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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating revenues:      
Oil, gas, and NGL production revenue $ 30,958 $ 26,548 $ 7,581
Realized (loss) on risk management activities (1,974) (156) 0
Unrealized gain/(loss)on risk management activities 1,126 (1,725) 0
Total Revenue 30,110 24,667 7,581
Operating expenses:      
Oil and gas 11,552 6,073 3,611
Oil and gas depreciation, depletion and amortization 13,997 10,610 1,045
Impairment of oil and gas properties 0 0 1,468
Water treatment plant 1,878 1,793 1,636
Mineral holding costs 486 85 323
General and administrative 8,261 8,973 9,433
Total Operating expenses 36,174 27,534 17,516
Loss from operations (6,064) (2,867) (9,935)
Other income and expenses:      
Gain/(loss) on the sale of assets 137 115 (43)
Equity (loss)/gain in unconsolidated investment (211) 1,014 (1,374)
Gain on sale of marketable securities 529 438 0
Miscellaneous income and (expenses) (38) (60) (130)
Interest income 40 112 314
Interest expense (326) (70) (98)
Total other income and (expenses) 131 1,549 (1,331)
Loss before income taxes and discontinued operations (5,933) (1,318) (11,266)
Income taxes:      
Current benefit from (provision for) 0 104 210
Deferred benefit from (provision for) 3,755 1,756 2,352
Total income taxes 3,755 1,860 2,562
(Loss) income from continuing operations (2,178) 542 (8,704)
Discontinued operations:      
Discontinued operations, net of taxes 434 226 526
Impairment on discontinued operations (3,063) (1,540) 0
Total Discontinued operations (2,629) (1,314) 526
Net loss $ (4,807) $ (772) $ (8,178)
Net loss per share      
(Loss) income from continuing operations, basic (in dollars per share) $ (0.08) $ 0.02 $ (0.40)
(Loss) income from discontinued operations, basic (in dollars per share) $ (0.10) $ (0.05) $ 0.02
Net (loss) income, basic (in dollars per share) $ (0.18) $ (0.03) $ (0.38)
(Loss) income from continuing operations, diluted (in dollars per share) $ (0.08) $ 0.02 $ (0.40)
(Loss) income from discontinued operations, diluted (in dollars per share) $ (0.10) $ (0.05) $ 0.02
Net loss, basic and diluted (in dollars per share) $ (0.18) $ (0.03) $ (0.38)
Weighted average shares outstanding      
Basic (in shares) 27,238,869 26,763,995 21,604,959
Diluted (in shares) 27,238,869 26,763,995 21,604,959