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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH PROVIDED BY OPERATIONS:    
Net earnings $ 2,681 $ 7,129
Adjustments to reconcile net earnings to net cash from operating activities -    
Depreciation, depletion and amortization 14,385 18,086
Property sales gains (1,948) (522)
Dry hole costs incurred 0 803
Impairment of oil and natural gas properties 87 1,191
Provision for doubtful accounts 19 (25)
Deferred income taxes (1,170) (1,151)
Net change in fair value contracts (305) 158
Equity investment (earnings) losses 2,200 0
Decrease (increase) in accounts receivable (1,767) 48,822
Decrease (increase) in inventories (8,395) (1,334)
Decrease (increase) in income tax receivable 113 970
Decrease (increase) in prepayments (1,570) 3,790
Increase (decrease) in accounts payable (8,795) (58,594)
Increase (decrease) in accrued liabilities 1,378 5,122
Other changes, net (252) (884)
Net cash provided by (used in) operating activities (3,339) 23,561
INVESTING ACTIVITIES:    
Property and equipment additions (7,186) (6,347)
Proceeds from property sales 3,536 660
Investments (4,700) 0
Insurance and state collateral (deposits) refunds 1,081 (39)
Net cash (used in) investing activities (7,269) (5,726)
FINANCING ACTIVITIES    
Dividend payments (2,784) (2,784)
Net cash (used in) financing activities (2,784) (2,784)
Increase (decrease) in cash and cash equivalents (13,392) 15,051
Cash and cash equivalents at beginning of period 91,877 80,184
Cash and cash equivalents at end of period $ 78,485 $ 95,235