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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net (losses) earnings $ 2,945 $ (482) $ 2,513
Adjustments to reconcile net (losses) earnings to net cash provided by operating activities:      
Depreciation, depletion and amortization 10,654 13,599 18,792
Gains on sale of property (1,240) (594) (1,966)
Impairment of oil and natural gas properties 0 3 313
Provision for doubtful accounts (150) 78 19
Share-based compensation expense 255 0 0
Deferred income taxes 936 (3,840) (857)
Net change in fair value contracts (2) 27 (243)
Losses from equity investment 0 0 468
Impairment of investments in unconsolidated affiliates 0 2,500 1,732
Loss on deconsolidation of subsidiary (Note 4) 0 3,505 0
Changes in assets and liabilities:      
Accounts receivable 36,350 (34,935) (15,368)
Accounts receivable/payable, affiliates 24 271 0
Inventories (10,587) 878 (5,399)
Income tax receivable (1,087) 1,418 (148)
Prepayments and other current assets (293) 831 492
Accounts payable (10,252) 44,790 6,984
Accrued liabilities 1,744 (991) 52
Other 1,717 (962) (440)
Net cash provided by operating activities 31,014 26,096 6,944
Investing activities:      
Property and equipment additions (11,731) (2,644) (8,484)
Asset acquisition (10,272) 0 0
Proceeds from property sales 2,038 720 3,706
Proceeds from sales of AREC assets 0 2,775 0
Investments in unconsolidated affiliates 0 0 (4,700)
Insurance and state collateral (deposits) refunds 830 (1,067) 1,710
Net cash used in investing activities (19,135) (216) (7,768)
Financing activities:      
Principal repayments of capital lease obligations (495) (118) 0
Dividends paid on common stock (3,711) (3,711) (3,711)
Net cash used in financing activities (4,206) (3,829) (3,711)
Increase (decrease) in cash and cash equivalents 7,673 22,051 (4,535)
Cash and cash equivalents at beginning of period 109,393 87,342 91,877
Cash and cash equivalents at end of period $ 117,066 $ 109,393 $ 87,342