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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
Oil and gas $ 4,501 $ 2,410 $ 8,020 $ 5,217
Commodity derivative gain 453 30 75 141
Other income 91 55 234 108
Total revenue 5,045 2,495 8,329 5,466
Expenses:        
Lease operating expenses 653 493 1,252 1,094
Transportation costs 392 478 761 945
Production and property taxes 329 129 596 349
General and administrative 1,260 1,006 2,494 2,278
Depreciation, depletion and amortization 672 850 1,302 1,861
Accretion of asset retirement obligations 36 26 68 52
Impairment of oil and gas properties    9,909    15,407
Total expenses 3,342 12,891 6,473 21,986
Operating income (loss) 1,703 (10,396) 1,856 (16,520)
Other income and (expense):        
Interest expense (158) (175) (313) (323)
Equity investment (loss) income (74) 26 (79) 27
Total other income and (expense) (232) (149) (392) (296)
Income (loss) before income taxes 1,471 (10,545) 1,464 (16,816)
Provision for income taxes            
Net income (loss) before non-controlling interests 1,471 (10,545) 1,464 (16,816)
Net (income) loss attributable to non-controlling interests (41) 1,250 12 1,685
Net income (loss) attributable to controlling interest $ 1,430 $ (9,295) $ 1,476 $ (15,131)
Net income (loss) per common share:        
Basic $ 0.01 $ (0.08) $ 0.01 $ (0.13)
Diluted $ 0.01 $ (0.08) $ 0.01 $ (0.13)
Weighted average common shares outstanding:        
Basic 112,658 112,228 112,445 112,228
Diluted 120,500 112,228 120,275 112,228