| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
-30,088 | 117,962 | -11,948 | -15,189 | -14,820 | ||
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||
Depreciation, depletion, amortization, accretion and impairment of oil and gas properties | ||||||
137,937 | 141,815 | 37,152 | 24,965 | - | ||
Depreciation, depletion, amortization and accretion | ||||||
- | - | - | - | 23,364 | ||
Impairment of oil and gas properties | ||||||
- | - | - | - | 8,131 | ||
Deferred income taxes (benefit) | ||||||
2,143 | 18,157 | 1,690 | 0 | 0 | ||
Stock-based compensation | ||||||
6,301 | 6,522 | 1,245 | 0 | 0 | ||
(Gain) loss on disposition of property and equipment | ||||||
11,117 | -499 | 4,995 | 50 | - | ||
(Gain) loss on derivative instruments | ||||||
-65,602 | 92,534 | -16,706 | -4,630 | - | ||
Gain on sale of oil and natural gas properties | ||||||
- | - | - | - | -18 | ||
(Gain) loss on commodity derivative instruments | ||||||
- | - | - | - | 3,735 | ||
(Gain) loss on interest rate swaps | ||||||
- | - | - | - | -1,842 | ||
Net cash (paid) received in settlement of derivative instruments | ||||||
-15,294 | -14,683 | 74 | -1,608 | 4,470 | ||
Net cash paid in settlement of interest rate swaps | ||||||
- | - | - | - | -1,165 | ||
Amortization of debt issuance costs | ||||||
1,943 | 2,139 | 274 | 100 | 98 | ||
Write-off of undeveloped and exploratory costs | ||||||
12,377 | 0 | 0 | - | - | ||
Settlement of asset retirement obligations | ||||||
7 | 801 | 840 | 53 | 10 | ||
(Gain) loss from revaluation of tax receivable agreement liability | ||||||
170 | 3,518 | 0 | 0 | - | ||
Changes in operating assets and liabilities: | ||||||
Increase in accounts receivable and accounts receivable, related parties | ||||||
2,563 | 14,816 | 8,230 | 3,091 | -550 | ||
Decrease (increase) in prepaid and other assets | ||||||
-259 | 59 | 451 | -53 | -634 | ||
Increase (decrease) in accounts payable and accrued liabilities and other | ||||||
-180 | 8,526 | 7,476 | 1,691 | -1,133 | ||
Increase (decrease) in accounts payable, related parties | ||||||
-74 | 64 | -394 | 0 | 0 | ||
Net cash provided by operating activities | ||||||
167,409 | 176,309 | 37,759 | 11,461 | 18,244 | ||
Additions to oil and natural gas properties | ||||||
249,864 | 377,897 | 149,832 | 22,004 | 17,176 | ||
Acquisition of White Wolf | ||||||
0 | 4,005 | 114,843 | 0 | - | ||
Acquisition of land and leasehold, royalty and mineral interest | ||||||
1,262 | 15,281 | 6,500 | 0 | 0 | ||
Proceeds received from disposition of oil and natural gas properties | ||||||
21,770 | 0 | 6,252 | - | - | ||
Acquisition of leasehold interests | ||||||
- | - | - | - | 0 | ||
Additions to other property and equipment | ||||||
1,039 | 2,160 | 574 | 263 | 167 | ||
Proceeds from sale of other property and equipment | ||||||
0 | 0 | 0 | 103 | 350 | ||
Net cash used in investing activities | ||||||
-230,395 | -399,343 | -265,497 | -22,164 | -16,993 | ||
Proceeds from revolving credit facility | ||||||
128,000 | 274,000 | 66,000 | 10,000 | 0 | ||
Repayment on revolving credit facility | ||||||
62,000 | 80,000 | 121,000 | 0 | 0 | ||
Repayment of long-term debt | ||||||
- | - | - | 20,000 | 10,000 | ||
Distribution to Tema | ||||||
- | - | - | - | 25,869 | ||
Proceeds from notes payable to related party | ||||||
- | - | - | - | 1,750 | ||
Proceeds from Class A Common Stock offering | ||||||
0 | 40,511 | 0 | 0 | - | ||
Class A Common Stock offering issuance costs | ||||||
0 | 1,155 | 0 | - | - | ||
Proceeds from issuance of Series A Preferred Stock and Warrants | ||||||
0 | 0 | 95,000 | 0 | - | ||
Series A Preferred Stock issuance costs | ||||||
0 | 0 | 4,220 | 0 | - | ||
Proceeds from issuance of Series B Preferred Stock | ||||||
0 | 0 | 150,000 | 0 | - | ||
Series B Preferred Stock upfront fees and transaction costs | ||||||
0 | 20 | 10,017 | 0 | - | ||
Proceeds from Second lien notes, net | ||||||
0 | 0 | 97,000 | 0 | - | ||
Proceeds from Second lien notes, net | ||||||
- | - | - | - | 0 | ||
Net proceeds from the Transaction | ||||||
0 | 0 | 18,688 | 0 | 0 | ||
Distribution to noncontrolling interest | ||||||
0 | 0 | 40,487 | 0 | 0 | ||
Distribution to Tema | ||||||
0 | 0 | 2,267 | - | - | ||
Distribution to Tema | ||||||
- | - | - | 1,432 | - | ||
Debt issuance costs | ||||||
799 | 3,330 | 4,640 | 0 | 72 | ||
Dividends paid on preferred stock | ||||||
19,120 | 10,716 | 38 | 0 | 0 | ||
Restricted stock used for tax withholdings | ||||||
246 | 749 | 0 | 0 | - | ||
Payment on capital lease obligation | ||||||
15 | 32 | 33 | 29 | 28 | ||
Net cash provided by financing activities | ||||||
45,820 | 218,509 | 243,986 | -8,597 | 17,519 | ||
Net increase (decrease) in cash, cash equivalents, and restricted cash | ||||||
-17,166 | -4,525 | 16,248 | - | - | ||
Net increase (decrease) in cash, cash equivalents, and restricted cash | ||||||
- | - | - | -19,300 | 18,770 | ||
Supplemental disclosures: | ||||||
Cash paid for interest | ||||||
23,305 | 17,065 | 1,889 | 1,794 | 2,371 | ||
Supplemental noncash activity: | ||||||
Asset retirement obligations incurred, net of revision of estimates | ||||||
-308 | 4,697 | 5,766 | - | - | ||
Asset retirement obligations incurred, net of revision of estimates | ||||||
- | - | - | 1,641 | 515 | ||
Net settlement of related party receivable and payable | ||||||
- | - | - | - | 0 | ||
Contribution from Parent in exchange for note payable | ||||||
- | - | - | - | 11,750 | ||
Changes in accrued capital expenditures | ||||||
7,498 | 14,516 | 42,602 | -1,434 | 1,090 | ||
Changes in accounts payable for capital expenditures | ||||||
6,712 | 7,456 | 25,541 | - | - | ||
Changes in accounts payable for capital expenditures | ||||||
- | - | - | 0 | 0 | ||
Series A Preferred Stock | ||||||
Series A Preferred Stock dividends paid-in-kind | ||||||
4,141 | 3,971 | 5,530 | 0 | - | ||
Series B Preferred Stock | ||||||
Temporary Equity, Dividends, Paid-in-Kind, Amount | ||||||
0 | 6,120 | 626 | 0 | - | ||
Temporary Equity, Accretion of Discount | ||||||
1,529 | 1,345 | 174 | 0 | - | ||