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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH PROVIDED BY OPERATIONS:      
Net earnings (loss) $ 2,513 $ (1,275) $ 6,523
Adjustments to reconcile net earnings to net cash from operating activities -      
Depreciation, depletion and amortization 18,792 23,717 24,615
Property sales (gains) oil and natural gas 0 0 (2,528)
Property sales (gains) other (1,966) (535) (1,028)
Dry hole costs incurred 0 817 1,034
Impairment of oil and natural gas properties 313 12,082 8,009
Provision for doubtful accounts 19 27 (73)
Deferred income taxes (includes equity investments) (857) (4,843) (6,151)
Net change in fair value contracts (243) 188 402
Equity investment (earnings) losses 468 0 0
Impairment of equity investment 1,732 0 0
Decrease (increase) in accounts receivable (15,368) 72,594 99,749
Decrease (increase) in inventories (5,399) 5,810 14,135
Decrease (increase) in income tax receivable (148) (1,617) 1,127
Decrease (increase) in prepayments 492 8,351 5,839
Increase (decrease) in accounts payable 6,984 (87,404) (104,887)
Increase (decrease) in accrued and other liabilities 52 (166) 448
Other changes, net (440) (2,269) (81)
Net cash provided by operating activities 6,944 25,477 47,133
INVESTING ACTIVITIES:      
Property and equipment additions (8,484) (11,074) (30,523)
Insurance and state collateral (deposits) refunds 1,710 283 (493)
Investments (4,700) 0 0
Proceeds from property sales 3,706 719 7,045
Net cash (used in) investing activities (7,768) (10,072) (23,971)
FINANCING ACTIVITIES:      
Dividend payments (3,711) (3,712) (3,711)
Net cash (used in) financing activities (3,711) (3,712) (3,711)
Increase (decrease) in cash and cash equivalents (4,535) 11,693 19,451
Cash and cash equivalents at beginning of year 91,877 80,184 60,733
Cash and cash equivalents at end of year $ 87,342 $ 91,877 $ 80,184