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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 91,877 $ 80,184
Accounts receivable, net of allowance for doubtful accounts of $206 and $179, respectively 71,813 144,434
Inventories 7,671 13,481
Fair value contracts 0 936
Income tax receivable 2,587 970
Prepayments 2,589 10,940
Total current assets 176,537 250,945
PROPERTY AND EQUIPMENT:    
Marketing 65,200 65,865
Transportation 70,732 63,239
Oil and gas (successful efforts method) 77,117 88,661
Other 187 186
Property and equipment 213,236 217,951
Less - Accumulated depreciation, depletion and amortization (153,521) (133,080)
Net property and equipment 59,715 84,871
OTHER ASSETS:    
Cash deposits and other 6,963 4,998
Total Assets 243,215 340,814
CURRENT LIABILITIES:    
Accounts payable 74,117 160,743
Accounts payable - related party 40 51
Fair value contracts 195 943
Accrued and other liabilities 5,845 6,208
Current deferred income taxes 0 658
Total current liabilities 80,197 168,603
LONG-TERM DEBT 0 0
OTHER LIABILITIES:    
Asset retirement obligations 2,469 2,464
Deferred taxes and other liabilities 8,039 12,250
Total liabilities $ 90,705 $ 183,317
COMMITMENTS AND CONTINGENCIES (NOTE 6)
SHAREHOLDERS' EQUITY:    
Preferred stock, $1.00 par value, 960,000 shares authorized, none outstanding $ 0 $ 0
Common stock, $.10 par value, 7,500,000 shares authorized, 4,217,596 issued and outstanding for all periods presented 422 422
Contributed capital 11,693 11,693
Retained earnings 140,395 145,382
Total shareholders' equity 152,510 157,497
Liabilities and shareholders' equity $ 243,215 $ 340,814