8. Long-Term Debt

Long-term debt consisted of the following: (in thousands)


December 31,	2013			2012
Note payable to revolving credit facility, with interest only payment until maturity.	$	3,257		$	10,138
Installment notes bearing interest at the rate of 5.5% to 8.25% per annum
collateralized by vehicles with monthly payments including interest, insurance and
maintenance of approximately $20		200			208
Total long-term debt		3,457			10,346
Less current maturities		(82	)		(100	)
Long-term debt, less current maturities	$	3,375		$	10,246

Future debt payments to unrelated entities as of December 31, 2013 consisted of the following: (in thousands)


	2014		2015		2016		Total
Bank Credit Facility	$	-	$	-	$	3,257	$	3,257
Company Vehicles	$	82	$	59	$	59	$	200
Total	$	82	$	59	$	3,316	$	3,457

At December 31, 2013, the Company had a revolving credit facility with F&M Bank & Trust Company ("F&M Bank"). Under the credit facility, loans and letters of credit are available to the Company on a revolving basis in an amount outstanding not to exceed the lesser of $40 million or the Company's borrowing base in effect from time to time. As of December 31, 2013, the Company's borrowing base was $17.5 million and the interest rate of prime plus 0.50% per annum. The Company's interest rate at December 31, 2013 was 3.75%, and matures on January 27, 2016. The borrowing base remains subject to the existing periodic redetermination provision in the credit facility. The credit facility is secured by substantially all of the Company's producing and non-producing oil and gas properties and the Company's Methane Project and electric generation assets. The credit facility includes certain covenants with which the Company is required to comply. These covenants include leverage, interest coverage, minimum liquidity, and general and administrative coverage ratios. The Company is in compliance with all of the credit facility covenants.

On March 27, 2014, the Company's senior credit facility with F&M Bank was amended to decrease the Company's borrowing base from $17.5 million to $14.3 million and extend the term of the facility to January 27, 2016. The borrowing base remains subject to the existing periodic redetermination provisions in the credit facility. The interest rate remained prime plus 0.50% per annum. The maximum line of credit of the Company under the F&M Bank credit facility remained $40 million.

The total borrowing by the Company under the F&M Bank facility at December 31, 2013 and December 31, 2012 was $3.3 million and $10.1 million, respectively. The next borrowing base review will take place in July 2014.