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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 98,073 $ 87,342
Accounts receivable, net of allowance for doubtful accounts of $233 and $225, respectively 89,122 87,162
Inventory 20,627 13,070
Fair value contracts 468 112
Income tax receivable 3,471 2,735
Prepayments 1,353 2,097
Total current assets 213,114 192,518
Property and Equipment    
Marketing 56,511 56,907
Transportation 70,767 70,849
Oil and gas (successful efforts method) 64,063 62,784
Other 107 108
Property and equipment 191,448 190,648
Less - Accumulated depreciation, depletion and amortization (147,639) (144,323)
Net property and equipment 43,809 46,325
Other Assets:    
Investments 2,500 2,500
Cash deposits and other 4,740 5,529
Total assets 264,163 246,872
Current Liabilities:    
Accounts payable 97,978 79,897
Accounts payable - related party 56 53
Fair value contracts 0 64
Accrued and other liabilities 7,303 6,060
Total current liabilities 105,337 86,074
Other Liabilities:    
Asset retirement obligations 2,090 2,329
Deferred taxes and other liabilities 7,212 7,157
Total liabilities 114,639 95,560
Commitments and Contingencies (Note 5)
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 137,409 139,197
Total shareholders' equity 149,524 151,312
Liabilities and shareholders' equity $ 264,163 $ 246,872