Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Result of Operations and Total Assets by Segment

As of June 30, 2013, we had two reportable segments: Oil and Gas and Maintenance of Mineral Properties. A summary of results of operations for the three and six months ended June 30, 2013, and 2012, and total assets as of June 30, 2013 and December 31, 2012 by segment are as follows:

	(In thousands)						(In thousands)
	For the three months ended June 30,						For the six months ended June 30,
	2013			2012			2013			2012
Revenues:
Oil and gas	$	7,915		$	8,522		$	15,794		$	16,857
Total revenues		7,915			8,522			15,794			16,857

Operating expenses:
Oil and gas		5,778			7,111			17,866			13,645
Mineral properties		700			642			1,344			1,261
Total operating expenses		6,478			7,753			19,210			14,906

Interest expense:
Oil and gas		72			28			148			58
Mineral properties		--			6			24			12
Total interest expense		72			34			172			70

Operating income (loss)
Oil and gas	$	2,065		$	1,383		$	(2,220	)	$	3,154
Mineral properties		(700	)		(648	)		(1,368	)		(1,273	)
Operating income (loss)
from identified segments		1,365			735			(3,588	)		1,881

General and administrative expenses		(1,319	)		(1,760	)		(2,626	)		(3,654	)
Add back interest expense		72			34			172			70
Other revenues and expenses		249			1,615			279			1,494

Income (loss) before income taxes
and discontinued operations	$	367		$	624		$	(5,763	)	$	(209	)

Depreciation depletion and amortization expense:
Oil and gas	$	3,213		$	4,030		$	6,674		$	7,671
Mineral properties		32			32			64			64
Corporate		37			120			76			245
Total depreciation expense	$	3,282		$	4,182		$	6,814		$	7,980

	(In thousands)
	June 30,		December 31,
	2013		2012
Assets by segment
Oil and gas	$	90,400	$	93,839
Mineral		20,746		20,747
Corporate		24,470		26,241
Total assets	$	135,616	$	140,827

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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