v3.24.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows provided by (used in) operating activities:    
Net income (loss) including noncontrolling interests $ (12,168) $ 193,269
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation, amortization and accretion 345,146 341,070
Impairments 5,503 31,270
Commodity derivative fair value gains (3,861) (134,476)
Gains (losses) on settled commodity derivatives 7,262 (10,787)
Payments for derivative monetizations   (202,339)
Deferred income tax expense (benefit) (3,442) 32,288
Equity-based compensation expense 33,228 26,530
Equity in earnings of unconsolidated affiliate (44,228) (36,779)
Dividends of earnings from unconsolidated affiliate 62,569 62,569
Amortization of deferred revenue (13,477) (15,151)
Amortization of debt issuance costs and other 1,328 1,732
Settlement of asset retirement obligations (1,680) (633)
Contract termination and loss contingency 3,006  
Loss (gain) on sale of assets 170 (311)
Loss on convertible note inducement   86
Changes in current assets and liabilities:    
Accounts receivable 19,067 (1,399)
Accrued revenue 38,354 384,245
Prepaid expenses and other current assets 6,547 21,294
Accounts payable including related parties 6,616 12,701
Accrued liabilities (14,830) (102,668)
Revenue distributions payable (32,406) (108,723)
Other current liabilities 2,405 5,377
Net cash provided by operating activities 405,109 499,165
Cash flows provided by (used in) investing activities:    
Additions to unproved properties (43,571) (110,447)
Drilling and completion costs (362,228) (517,591)
Additions to other property and equipment (9,035) (9,058)
Proceeds from asset sales 418 311
Change in other assets 291 (1,255)
Net cash used in investing activities (414,125) (638,040)
Cash flows provided by (used in) financing activities:    
Repurchases of common stock   (75,356)
Borrowings on Credit Facility 1,950,000 2,533,300
Repayments on Credit Facility (1,871,200) (2,208,200)
Convertible note inducement   (86)
Distributions to noncontrolling interests in Martica Holdings LLC (42,899) (83,084)
Employee tax withholding for settlement of equity-based compensation awards (26,355) (27,357)
Other (530) (342)
Net cash provided by financing activities 9,016 138,875
Net increase in cash and cash equivalents 0 0
Cash and cash equivalents, beginning of period   0
Cash and cash equivalents, end of period 0 0
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 63,512 51,927
Decrease in accounts payable and accrued liabilities for additions to property and equipment $ (2,967) $ (8,353)

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