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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating revenues:        
Oil, gas, and NGL production revenues: $ 8,582 $ 7,639 $ 24,376 $ 24,496
Operating expenses:        
Oil and gas 2,877 2,514 8,241 7,965
Oil and gas depreciation, depletion and amortization 3,205 3,410 9,879 11,081
Impairment of oil and gas properties 0 0 5,828 523
Water treatment plant 394 609 1,214 1,554
Mineral holding costs 410 400 934 716
General and administrative 1,337 1,659 3,963 5,313
Impairment of corporate aircraft 0 1,756 0 1,756
Total operating expenses 8,223 10,348 30,059 28,908
Income (loss) from operations 359 (2,709) (5,683) (4,412)
Other income and expenses:        
Realized (loss) gain on risk management activities (307) 12 (274) (137)
Unrealized (loss) gain on risk management activities (768) (478) (1,056) 1,233
Gain (loss) on the sale of assets 19 (21) 729 (11)
Equity gain (loss) in unconsolidated investment 11 (17) (40) (168)
Gain on sale of marketable securities 0 28 0 82
Miscellaneous income 50 81 80 169
Interest income 1 2 4 8
Interest expense (71) (53) (229) (128)
Total other income and (expenses) (1,065) (446) (786) 1,048
Loss before income taxes and discontinued operations (706) (3,155) (6,469) (3,364)
Income taxes:        
Current (provision for) 0 0 0 (104)
Deferred benefit from 0 1,285 0 1,398
Total income taxes 0 1,285 0 1,294
Loss from continuing operations (706) (1,870) (6,469) (2,070)
Discontinued operations:        
Discontinued operations, net of taxes (8) (75) 430 15
Loss on sale of discontinued operations, net of taxes (120) 0 (120) 0
Impairment on discontinued operations, net of taxes 0 0 0 (1,261)
Total discontinued operations (128) (75) 310 (1,246)
Net loss $ (834) $ (1,945) $ (6,159) $ (3,316)
Net income (loss) per share basic and diluted        
Loss from continuing operations (in dollars per share) $ (0.03) $ (0.07) $ (0.23) $ (0.08)
Income (loss) from discontinued operations (in dollars per share) $ 0 $ 0 $ 0.01 $ (0.04)
Net (loss) per share (in dollars per share) $ (0.03) $ (0.07) $ (0.22) $ (0.12)
Weighted average shares outstanding        
Basic and Diluted (in shares) 27,682,602 27,468,355 27,677,382 27,458,249