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Segment Information
9 Months Ended
Sep. 30, 2011
Segment Reporting [Abstract] 
11) Segment Information
11)      Segment Information

As of September 30, 2011, we had two reportable segments: Oil and Gas and Maintenance of Mineral Properties.  A summary of results of operations for the nine months ended September 30, 2011, and 2010, and total assets as of September 30, 2011 and December 31, 2010 by segment are as follows:
 
 
   
(In thousands)
 
   
For the three months ended September 30,
  
For the nine months ended September 30,
 
   
2011
  
2010
  
2011
  
2010
 
Revenues:
            
Oil and gas
 $9,972  $5,717  $23,003  $19,644 
Total revenues:
  9,972   5,717   23,003   19,644 
                  
Operating expenses:
                
Oil and gas
 $6,505  $4,399   18,444   11,678 
Mineral properties
  763   356   1,770   1,216 
Total operating expenses:
  7,268   4,755   20,214   12,894 
                  
Interest expense
                
Oil and gas
 $52  $--   81   -- 
Mineral properties
  9   12   27   36 
Total interest expense:
  61   12   108   36 
                  
Operating (loss) income
                
Oil and gas
 $3,415  $1,318  $4,478  $7,966 
Mineral properties
  (772)  (368)  (1,797)  (1,252)
Operating (loss) income
                
from identified segments
  2,643   950   2,681   6,714 
                  
General and administrative expenses
  (1,829)  (1,920)  (6,378)  (6,755)
Add back interest expense
  61   12   108   36 
Other revenues and expenses:
  147   8   18   1,219 
(Loss) income before income taxes
                
and discontinued operations
 $1,022  $(950) $(3,571) $1,214 
                  
Depreciation depletion and amortization expense:
             
Oil and gas
 $3,862  $2,976  $9,767  $7,627 
Mineral properties
  26   18   77   54 
Corporate
  121   95   371   285 
Total depreciation expense
  4,009   3,089  $10,215  $7,966 
                  
 
 
   
(In thousands)
 
   
September 30,
  
December 31,
 
   
2011
  
2010
 
Assets by segment
      
Oil and Gas
 $104,811  $75,639 
Mineral
  20,822   20,800 
Corporate
  39,423   59,577 
Total assets
 $165,056  $156,016