under the original terms of the credit facility , borrowings bore interest at a per annum rate equal to , at the option of the company , either ( i ) a london interbank offered rate ( “ libor ” ) , subject to a 0 % libor floor plus a margin of 1.75 % to 2.75 % , based on the utilization of the credit facility ( the “ eurodollar rate ” ) or ( ii ) a fluctuating interest rate per annum equal to the greatest of ( a ) the rate of interest publicly announced by jpmorgan chase bank , n.a . as its prime rate , ( b ) the rate of interest published by the federal reserve bank of new york as the federal funds effective rate , ( c ) the rate of interest published by the federal reserve bank of new york as the overnight bank funding rate , or ( d ) a libor offered rate for a one month interest period , subject to a 0 % libor floor plus a margin of 0.75 % to 1.75 % , based on the utilization of the credit facility ( the “ reference rate ” ) . interest on borrowings that bear interest at the eurodollar rate shall be payable on the last day of the applicable interest period selected by the company , which shall be one , two , three , or six months , and interest on borrowings that bear interest at the reference rate shall be payable quarterly in arrears . the credit facility contains customary representations and affirmative covenants . the credit facility also contains customary negative covenants , which , among other things , and subject to certain exceptions , include restrictions on ( i ) liens , ( ii ) indebtedness , guarantees and other obligations , ( iii ) restrictions in agreements on liens and distributions , ( iv ) mergers or consolidations , ( v ) asset sales , ( vi ) restricted payments , ( vii ) investments , ( viii ) affiliate transactions , ( ix ) change of business , ( x ) foreign operations or subsidiaries , ( xi ) name changes , ( xii ) use of proceeds , letters of credit , ( xiii ) gas imbalances , ( xiv ) hedging transactions , ( xv ) additional subsidiaries , ( xvi ) changes in fiscal year or fiscal quarter , ( xvii ) operating leases , ( xviii ) prepayments of certain debt and other obligations , ( xix ) sales or discounts of receivables , and ( xx ) dividend payments . the credit parties are subject to certain financial covenants under the credit facility , as tested on the last day of each fiscal quarter , including , without limitation , ( i ) a maximum ratio of the company 's consolidated indebtedness ( subject to certain exclusions ) to earnings before interest , income taxes , depreciation , depletion , and amortization , exploration expense , and other non-cash charges ( “ ebitdax ” ) and ( ii ) a current ratio , as defined in the agreement , inclusive of the unused commitments then available to be borrowed , to not be less than 1.00 to 1.00 . 68 table of contents on june 18 , 2020 , in conjunction with the borrowing base redetermination , the company , together with certain of its subsidiaries , entered into the first amendment ( the “ first amendment ” ) to the credit facility ( as amended , restated , supplemented or otherwise modified ) to , among other things : ( i ) implement certain anti-cash hoarding provisions , including a weekly mandatory prepayment requirement with respect to the excess of the company 's consolidated cash balance over $ 35.0 million ; ( ii ) require that , in order to borrow or issue a letter of credit under the credit agreement , the consolidated cash balance not exceed the greater of $ 35.0 million ( both before and after giving effect to such borrowing or letter of credit issuance ) , or expenditures in respect of oil and gas properties in the ordinary course of business ( as agreed to by the administrative agent ) ; ( iii ) decrease the maximum permitted net leverage ratio from 4.00 to 3.50 and the maximum permitted leverage ratio for purposes of making a restricted payment , restricted investment or optional or voluntary redemption from 3.25 to 2.75 ; ( iv ) increase the eurodollar rate margin to 2.00 % to 3.00 % ; ( v ) increase the reference rate margin to 1.00 % to 2.00 % ; and ( vi ) amend certain other covenants and provisions . the company was in compliance with all covenants as of december 31 , 2020 and through the filing date of this report . our weighted-average interest rates on borrowings from the credit facility were 3.1 % and 4.4 % for the years ended december 31 , 2020 and 2019 , respectively . as of december 31 , 2020 and as of the date of filing , we had a zero balance on our credit facility . non-gaap financial measures adjusted ebitdax represents earnings before interest , income taxes , depreciation , depletion , and amortization , exploration expense , and other non-cash and non-recurring charges . adjusted ebitdax excludes certain items that we believe affect the comparability of operating results and can exclude items that are generally non-recurring in nature or whose timing and or amount can not be reasonably estimated . adjusted ebitdax is a non-gaap measure that we present because we believe it provides useful additional information to investors and analysts , as a performance measure , for analysis of our ability to internally generate funds for exploration , development , acquisitions , and to service debt . story_separator_special_tag for sales of entire working interests in unproved properties , gain or loss is recognized to the extent of the difference between the proceeds received and the net carrying value of the property . proceeds from sales of partial interests in unproved properties are accounted for as a recovery of costs unless the proceeds exceed the entire cost of the property . oil and natural gas reserve quantities and standardized measure our third-party petroleum consultant prepared our estimates of oil and natural gas reserves and associated future net revenues . while the sec has adopted rules which allow us to disclose proved , probable , and possible reserves , we have elected to disclose only proved reserves in this annual report on form 10-k. the sec 's revised rules define proved reserves as the quantities of oil and gas , which , by analysis of geoscience and engineering data , can be estimated with reasonable certainty to be economically producible - from a given date forward , from known reservoirs , and under existing economic conditions , operating methods , and government regulations - prior to the time at which contracts providing the right to operate expire , unless evidence indicates that renewal is reasonably certain , regardless of whether deterministic or probabilistic methods are used for the estimation . the project to extract the hydrocarbons must have commenced or the operator must be reasonably certain that it will commence the project within a reasonable time . our third party petroleum engineering consultant must make a number of subjective assumptions based on their professional judgment in developing reserve estimates . reserve estimates are updated annually and consider recent production levels and other technical information about each field . oil and natural gas reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that can not be precisely measured . the accuracy of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment . periodic revisions to the estimated reserves and future cash flows may be necessary as a result of a number of factors , including reservoir performance , oil and natural gas prices , cost changes , technological advances , new geological or geophysical data , or other economic factors . accordingly , reserve estimates are generally different from the quantities of oil and natural gas that are ultimately recovered . we can not predict the amounts or timing of future reserve revisions . if such revisions are significant , they could significantly affect future amortization of capitalized costs and result in impairment of assets that may be material . revenue recognition sales of oil , natural gas , and ngls are recognized when performance obligations are satisfied at the point control of the product is transferred to the customer . the company 's contracts ' pricing provisions are tied to a market index , with certain adjustments based on , among other factors , whether a well delivers to a gathering or transmission line , quality of the oil or natural gas , and prevailing supply and demand conditions . as a result , the price of the oil , natural gas , and ngls fluctuates to remain competitive with other available oil , natural gas , and ngls supplies . please refer to part ii , item 8 , note 1 - summary of significant accounting policies for more information . we record revenue in the month production is delivered to the purchaser . payment is generally received within 30 to 60 days after the date of production . however , settlement statements for certain natural gas and ngls sales may not be received for 30 to 60 days after the date production is delivered , and as a result , we are required to estimate the amount of production delivered to the purchaser and the price that will be received for the sale of the product . we record the differences between our estimates and the actual amounts received for product sales in the month in which payment is received from the purchaser . for the period from january 1 , 2020 through december 31 , 2020 , revenue recognized in the reporting period related to performance obligations satisfied in prior reporting periods was not material . the company has interests with other producers in certain properties , in which case the company uses the entitlement method to account for gas imbalances . the company had no material gas imbalances as of december 31 , 2020 and 2019 . 71 table of contents impairment of proved properties we review our proved oil and natural gas properties for impairment whenever events and circumstances indicate that a decline in the recoverability of their carrying value may have occurred and at least annually . we estimate the expected undiscounted future cash flows of our oil and natural gas properties and compare such undiscounted future cash flows to the carrying amount of the oil and natural gas properties to determine if the carrying amount is recoverable . if the carrying amount exceeds the estimated undiscounted future cash flows , we will adjust the carrying amount of the oil and natural gas properties to fair value . the factors used to determine fair value are subject to our judgment and expertise and include , but are not limited to , recent sales prices of comparable properties , the present value of future cash flows , net of estimated operating and development costs , using estimates of proved reserves , future commodity pricing , future production estimates , anticipated capital expenditures , and various discount rates commensurate with the risk and current market conditions associated with realizing the expected cash flows projected . because of the uncertainty inherent in these factors , we can not predict when or if future impairment charges for proved properties will be recorded . impairment of unproved properties the unproved property balance

liquidity and capital resources below for additional discussion ; cash flows provided by operating activities for the year ended december 31 , 2020 was $ 158.8 million , as compared to cash flows provided by operating activities of $ 224.6 million during the year ended december 31 , 2019. please refer to liquidity and capital resources below for additional discussion ; proved reserves of 118.2 mmboe as of december 31 , 2020 decreased by 3 % when compared to proved reserves as of december 31 , 2019 ; and capital expenditures , inclusive of accruals , were $ 67.7 million during the year ended december 31 , 2020 , which was within guidance . 62 table of contents rocky mountain infrastructure the company 's gathering , treating , and production facilities , maintained under its rocky mountain infrastructure , llc ( “ rmi ” ) subsidiary , provide many operational benefits to the company and provide cost economies of a centralized system . the rmi facilities reduce gathering system pressures at the wellhead , thereby improving hydrocarbon recovery . additionally , with eleven interconnects to four different natural gas processors , rmi helps ensure that the company 's production is not constrained by any single midstream service provider . furthermore , in 2019 , the company installed a new oil gathering line to riverside terminal ( on the grand mesa pipeline ) , which resulted in a corresponding $ 1.25 to $ 1.50 per barrel reduction to our oil differentials for barrels transported on such gathering line . the total value of reduced oil differentials during the year ended december 31 , 2020 was approximately $ 6.2 million .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources below for additional discussion ; cash flows provided by operating activities for the year ended december 31 , 2020 was $ 158.8 million , as compared to cash flows provided by operating activities of $ 224.6 million during the year ended december 31 , 2019. please refer to liquidity and capital resources below for additional discussion ; proved reserves of 118.2 mmboe as of december 31 , 2020 decreased by 3 % when compared to proved reserves as of december 31 , 2019 ; and capital expenditures , inclusive of accruals , were $ 67.7 million during the year ended december 31 , 2020 , which was within guidance . 62 table of contents rocky mountain infrastructure the company 's gathering , treating , and production facilities , maintained under its rocky mountain infrastructure , llc ( “ rmi ” ) subsidiary , provide many operational benefits to the company and provide cost economies of a centralized system . the rmi facilities reduce gathering system pressures at the wellhead , thereby improving hydrocarbon recovery . additionally , with eleven interconnects to four different natural gas processors , rmi helps ensure that the company 's production is not constrained by any single midstream service provider . furthermore , in 2019 , the company installed a new oil gathering line to riverside terminal ( on the grand mesa pipeline ) , which resulted in a corresponding $ 1.25 to $ 1.50 per barrel reduction to our oil differentials for barrels transported on such gathering line . the total value of reduced oil differentials during the year ended december 31 , 2020 was approximately $ 6.2 million .
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 Suspicious Activity Report : under the original terms of the credit facility , borrowings bore interest at a per annum rate equal to , at the option of the company , either ( i ) a london interbank offered rate ( “ libor ” ) , subject to a 0 % libor floor plus a margin of 1.75 % to 2.75 % , based on the utilization of the credit facility ( the “ eurodollar rate ” ) or ( ii ) a fluctuating interest rate per annum equal to the greatest of ( a ) the rate of interest publicly announced by jpmorgan chase bank , n.a . as its prime rate , ( b ) the rate of interest published by the federal reserve bank of new york as the federal funds effective rate , ( c ) the rate of interest published by the federal reserve bank of new york as the overnight bank funding rate , or ( d ) a libor offered rate for a one month interest period , subject to a 0 % libor floor plus a margin of 0.75 % to 1.75 % , based on the utilization of the credit facility ( the “ reference rate ” ) . interest on borrowings that bear interest at the eurodollar rate shall be payable on the last day of the applicable interest period selected by the company , which shall be one , two , three , or six months , and interest on borrowings that bear interest at the reference rate shall be payable quarterly in arrears . the credit facility contains customary representations and affirmative covenants . the credit facility also contains customary negative covenants , which , among other things , and subject to certain exceptions , include restrictions on ( i ) liens , ( ii ) indebtedness , guarantees and other obligations , ( iii ) restrictions in agreements on liens and distributions , ( iv ) mergers or consolidations , ( v ) asset sales , ( vi ) restricted payments , ( vii ) investments , ( viii ) affiliate transactions , ( ix ) change of business , ( x ) foreign operations or subsidiaries , ( xi ) name changes , ( xii ) use of proceeds , letters of credit , ( xiii ) gas imbalances , ( xiv ) hedging transactions , ( xv ) additional subsidiaries , ( xvi ) changes in fiscal year or fiscal quarter , ( xvii ) operating leases , ( xviii ) prepayments of certain debt and other obligations , ( xix ) sales or discounts of receivables , and ( xx ) dividend payments . the credit parties are subject to certain financial covenants under the credit facility , as tested on the last day of each fiscal quarter , including , without limitation , ( i ) a maximum ratio of the company 's consolidated indebtedness ( subject to certain exclusions ) to earnings before interest , income taxes , depreciation , depletion , and amortization , exploration expense , and other non-cash charges ( “ ebitdax ” ) and ( ii ) a current ratio , as defined in the agreement , inclusive of the unused commitments then available to be borrowed , to not be less than 1.00 to 1.00 . 68 table of contents on june 18 , 2020 , in conjunction with the borrowing base redetermination , the company , together with certain of its subsidiaries , entered into the first amendment ( the “ first amendment ” ) to the credit facility ( as amended , restated , supplemented or otherwise modified ) to , among other things : ( i ) implement certain anti-cash hoarding provisions , including a weekly mandatory prepayment requirement with respect to the excess of the company 's consolidated cash balance over $ 35.0 million ; ( ii ) require that , in order to borrow or issue a letter of credit under the credit agreement , the consolidated cash balance not exceed the greater of $ 35.0 million ( both before and after giving effect to such borrowing or letter of credit issuance ) , or expenditures in respect of oil and gas properties in the ordinary course of business ( as agreed to by the administrative agent ) ; ( iii ) decrease the maximum permitted net leverage ratio from 4.00 to 3.50 and the maximum permitted leverage ratio for purposes of making a restricted payment , restricted investment or optional or voluntary redemption from 3.25 to 2.75 ; ( iv ) increase the eurodollar rate margin to 2.00 % to 3.00 % ; ( v ) increase the reference rate margin to 1.00 % to 2.00 % ; and ( vi ) amend certain other covenants and provisions . the company was in compliance with all covenants as of december 31 , 2020 and through the filing date of this report . our weighted-average interest rates on borrowings from the credit facility were 3.1 % and 4.4 % for the years ended december 31 , 2020 and 2019 , respectively . as of december 31 , 2020 and as of the date of filing , we had a zero balance on our credit facility . non-gaap financial measures adjusted ebitdax represents earnings before interest , income taxes , depreciation , depletion , and amortization , exploration expense , and other non-cash and non-recurring charges . adjusted ebitdax excludes certain items that we believe affect the comparability of operating results and can exclude items that are generally non-recurring in nature or whose timing and or amount can not be reasonably estimated . adjusted ebitdax is a non-gaap measure that we present because we believe it provides useful additional information to investors and analysts , as a performance measure , for analysis of our ability to internally generate funds for exploration , development , acquisitions , and to service debt . story_separator_special_tag for sales of entire working interests in unproved properties , gain or loss is recognized to the extent of the difference between the proceeds received and the net carrying value of the property . proceeds from sales of partial interests in unproved properties are accounted for as a recovery of costs unless the proceeds exceed the entire cost of the property . oil and natural gas reserve quantities and standardized measure our third-party petroleum consultant prepared our estimates of oil and natural gas reserves and associated future net revenues . while the sec has adopted rules which allow us to disclose proved , probable , and possible reserves , we have elected to disclose only proved reserves in this annual report on form 10-k. the sec 's revised rules define proved reserves as the quantities of oil and gas , which , by analysis of geoscience and engineering data , can be estimated with reasonable certainty to be economically producible - from a given date forward , from known reservoirs , and under existing economic conditions , operating methods , and government regulations - prior to the time at which contracts providing the right to operate expire , unless evidence indicates that renewal is reasonably certain , regardless of whether deterministic or probabilistic methods are used for the estimation . the project to extract the hydrocarbons must have commenced or the operator must be reasonably certain that it will commence the project within a reasonable time . our third party petroleum engineering consultant must make a number of subjective assumptions based on their professional judgment in developing reserve estimates . reserve estimates are updated annually and consider recent production levels and other technical information about each field . oil and natural gas reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that can not be precisely measured . the accuracy of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment . periodic revisions to the estimated reserves and future cash flows may be necessary as a result of a number of factors , including reservoir performance , oil and natural gas prices , cost changes , technological advances , new geological or geophysical data , or other economic factors . accordingly , reserve estimates are generally different from the quantities of oil and natural gas that are ultimately recovered . we can not predict the amounts or timing of future reserve revisions . if such revisions are significant , they could significantly affect future amortization of capitalized costs and result in impairment of assets that may be material . revenue recognition sales of oil , natural gas , and ngls are recognized when performance obligations are satisfied at the point control of the product is transferred to the customer . the company 's contracts ' pricing provisions are tied to a market index , with certain adjustments based on , among other factors , whether a well delivers to a gathering or transmission line , quality of the oil or natural gas , and prevailing supply and demand conditions . as a result , the price of the oil , natural gas , and ngls fluctuates to remain competitive with other available oil , natural gas , and ngls supplies . please refer to part ii , item 8 , note 1 - summary of significant accounting policies for more information . we record revenue in the month production is delivered to the purchaser . payment is generally received within 30 to 60 days after the date of production . however , settlement statements for certain natural gas and ngls sales may not be received for 30 to 60 days after the date production is delivered , and as a result , we are required to estimate the amount of production delivered to the purchaser and the price that will be received for the sale of the product . we record the differences between our estimates and the actual amounts received for product sales in the month in which payment is received from the purchaser . for the period from january 1 , 2020 through december 31 , 2020 , revenue recognized in the reporting period related to performance obligations satisfied in prior reporting periods was not material . the company has interests with other producers in certain properties , in which case the company uses the entitlement method to account for gas imbalances . the company had no material gas imbalances as of december 31 , 2020 and 2019 . 71 table of contents impairment of proved properties we review our proved oil and natural gas properties for impairment whenever events and circumstances indicate that a decline in the recoverability of their carrying value may have occurred and at least annually . we estimate the expected undiscounted future cash flows of our oil and natural gas properties and compare such undiscounted future cash flows to the carrying amount of the oil and natural gas properties to determine if the carrying amount is recoverable . if the carrying amount exceeds the estimated undiscounted future cash flows , we will adjust the carrying amount of the oil and natural gas properties to fair value . the factors used to determine fair value are subject to our judgment and expertise and include , but are not limited to , recent sales prices of comparable properties , the present value of future cash flows , net of estimated operating and development costs , using estimates of proved reserves , future commodity pricing , future production estimates , anticipated capital expenditures , and various discount rates commensurate with the risk and current market conditions associated with realizing the expected cash flows projected . because of the uncertainty inherent in these factors , we can not predict when or if future impairment charges for proved properties will be recorded . impairment of unproved properties the unproved property balance

