XML 19 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities:    
Net income (loss) $ 5,010 $ (7,872)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, amortization and impairment 5,067 32,068
Bad debt expense 258 199
Accretion expense 668 637
Gain on divestiture (600) (8,378)
Changes in deferred taxes (1,753) (8,755)
Net unrealized loss on derivative contracts 1,224 2,374
Loss on sale of equipment and other 55 80
Amortization of debt cost 707 228
Changes in components of working capital and other assets and liabilities    
Accounts receivable 2,824 5,142
Prepaid expenses, other receivables and other current assets 474 1,472
Due to related party 21 (4,790)
Inventories 153 (216)
Accounts payable and accrued expenses (1,816) (3,114)
Net cash provided by operating activities 12,292 9,075
Cash flows from investing activities:    
Addition to property and equipment, net (547) (4,691)
Proceeds from sale of oil and gas properties and equipment 600 7,506
Restricted cash and deposit, net (670) (6,625)
Proceeds from sale of equipment 77 0
Investment in Apache Flats (120) 0
Net cash used in investing activities (660) (3,810)
Cash flows from financing activities:    
Repayments on loans – related parties, net 0 (94,250)
Borrowings of long term debt 0 115,030
Repayments of long term debt (6,600) (1,200)
Borrowings (repayments) of bank overdraft, net (349) 328
Payments of deferred financing costs 0 (478)
Repayments of short - term debt, net (935) (1,279)
Net cash provided by (used in) financing activities (7,884) 18,151
Net increase in cash and cash equivalents 3,748 23,416
Cash and cash equivalents at beginning of period 22,078 2,027
Cash and cash equivalents at end of period $ 25,826 $ 25,443