||||
- | - | - | 19 | |||
Purchase of oil and natural gas properties | ||||||
- | - | - | 78 | |||
Net cash used in investing activities | ||||||
- | - | - | -97 | |||
Repayments on long-term debt | ||||||
- | - | - | 850 | |||
Payment of loan origination costs | ||||||
- | - | - | 13 | |||
Net cash provided by financing activities | ||||||
- | - | - | -863 | |||
NET INCREASE IN CASH AND CASH EQUIVALENTS | ||||||
- | - | - | 126 | |||
Cash paid for interest | ||||||
- | - | - | 373 | |||
Cash paid for taxes | ||||||
- | - | - | 25 | |||
Capital expenditures and consideration payable included in accounts payable and other liabilities | ||||||
- | - | - | -0 | |||