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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH PROVIDED BY OPERATIONS:      
Net earnings (loss) $ (1,275) $ 6,523 $ 21,610
Adjustments to reconcile net earnings to net cash from operating activities -      
Depreciation, depletion and amortization 23,717 24,615 22,275
Property sales (gains) oil and gas 0 (2,528) 0
Property sale (gains) other (535) (1,028) (683)
Dry hole costs incurred 817 1,034 233
Impairment of oil and natural gas properties 12,082 8,009 2,630
Provision for doubtful accounts 27 (73) 46
Deferred income taxes (4,843) (6,151) 3,161
Net change in fair value contracts 188 402 (389)
Decrease (increase) in accounts receivable 72,594 99,749 (4,770)
Decrease (increase) in inventories 5,810 14,135 606
Decrease (increase) in income tax receivable (1,617) 1,127 (898)
Decrease (increase) in prepayments 8,351 5,839 (8,687)
Increase (decrease) in accounts payable (87,404) (104,887) 7,809
Increase (decrease) in accrued and other liabilities (166) 448 (516)
Other changes, net (2,269) (81) 1,549
Net cash provided by operating activities 25,477 47,133 43,976
INVESTING ACTIVITIES:      
Property and equipment additions (11,074) (30,523) (27,602)
Insurance and state collateral (deposits) refunds 283 (493) (1,179)
Proceeds from property sales 719 7,045 1,082
Net cash (used in) investing activities (10,072) (23,971) (27,699)
FINANCING ACTIVITIES:      
Dividend payments (3,712) (3,711) (2,783)
Net cash (used in) financing activities (3,712) (3,711) (2,783)
Increase (decrease) in cash and cash equivalents 11,693 19,451 13,494
Cash and cash equivalents at beginning of year 80,184 60,733 47,239
Cash and cash equivalents at end of year $ 91,877 $ 80,184 $ 60,733