SEGMENTS AND MAJOR CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2014

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,
	2014			2013			2012
Revenues:
Oil and gas	$	32,379		$	33,647		$	32,534
Total revenues		32,379			33,647			32,534
Operating expenses:
Oil and gas		25,323			29,920			30,870
Mineral properties		2,985			3,045			2,899
Total operating expenses		28,308			32,965			33,769
Interest expense:
Oil and gas		368			264			169
Mineral properties		--			12			24
Total interest expense		368			276			193
Operating income (loss)
Oil and gas	$	6,688		$	3,463		$	1,495
Mineral properties		(2,985	)		(3,057	)		(2,923	)
Operating income (loss)
from identified segments		3,703			406			(1,428	)
General and administrative expenses		(6,559	)		(5,673	)		(9,109	)
Add back interest expense		368			276			193
Other revenues and expenses		397			(2,695	)		849
(Loss) before income taxes
and discontinued operations	$	(2,091	)	$	(7,686	)	$	(9,495	)
Depreciation depletion and amortization expense:
Oil and gas	$	14,685		$	13,623		$	14,893
Mineral properties		123			126			127
Corporate		148			149			437
Total depreciation expense	$	14,956		$	13,898		$	15,457

	(In thousands)
	December 31,
	2014		2013		2012
Assets by segment
Oil and gas	$	92,020	$	97,418	$	93,839
Mineral		21,942		20,739		20,747
Corporate		9,561		8,644		26,241
Total assets	$	123,523	$	126,801	$	140,827