SEGMENTS AND MAJOR CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2013

SEGMENTS AND MAJOR CUSTOMERS [Abstract]

Summary of Result of Operations and Total Assets by Segment

Our operating segments are reflected in the tables below:

	(In thousands)
	For the years ended December 31,
	2013			2012			2011
Revenues:
Oil and gas	$	33,647		$	32,534		$	30,958
Total revenues		33,647			32,534			30,958
Operating expenses:
Oil and gas		29,920			30,870			25,549
Mineral properties		3,045			2,899			2,364
Total operating expenses		32,965			33,769			27,913
Interest expense:
Oil and gas		264			169			268
Mineral properties		12			24			36
Total interest expense		276			193			304
Operating income (loss)
Oil and gas	$	3,463		$	1,495		$	5,141
Mineral properties		(3,057	)		(2,923	)		(2,400	)
Operating income (loss)
from identified segments		406			(1,428	)		2,741
General and administrative expenses		(5,673	)		(9,109	)		(8,261	)
Add back interest expense		276			193			304
Other revenues and expenses		(2,695	)		849			(717	)
Income (loss) before income taxes
and discontinued operations	$	(7,686	)	$	(9,495	)	$	(5,933	)
Depreciation, depletion and amortization expense:
Oil and gas	$	13,623		$	14,893		$	13,997
Mineral properties		126			127			102
Corporate		149			437			494
Total Depreciation, depletion
and amortization expense	$	13,898		$	15,457		$	14,593

	(In thousands)
	December 31,		December 31,		December 31,
	2013		2012		2011
Assets by segment
Oil and gas	$	97,418	$	93,839	$	109,141
Mineral		20,739		20,747		20,755
Corporate		8,644		26,241		32,543
Total assets	$	126,801	$	140,827	$	162,439