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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH PROVIDED BY OPERATIONS:    
Net earnings $ 1,430 $ 3,097
Adjustments to reconcile net earnings to net cash from operating activities -    
Depreciation, depletion and amortization 5,115 6,088
Property sales (gains) (120) (512)
Dry hole costs incurred 0 34
Impairment of oil and natural gas properties 29 208
Deferred income taxes (1,352) (949)
Net change in fair value contracts 158 39
Equity investment (earnings) losses 191 0
Decrease (increase) in accounts receivable (1,224) 25,501
Decrease (increase) in inventories (5,707) (803)
Decrease (increase) in income tax receivable 1,958 970
Decrease (increase) in prepayments 338 342
Increase (decrease) in accounts payable (3,614) (25,385)
Increase (decrease) in accrued liabilities 393 3,509
Other changes, net 47 (8)
Net cash provided by (used in) operating activities (2,358) 12,131
INVESTING ACTIVITIES:    
Property and equipment additions (4,210) (3,665)
Proceeds from property sales 920 512
Investments (2,200) 0
Insurance and state collateral (deposits) refunds (2) (103)
Net cash (used in) investing activities (5,492) (3,256)
FINANCING ACTIVITIES    
Dividend payments (928) (927)
Net cash (used in) financing activities (928) (927)
Increase (decrease) in cash and cash equivalents (8,778) 7,948
Cash and cash equivalents at beginning of period 91,877 80,184
Cash and cash equivalents at end of period $ 83,099 $ 88,132