Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenues
Oil and gas sales	$ 11,393	$ 7,608	$ 22,303	$ 18,657
Transportation revenue	1,221	1,401	2,453	2,889
Price risk management activities, net	2,068	103	929	7,925
Other income, net	210	280	305	357
Total revenues	14,892	9,392	25,990	29,828
Costs and expenses
Production costs	2,769	2,397	5,343	4,339
Production taxes	1,090	1,010	2,146	2,309
Exploration expenses including dry hole costs	120	28	172	66
Pipeline operating costs	1,020	971	2,001	2,119
General and administrative	1,362	1,392	2,920	2,925
Impairment and abandonment of equipment and properties		80	73	80
Depreciation, depletion and amortization	4,718	4,530	9,391	9,070
Total costs and expenses	11,079	10,408	22,046	20,908
Income (loss) from operations	3,813	(1,016)	3,944	8,920
Interest expense, net	(257)	(385)	(644)	(750)
Income (loss) before income taxes	3,556	(1,401)	3,300	8,170
(Provision) benefit for deferred income taxes	(1,342)	512	(1,238)	(2,945)
NET INCOME (LOSS)	2,214	(889)	2,062	5,225
Preferred stock dividends	931	931	1,862	1,862
Net income (loss) attributable to common stock	$ 1,283	$ (1,820)	$ 200	$ 3,363
Net income (loss) per common share:
Basic	$ 0.11	$ (0.16)	$ 0.02	$ 0.30
Diluted	$ 0.11	$ (0.16)	$ 0.02	$ 0.30
Weighted average shares outstanding:
Basic	11,189,472	11,116,476	11,182,021	11,111,092
Diluted	11,211,031	11,116,476	11,199,569	11,111,092