Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flow from Operating Activities    
Net Income (Loss) $ 18,139 $ (2,578)
Adjustments to reconcile Net Income (Loss) to Net Cash provided by Operating Activities:    
Deferred Income Tax Expense (Benefit) 2,837 (384)
Depreciation, Amortization and Accretion 37,692 32,782
Stock-Based Compensation 5,585 5,539
Impairment of Long-Lived Assets   15,597
Abandoned Well Costs   5,415
Loss on Disposal of Asset, Net 57 578
Amortization of Debt Issuance Costs, Net 1,041 1,099
Other 504 393
Changes in Operating Assets and Liabilities:    
Accounts Receivable 15,097 (20,922)
Accounts Receivable from Affiliate 18,308 (1,492)
Other Receivables (4,005) 1,021
Prepaids and Deposits 1,583 1,313
Accounts Payable (1,001) (2,201)
Payables to Affiliate (578) 620
Accrued Liabilities and Other 1,208 477
Net Cash Provided by Operating Activities 96,467 37,257
Cash Flow from Investing Activities    
Property, Plant and Equipment Expenditures (77,981) (48,318)
Deposit on Assets Held for Sale 1,750  
Net Cash Used in Investing Activities (76,231) (48,318)
Cash Flow from Financing Activities    
Dividends and Distributions Paid (10,743) (13,859)
Repurchase of Shares (599)  
Repayment of Credit Facility (36,000)  
Proceeds from Credit Facility 30,000  
Net Cash Used in Financing Activities (17,342) (13,859)
Net Increase (Decrease) in Cash 2,894 (24,920)
Cash, Beginning of Period 1,122 60,055
Cash, End of Period 4,016 35,135
Supplementary Cash Flow Data    
Cash Paid for Interest $ 17,413 $ 15,250