Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues
Oil and gas sales	$ 31,784	$ 26,574	$ 44,160
Transportation and gathering revenue	3,745	4,999	4,894
Price risk management activities	(730)	4,939	14,740
Other income	520	1,653	909
Total revenues	35,319	38,165	64,703
Costs and expenses
Production costs	13,135	12,299	11,047
Production taxes	3,906	3,000	4,365
Exploration expenses including dry hole costs	181	696	273
Pipeline operating costs	5,194	4,892	4,114
Impairment and abandonment of equipment and properties	4,992	4,988	187
General and administrative	5,395	6,209	6,107
Depreciation, depletion and amortization	20,942	20,216	18,844
Total costs and expenses	53,745	52,300	44,937
Income (loss) from operations	(18,426)	(14,135)	19,766
Interest expense, net	(1,307)	(1,610)	(1,317)
Income (loss) before income taxes	(19,733)	(15,745)	18,449
Benefit (provision) for deferred income taxes	6,660	5,418	(6,762)
NET INCOME (LOSS)	(13,073)	(10,327)	11,687
Preferred stock dividends	(3,723)	(3,723)	(3,723)
Net income (loss) attributable to common stock	$ (16,796)	$ (14,050)	$ 7,964
Net income (loss) per common share:
Basic	$ (1.48)	$ (1.25)	$ 0.71
Diluted	$ (1.48)	$ (1.25)	$ 0.71
Weighted average shares outstanding:
Basic	11,332,129	11,250,513	11,191,496
Diluted	11,332,129	11,250,513	11,210,604