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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH PROVIDED BY OPERATIONS:    
Net (loss) earnings $ (860) $ 1,430
Adjustments to reconcile net earnings to net cash from operating activities -    
Depreciation, depletion and amortization 3,969 5,115
Property sales loss (gains) 7 (120)
Impairment of oil and natural gas properties 3 29
Deferred income taxes 60 (1,352)
Net change in fair value contracts (420) 158
Equity investment losses 0 191
(Increase) in accounts receivable (1,968) (1,224)
(Increase) in inventories (7,557) (5,707)
Decrease (increase) in income tax receivable (736) 1,958
Decrease in prepayments 744 338
Increase (decrease) in accounts payable 17,746 (3,614)
Increase in accrued liabilities 1,084 393
Other changes, net 78 47
Net cash provided by (used in) operating activities 12,150 (2,358)
INVESTING ACTIVITIES:    
Property and equipment additions (1,006) (4,210)
Proceeds from property sales 39 920
Investments 0 (2,200)
Insurance and state collateral (deposits) refunds 476 (2)
Net cash used in investing activities (491) (5,492)
FINANCING ACTIVITIES    
Dividend payments (928) (928)
Net cash used in financing activities (928) (928)
Increase (decrease) in cash and cash equivalents 10,731 (8,778)
Cash and cash equivalents at beginning of period 87,342 91,877
Cash and cash equivalents at end of period $ 98,073 $ 83,099