Segment Information

9 Months Ended

Sep. 30, 2013

Segment Information [Abstract]

Segment Information

10)       Segment Information

As of September 30, 2013, we had two reportable segments: Oil and Gas and Maintenance of Mineral Properties.  A summary of results of operations for the three and nine months ended September 30, 2013, and 2012, and total assets as of September 30, 2013 and December 31, 2012 by segment are as follows:

	(In thousands)						(In thousands)
	For the three months ended September 30,						For the nine months ended September 30,
	2013			2012			2013			2012
Revenues:
Oil and gas	$	8,582		$	7,639		$	24,376		$	24,496
Total revenues		8,582			7,639			24,376			24,496
Operating expenses:
Oil and gas		6,082			5,924			23,948			19,569
Mineral properties		804			1,009			2,148			2,270
Total operating expenses		6,886			6,933			26,096			21,839
Interest expense:
Oil and gas		65			45			213			103
Mineral properties		3			6			9			18
Total interest expense		68			51			222			121
Operating income (loss)
Oil and gas	$	2,435		$	1,670		$	215		$	4,824
Mineral properties		(807	)		(1,015	)		(2,157	)		(2,288	)
Operating income (loss)
from identified segments		1,628			655			(1,942	)		2,536
General and administrative expenses		(1,337	)		(3,415	)		(3,963	)		(7,069	)
Add back interest expense		68			51			222			121
Other revenues and expenses		(1,065	)		(446	)		(786	)		1,048
Income (loss) before income taxes
and discontinued operations	$	(706	)	$	(3,155	)	$	(6,469	)	$	(3,364	)
Depreciation depletion and amortization expense:
Oil and gas	$	3,205		$	3,410		$	9,879		$	11,081
Mineral properties		31			31			95			95
Corporate		36			121			112			366
Total depreciation expense	$	3,272		$	3,562		$	10,086		$	11,542

	(In thousands)
	September 30		December 31,
	2013		2012
Assets by segment
Oil and gas	$	93,710	$	93,839
Mineral		20,746		20,747
Corporate		10,900		26,241
Total assets	$	125,356	$	140,827