Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net (loss) income $ (800) $ 488
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 11,393 12,486
Accretion expense 565 574
Amortization of non-cash debt related items 111 122
Amortization of deferred credit (799) (811)
Equity in earnings of Medusa Spar LLC (21) (118)
Deferred income tax (benefit) expense (169) 144
Unrealized loss (gain) on derivative contracts 1,039 (299)
Non-cash charge related to compensation plans 580 442
Change in the fair value of liability share-based awards (195) 907
Payments to settle asset retirement obligations (396) (630)
Changes in current assets and liabilities    
Accounts receivable 1,333 (3,177)
Other current assets 857 1,075
Current liabilities 158 (730)
Change in natural gas balancing receivable (63) 1
Change in natural gas balancing payable 10 50
Change in other long-term liabilities (206) 0
Change in other assets, net (522) (174)
Cash provided by operating activities 12,875 10,350
Cash flows from investing activities:    
Capital expenditures (30,089) (45,481)
Proceeds from sale of mineral interest and equipment 114 506
Distribution from Medusa Spar LLC 340 758
Cash used in investing activities (29,635) (44,217)
Cash flows from financing activities:    
Draw on senior secured credit facility 17,000 0
Equity issued related to employee stock plans 0 (2)
Cash provided by financing activities 17,000 (2)
Net change in cash and cash equivalents 240 (33,869)
Beginning of period cash and cash equivalents 1,139 43,795
End of period cash and cash equivalents $ 1,379 $ 9,926