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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 87,342 $ 91,877
Accounts receivable, net of allowance for doubtful accounts of $225 and $206, respectively 87,162 71,813
Inventories 13,070 7,671
Fair value contracts 112 0
Income tax receivable 2,735 2,587
Prepayments 2,097 2,589
Total current assets 192,518 176,537
PROPERTY AND EQUIPMENT:    
Marketing 56,907 65,200
Transportation 70,849 70,732
Oil and gas (successful efforts method) 62,784 77,117
Other 108 187
Property and equipment 190,648 213,236
Less - Accumulated depreciation, depletion and amortization (144,323) (153,521)
Net property and equipment 46,325 59,715
OTHER ASSETS:    
Investments 2,500 0
Cash deposits and other 5,529 6,963
Total assets 246,872 243,215
CURRENT LIABILITIES:    
Accounts payable 79,897 74,117
Accounts payable - related party 53 40
Fair value contracts 64 195
Accrued and other liabilities 6,060 5,845
Total current liabilities 86,074 80,197
LONG-TERM DEBT 0 0
OTHER LIABILITIES:    
Asset retirement obligations 2,329 2,469
Deferred taxes and other liabilities 7,157 8,039
Total liabilities 95,560 90,705
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 shares outstanding 422 422
Contributed capital 11,693 11,693
Retained earnings 139,197 140,395
Total shareholders' equity 151,312 152,510
Liabilities and shareholders' equity $ 246,872 $ 243,215