Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Tax Reconciliation

	Years Ended December 31,
	2014			2013
	(in thousands)
Statutory tax benefit	$	(7,019	)	$	(340	)
Increase (decrease) in valuation allowance
Change in valuation allowance		5,940			337
Effect of permanent differences		1,076			—
Other		3			3
Total tax benefit	$	—		$	—

Components of Federal Deferred Income Taxes

	2014			2013
	(in thousands)
Deferred tax assets:
Net operating losses (NOL) carryover	$	34,657		$	33,973
Depletion carryover		3,020			3,020
Share based compensation		120			48
Deferred book liabilities		1			1
Debt and lease obligations		205			—
Loan origination fees		—			60
Book vs. tax basis in investments		24,000			20,683
Capital loss carryover		763			2,688
Property and equipment		5,024			—
Total gross deferred tax assets		67,790			60,473
Deferred tax liabilities:
Property and equipment		—			(824	)
Net deferred tax assets		67,790			59,649
Less valuation allowances		(67,790	)		(59,649	)
Deferred tax liabilities, net of valuation allowance	$	—		$	—