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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES:    
Oil and gas$ 8,408$ 6,303$ 22,112$ 20,230
Realized (loss) on risk management activities(322)0(1,892)0
Unrealized gain (loss) on risk management activities1,886(586)2,783(586)
Total revenues9,9725,71723,00319,644
OPERATING EXPENSES:    
Oil and gas2,6431,4238,6774,051
Oil and gas depreciation, depletion and amortization3,8622,9769,7677,627
Water treatment plant4973471,4241,155
Mineral holding costs266934661
General and administrative1,8291,9206,3786,755
Total operating expenses9,0976,67526,59219,649
OPERATING (LOSS) INCOME875(958)(3,589)(5)
OTHER INCOME AND (EXPENSES):    
Gain on the sale of assets00137115
Equity gain/(loss) in unconsolidated investment(63)(52)(192)1,090
Gain on sale of marketable securities3772638634
Miscellaneous income and (expenses)(104)20(142)(60)
Interest income6303691
Interest expense(69)(16)(207)(51)
Total other income and (expenses)1478181,219
(LOSS) INCOME BEFORE INCOME TAXES AND DISCONTINUED OPERATIONS1,022(950)(3,571)1,214
Income taxes:    
Deferred benefit from (provision for)(892)6341,084(245)
Total income taxes(892)6341,084(245)
(LOSS) INCOME FROM CONTINUING OPERATIONS130(316)(2,487)969
DISCONTINUED OPERATIONS    
Discontinued operations, net of taxes13881471193
DISCONTINUED OPERATIONS13881471193
NET (LOSS) INCOME$ 268$ (235)$ (2,016)$ 1,162
(Loss) income from continuing operations, basic$ 0.00$ (0.01)$ (0.09)$ 0.03
Income from discontinued operations, basic$ 0.01$ 0.00$ 0.02$ 0.01
Net (loss) income, basic$ 0.01$ (0.01)$ (0.07)$ 0.04
(Loss) from continuing operations, diluted$ 0.00$ (0.01)$ (0.09)$ 0.03
Income from discontinued operations, diluted$ 0.01$ 0.00$ 0.02$ 0.01
Net (loss) income, diluted$ 0.01$ (0.01)$ (0.07)$ 0.04
Weighted average shares outstanding    
Basic27,259,17426,855,51327,222,15326,693,710
Diluted27,862,09826,855,51327,222,15327,743,396