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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH PROVIDED BY OPERATIONS:    
Net earnings $ 5,363 $ 8,015
Adjustments to reconcile net earnings to net cash from operating activities -    
Depreciation, depletion and amortization 6,106 5,529
Property sale (gains) (55) (35)
Dry hole costs incurred 655 0
Impairment of oil and gas properties 93 52
Deferred income taxes (551) 864
Net change in fair value contracts 316 (254)
Decrease (increase) in accounts receivable 16,533 (15,041)
Decrease (increase) in inventories (11,921) (2,310)
Decrease (increase) in income tax receivable (1,739) 1,199
Decrease (increase) in prepayments 7,295 1,050
Increase (decrease) in accounts payable 11,720 (13,991)
Increase (decrease) in accrued liabilities 1,758 4,026
Other changes, net (162) 28
Net cash provided by (used in) operating activities 35,411 (10,868)
INVESTING ACTIVITIES:    
Property and equipment additions (7,770) (3,903)
Insurance and state collateral (deposits) refunds (122) 0
Proceeds from property sales 55 35
Net cash (used in) investing activities (7,837) (3,868)
FINANCING ACTIVITIES:    
Dividend payments (928) 0
Net cash (used in) financing activities (928) 0
Increase (decrease) in cash and cash equivalents 26,646 (14,736)
Cash and cash equivalents at beginning of period 60,733 47,239
Cash and cash equivalents at end of period $ 87,379 $ 32,503