XML 25 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net income $ 3,179 $ 2,517
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 2,643 1,932
Amortization of loan fees-interest expense 42 58
Accretion on asset retirement obligation 99 74
Gain on sale of assets (77) (30)
Compensation and services paid in stock options and stock 42 107
Deferred tax expense 1,657 1,564
Loss (gain) on derivatives 140 (114)
Allowance for doubtful accounts 238  
Changes in assets and liabilities:    
Accounts receivable (339) (368)
Accounts receivable - related party 27 533
Inventory (482) (56)
Other assets (37) (72)
Accounts payable-trade 281 322
Accounts payable-other (27) (533)
Accrued liabilities 73 53
Settlement on asset retirement obligation (52) (142)
Net cash provided by operating activities 7,407 5,845
Investing activities    
Net additions to oil and gas properties (7,700) (5,357)
Net additions to methane project (459) (539)
Section 1603 payment- methane facilities 1,000  
Net additions to other property and equipment (15) (28)
Proceeds from sale of other property and equipment 16  
Derivative costs and settlements   (1,236)
Net cash used in investing activities (7,158) (7,160)
Financing activities    
Repayments of borrowings (15,129) (12,357)
Proceeds from borrowings 14,874 13,634
Loan fees (30) (60)
Proceeds from exercise of options 28 28
Net cash provided by (used in) financing activities (257) 1,245
Net change in cash and cash equivalents (8) (70)
Cash and cash equivalents, beginning of period 68 141
Cash and cash equivalents, end of period 60 71
Supplemental cash flow information:    
Cash interest payments 543 413
Cash paid for taxes 67 8
Supplemental non-cash investing and financing activities:    
Financed company vehicles 175 154
Asset retirement obligations capitalized 92 47
Accrued capital expenditures included in accounts payable $ 206 $ 613