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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH PROVIDED BY OPERATIONS:      
Net earnings $ 27,791 $ 22,931 $ 8,631
Adjustments to reconcile net earnings to net cash from operating activities -      
Depreciation, depletion and amortization 20,714 16,260 11,817
Property sale (gains) losses (6,298) (4,394) 94
Dry hole costs incurred 43 1,212 1,894
Impairment of oil and natural gas properties 5,555 14,749 2,224
Provision for doubtful accounts (51) 1,141 29
Deferred income taxes 5,378 7,308 3,699
Net change in fair value contracts 1,377 (97) (1,036)
Decrease (increase) in accounts receivable (4,820) (45,487) (34,257)
Decrease (increase) in inventories (9,579) (5,598) 669
Decrease (increase) in income tax receivable (719) 1,836 (145)
Decrease (increase) in prepayments 2,559 (2,547) 2,700
Increase (decrease) in accounts payable 10,474 47,662 40,521
Increase (decrease) in accrued and other liabilities 1,227 1,378 (406)
Other changes, net 843 (539) 494
Net cash provided by operating activities 54,494 55,815 36,928
INVESTING ACTIVITIES:      
Property and equipment additions (51,012) (53,276) (22,421)
Insurance and state collateral (deposits) refunds (582) (495) (151)
Proceeds from property sales 6,342 8,394 147
Proceeds from the sale of discontinued operations 3,546 0 0
Redemption of short-term investments 0 11,098 0
Investment in short-term investments 0 (11,098) 0
Net cash (used in) investing activities (41,706) (45,377) (22,425)
FINANCING ACTIVITIES:      
Dividend payments (2,615) (2,404) (2,277)
Net cash (used in) financing activities (2,615) (2,404) (2,277)
Increase (decrease) in cash and cash equivalents 10,173 8,034 12,226
Cash and cash equivalents at beginning of year 37,066 29,032 16,806
Cash and cash equivalents at end of year $ 47,239 $ 37,066 $ 29,032