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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating revenues:        
Oil, gas, and NGL production revenues: $ 7,915 $ 8,522 $ 15,794 $ 16,857
Operating expenses:        
Oil and gas 2,565 2,558 5,364 5,451
Oil and gas depreciation, depletion and amortization 3,213 4,030 6,674 7,671
Impairment of oil and gas properties 0 523 5,828 523
Water treatment plant 403 436 820 945
Mineral holding costs 297 206 524 316
General and administrative 1,319 1,760 2,626 3,654
Total operating expenses 7,797 9,513 21,836 18,560
Income (loss) from operations 118 (991) (6,042) (1,703)
Other income and expenses:        
Realized gain (loss) on risk management activities 19 (6) 33 (149)
Unrealized gain (loss) on risk management activities 328 1,770 (288) 1,711
Gain on the sale of assets 14 0 710 10
Equity (loss) in unconsolidated investment (26) (91) (51) (151)
Gain on sale of marketable securities 0 7 0 54
Miscellaneous income (9) (30) 30 88
Interest income 1 1 3 6
Interest expense (78) (36) (158) (75)
Total other income and (expenses) 249 1,615 279 1,494
Income (loss) before income taxes and discontinued operations 367 624 (5,763) (209)
Income taxes:        
Current (provision for) 0 0 0 (104)
Deferred (provision for) benefit from 0 (379) 0 113
Total income taxes 0 (379) 0 9
(Loss) from continuing operations 367 245 (5,763) (200)
Discontinued operations:        
Discontinued operations, net of taxes 206 26 438 90
Impairment on discontinued operations, net of taxes 0 (1,261) 0 (1,261)
Total discontinued operations 206 (1,235) 438 (1,171)
Net income (loss) $ 573 $ (990) $ (5,325) $ (1,371)
Net income (loss) per share basic and diluted        
Income (loss) from continuing operations (in dollars per share) $ 0.01 $ 0.01 $ (0.21) $ (0.01)
Income (loss) from discontinued operations (in dollars per share) $ 0.01 $ (0.05) $ 0.02 $ (0.04)
Net income (loss) per share (in dollars per share) $ 0.02 $ (0.04) $ (0.19) $ (0.05)
Weighted average shares outstanding        
Basic and Diluted (in shares) 27,682,272 27,460,483 27,674,729 27,449,534