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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net (losses) earnings $ (482) $ 2,513 $ (1,275)
Adjustments to reconcile net (losses) earnings to net cash provided by operating activities:      
Depreciation, depletion and amortization 13,599 18,792 23,717
Gains on sale of property (594) (1,966) (535)
Dry hole costs incurred 0 0 817
Impairment of oil and natural gas properties 3 313 12,082
Provision for doubtful accounts 78 19 27
Deferred income taxes (3,840) (857) (4,843)
Net change in fair value contracts 27 (243) 188
Losses from equity investment 0 468 0
Impairment of investments in unconsolidated affiliates 2,500 1,732 0
Loss on deconsolidation of subsidiary (Note 3) 3,505 0 0
Changes in assets and liabilities:      
Accounts receivable (34,935) (15,368) 72,594
Accounts receivable/payable, affiliates 271 0 0
Inventories 878 (5,399) 5,810
Income tax receivable 1,418 (148) (1,617)
Prepayments and other current assets 831 492 8,351
Accounts payable 44,790 6,984 (87,404)
Accrued liabilities (991) 52 (166)
Other (962) (440) (2,269)
Net cash provided by operating activities 26,096 6,944 25,477
Investing activities:      
Property and equipment additions (2,644) (8,484) (11,074)
Proceeds from property sales 720 3,706 719
Proceeds from sales of AREC assets 2,775 0 0
Investments in unconsolidated affiliates 0 (4,700) 0
Insurance and state collateral (deposits) refunds (1,067) 1,710 283
Net cash used in investing activities (216) (7,768) (10,072)
Financing activities:      
Principal repayments of capital lease obligations (118) 0 0
Dividends paid on common stock (3,711) (3,711) (3,712)
Net cash used in financing activities (3,829) (3,711) (3,712)
Increase (decrease) in cash and cash equivalents 22,051 (4,535) 11,693
Cash and cash equivalents at beginning of period 87,342 91,877 80,184
Cash and cash equivalents at end of period $ 109,393 $ 87,342 $ 91,877