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Segment Information
3 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Segment Information
11)      Segment Information

As of March 31, 2012, we had two reportable segments: Oil and Gas and Maintenance of Mineral Properties.  A summary of results of operations for the three months ended March 31, 2012, and 2011, and total assets as of March 31, 2012 and December 31, 2011 by segment are as follows:
 
   
(In thousands)
 
   
For the three months ended
 
   
March 31,
 
   
2012
  
2011
 
Revenues:
      
Oil and gas
 $8,335  $6,679 
Total revenues:
  8,335   6,679 
          
Operating expenses:
        
Oil and gas
  6,534   6,864 
Mineral properties
  619   472 
Total operating expenses:
  7,153   7,336 
          
Interest expense
        
Oil and gas
  30   9 
Mineral properties
  6   9 
Total interest expense:
  36   18 
          
Operating (loss) income
        
Oil and gas
 $1,771  $(194)
Mineral properties
  (625)  (481)
Operating income (loss)
        
from identified segments
  1,146   (675)
          
General and administrative expenses
  (1,894)  (2,411)
Add back interest expense
  36   18 
Other revenues and expenses:
  (121)  (1,864)
Loss before income taxes
        
and discontinued operations
 $(833) $(4,932)
          
Depreciation depletion and amortization expense:
     
Oil and gas
 $3,641  $2,785 
Mineral properties
  32   26 
Corporate
  125   126 
Total depreciation expense
 $3,798  $2,937 
          
 
   
(In thousands)
 
   
March 31,
  
December 31,
 
   
2012
  
2011
 
Assets by segment
      
Oil and Gas
 $94,507  $109,141 
Mineral
  20,755   20,755 
Corporate
  32,959   32,543 
Total assets
 $148,221  $162,439