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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH PROVIDED BY OPERATIONS:    
Net earnings $ 7,437 $ 9,338
Adjustments to reconcile net earnings to net cash from operating activities -    
Depreciation, depletion and amortization 12,118 12,215
Property sale (gains) (514) (55)
Dry hole costs incurred 33 957
Impairment of oil and gas properties 623 405
Deferred income taxes 581 (2,196)
Net change in fair value contracts (50) 331
Decrease (increase) in accounts receivable (1,265) (35,343)
Decrease (increase) in inventories (3,596) (8,596)
Decrease (increase) in income tax receivable 970 (837)
Decrease (increase) in prepayments (215) (4,535)
Increase (decrease) in accounts payable (11,008) 28,180
Increase (decrease) in accrued liabilities 5,259 2,037
Other changes, net (347) (301)
Net cash provided by operating activities 10,026 1,600
INVESTING ACTIVITIES:    
Property and equipment additions (4,833) (12,089)
Insurance and state collateral (deposits) refunds (60) (445)
Proceeds from property sales 519 55
Net cash (used in) investing activities (4,374) (12,479)
FINANCING ACTIVITIES:    
Dividend payments (1,856) (1,856)
Net cash (used in) financing activities (1,856) (1,856)
Increase (decrease) in cash and cash equivalents 3,796 (12,735)
Cash and cash equivalents at beginning of period 80,184 60,733
Cash and cash equivalents at end of period $ 83,980 $ 47,998