Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Cash Flow from Operating Activities        
Net Income (Loss) $ 12,242 $ 1,956 $ 30,381 $ (622)
Adjustments to reconcile Net Income (Loss) to Net Cash provided by Operating Activities:        
Deferred Income Tax Expense (Benefit)     4,773 (96)
Depreciation, Amortization and Accretion 19,445 16,942 57,137 49,724
Stock-Based Compensation     8,945 9,134
Impairment of Long-Lived Assets       15,597
Abandoned Well Costs 1,214 9,222 1,214 14,637
(Gain) Loss on Disposal of Assets, Net (2,600) (100) (2,574) 481
Amortization of Debt Issuance Costs, Net     1,580 1,563
Other     (345) 377
Changes in Operating Assets and Liabilities:        
Accounts Receivable     22,594 (33,683)
Accounts Receivable from Affiliate     22,771 (5,581)
Other Receivables     (13,359) (2,139)
Prepaids and Deposits     3,564 4,215
Accounts Payable     (155) 3,233
Payables to Affiliate     (1,844) 913
Accrued Liabilities and Other     17,843 19,432
Net Cash Provided by Operating Activities     152,525 77,185
Cash Flow from Investing Activities        
Property, Plant and Equipment Expenditures     (131,874) (96,991)
Cash Paid for Asset Acquisitions       (3,353)
Proceeds from Sale of Property, Plant and Equipment 20,100 7,400 20,119 7,441
Net Cash Used in Investing Activities     (111,755) (92,903)
Cash Flow from Financing Activities        
Dividends and Distributions Paid     (16,083) (19,157)
Repurchase of Shares     (625)  
Repayment of Credit Facility     (51,000)  
Proceeds from Credit Facility     50,000  
Net Cash Used in Financing Activities     (17,708) (19,157)
Net Increase (Decrease) in Cash     23,062 (34,875)
Cash, Beginning of Period     1,122 60,055
Cash, End of Period $ 24,184 $ 25,180 24,184 25,180
Supplementary Cash Flow Data        
Cash Paid for Interest     $ 18,230 $ 15,250