(8) Long-Term Debt

Long-term debt to unrelated entities consisted of the following (in thousands):

		September 30, 2013			December 31, 2012
Note payable to a financial institution, with interest only
payment until maturity.	$	3,032		$	10,138
Installment notes bearing interest at the rate of 5.5% to 8.25%
per annum collateralized by vehicles with monthly payments
including interest, insurance and maintenance of approximately
$ 20,000		157			208
Total long-term debt		3,189			10,346
Less current maturities		(77	)		(100	)
Long-term debt, less current maturities	$	3,112		$	10,246

At September 30, 2013, the Company had a revolving credit facility with F&M Bank & Trust Company ("F&M Bank"). Under the credit facility, loans and letters of credit are available to the Company on a revolving basis in an amount outstanding not to exceed the lesser of $40 million or the Company's borrowing base in effect from time to time. As of September 30, 2013, the Company's borrowing base was $20.5 million and the interest rate is the greater of prime plus 0.25% or 5.25% per annum. The Company's interest rate at September 30, 2013 was 5.25%. The credit facility is secured by substantially all of the Company's producing and non-producing oil and gas properties and the Company's Methane Project assets. The credit facility includes certain covenants with which the Company is required to comply. These covenants include leverage, interest coverage, minimum liquidity, and general and administrative coverage ratios. The Company is in compliance with all of the credit facility covenants.

On October 24, 2013, the Company's senior credit facility with F&M Bank after F&M Bank's semiannual review of the Company's currently owned producing properties was amended to decrease the Company's borrowing base from $20.5 million to $17.5 million. The borrowing base remains subject to the existing periodic redetermination provision in the credit facility. The interest rate was modified from the greater of prime plus 0.25% or 5.25% per annum, to prime plus 0.50%. The maximum line of credit of the Company under the F&M Bank credit facility remained $40 million.

The total borrowing by the Company under the credit facility at September 30, 2013 and December 31, 2012 was $3.0 million and $10.1 million, respectively. The next borrowing base review will take place in March 2014.