Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenues
Oil and gas sales	$ 11,540	$ 7,601	$ 33,843	$ 26,258
Transportation revenue	1,221	1,349	3,674	4,238
Price risk management activities, net	4,803	3,263	5,732	11,188
Proceeds from Madden Deep settlement		3,841		3,841
Other income, net	469	108	774	465
Total revenues	18,033	16,162	44,023	45,990
Costs and expenses
Production costs	3,018	2,828	8,361	7,167
Production taxes	1,084	1,180	3,230	3,489
Exploration expenses including dry hole costs	67	56	239	122
Pipeline operating costs	1,016	987	3,017	3,106
General and administrative	1,513	1,540	4,433	4,465
Impairment and abandonment of equipment and properties			73	80
Depreciation, depletion and amortization	4,926	4,701	14,317	13,771
Total costs and expenses	11,624	11,292	33,670	32,200
Income from operations	6,409	4,870	10,353	13,790
Interest expense, net	(352)	(422)	(997)	(1,172)
Income before income taxes	6,057	4,448	9,356	12,618
Provision for deferred income taxes	(2,221)	(1,586)	(3,459)	(4,531)
NET INCOME	3,836	2,862	5,897	8,087
Preferred stock dividends	930	930	2,792	2,792
Net income attributable to common stock	$ 2,906	$ 1,932	$ 3,105	$ 5,295
Net income per common share:
Basic	$ 0.26	$ 0.17	$ 0.28	$ 0.48
Diluted	$ 0.26	$ 0.17	$ 0.28	$ 0.48
Weighted average common shares outstanding:
Basic	11,197,681	11,128,802	11,187,298	11,117,060
Diluted	11,226,724	11,128,802	11,207,517	11,117,060