Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90 Page 91 Page 92 Page 93 Page 94 Page 95 Page 96 Page 97 Page 98 Page 99 Page 100 Page 101 Page 102 Page 103 Page 104 Page 105 Page 106 Page 107 Page 108 Page 109 Page 110 Page 111 Page 112 Page 113 Page 114 Page 115 Page 116 Page 117 Page 118 Page 119 Page 120 Page 121 Page 122 Page 123 Page 124 Page 125 Page 126 Page 127 Page 128 Page 129 Page 130 Page 131 Page 132 Page 133 Page 134 Page 135 Page 136 Page 137 Page 138 Page 139 Page 140 Page 141 Page 142 Page 143 Page 144 Page 145 Page 146 Page 147 Page 148 Page 149 Page 150 Page 151 Page 152 Page 153 Page 154 Page 155 Page 156 Page 157 Page 158 Page 159 Page 160 Page 161 Page 162 Page 163 Page 164 Page 165 Page 166 Page 167 Page 168 Page 169 Page 170 Page 171 Page 172 Page 173 Page 174 Page 175 Page 176 Page 177 Page 178 Page 179 Page 180 Page 181 Page 182Sources and Uses of Cash The following table presents the sources and uses of our cash and cash equivalents for the years ended December 31, 2016, 2015 and 2014 Years Ended December 31, 2016 2015 2014 (In thousands) Sources of cash, cash equivalents and restricted cash: Net cash provided by operating activities . . . . . . . . . . . . . . . . . . $ 52,077 $ 440,779 $443,586 Net proceeds from issuance of senior secured notes . . . . . . . . . . — 206,774 294,000 Borrowings under long-term debt . . . . . . . . . . . . . . . . . . . . . . . . 450,000 100,000 — Proceeds on sale of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210 28,692 58,315 502,287 776,245 795,901 Uses of cash, cash equivalents and restricted cash: Oil and gas assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 535,975 823,642 424,535 Other property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,998 1,483 2,383 Payments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 200,000 400,000 Purchase of treasury stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,981 18,110 11,096 Deferred financing costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 9,030 22,088 539,954 1,052,265 860,102 Decrease in cash, cash equivalents and restricted cash . . . . . . . . . . . $(37,667) $ (276,020) $(64,201) Net cash provided by operating activities. Net cash provided by operating activities in 2016 was $52.1 million compared with net cash provided by operating activities of $440.8 million in 2015 and $443.6 million in 2014, respectively. The decrease in cash provided by operating activities in the year ended December 31, 2016 when compared to the same period in 2015 was primarily a result of a decrease in results from operations driven by lower barrels sold related to the turret bearing issue and lower realized revenue per barrel sold. The decrease in cash provided by operating activities in 2015 when compared to 2014 was primarily as a result of a decrease in results from operations driven by lower realized revenue per barrel sold mitigated by a positive change in working capital items. The following table presents our liquidity and financial position as of December 31, 2016: December 31, 2016 (In thousands) Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 194,057 Restricted cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79,138 Senior Notes at par . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 525,000 Drawings under the Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 850,000 Net debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,101,805 Availability under the Facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 616,900 Availability under the Corporate Revolver . . . . . . . . . . . . . . . . . . . $ 400,000 Available borrowings plus cash and cash equivalents . . . . . . . . . . . $1,210,957 Capital Expenditures and Investments We expect to incur capital costs as we: • fund asset integrity projects at Jubilee; 90