Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 8,780,000 $ (517,538,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depletion, depreciation and amortization 41,147,000 78,028,000
Impairment of oil and natural gas properties 0 553,345,000
Impairment of other property and equipment 14,568,000 0
Loss from equity investments 342,000 10,789,000
Gain on debt extinguishment 0 (15,322,000)
Net loss (gain) on derivative instruments 29,978,000 (98,266,000)
Net cash receipts on settled derivative instruments 125,000 70,733,000
Deferred income tax expense 0 7,290,000
Other, net 1,574,000 3,223,000
Changes in operating assets and liabilities, net 26,661,000 38,556,000
Net cash provided by operating activities 123,175,000 130,838,000
Cash flows from investing activities:    
Additions to oil and natural gas properties (56,895,000) (113,744,000)
Proceeds from sale of oil and natural gas properties 15,000 44,383,000
Other, net (296,000) (448,000)
Net cash used in investing activities (57,176,000) (69,809,000)
Cash flows from financing activities:    
Principal payments on pre-petition revolving credit facility (2,202,000) (180,000,000)
Borrowings on pre-petition revolving credit facility 26,050,000 125,000,000
Repurchase of senior notes 0 (10,204,000)
Other, net (7,000) (252,000)
Net cash provided by (used in) financing activities 23,841,000 (65,456,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 89,840,000 (4,427,000)
Cash, cash equivalents and restricted cash at beginning of period 89,861,000 6,060,000
Cash, cash equivalents and restricted cash at end of period $ 179,701,000 $ 1,633,000