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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2013
Segment Information [Abstract] |
Summary of result of operations and total assets by segment | As of September 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 nine months ended September 30, 2013, and 2012, and total assets as of September 30, 2013 and December 31, 2012 by segment are as follows:
|  | (In thousands) |  |  | (In thousands) |
|  | For the three months ended September 30, |  |  | For the nine months ended September 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  | $ | 8,582 |  |  | $ | 7,639 |  |  | $ | 24,376 |  |  | $ | 24,496 |
Total revenues |  |  | 8,582 |  |  |  | 7,639 |  |  |  | 24,376 |  |  |  | 24,496 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  |  | 6,082 |  |  |  | 5,924 |  |  |  | 23,948 |  |  |  | 19,569 |
Mineral properties |  |  | 804 |  |  |  | 1,009 |  |  |  | 2,148 |  |  |  | 2,270 |
Total operating expenses |  |  | 6,886 |  |  |  | 6,933 |  |  |  | 26,096 |  |  |  | 21,839 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  |  | 65 |  |  |  | 45 |  |  |  | 213 |  |  |  | 103 |
Mineral properties |  |  | 3 |  |  |  | 6 |  |  |  | 9 |  |  |  | 18 |
Total interest expense |  |  | 68 |  |  |  | 51 |  |  |  | 222 |  |  |  | 121 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  | $ | 2,435 |  |  | $ | 1,670 |  |  | $ | 215 |  |  | $ | 4,824 |
Mineral properties |  |  | (807 | ) |  |  | (1,015 | ) |  |  | (2,157 | ) |  |  | (2,288 | )
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
from identified segments |  |  | 1,628 |  |  |  | 655 |  |  |  | (1,942 | ) |  |  | 2,536 |
General and administrative expenses |  |  | (1,337 | ) |  |  | (3,415 | ) |  |  | (3,963 | ) |  |  | (7,069 | )
Add back interest expense |  |  | 68 |  |  |  | 51 |  |  |  | 222 |  |  |  | 121 |
Other revenues and expenses |  |  | (1,065 | ) |  |  | (446 | ) |  |  | (786 | ) |  |  | 1,048 |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and discontinued operations |  | $ | (706 | ) |  | $ | (3,155 | ) |  | $ | (6,469 | ) |  | $ | (3,364 | )
Depreciation depletion and amortization expense: |  |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  | $ | 3,205 |  |  | $ | 3,410 |  |  | $ | 9,879 |  |  | $ | 11,081 |
Mineral properties |  |  | 31 |  |  |  | 31 |  |  |  | 95 |  |  |  | 95 |
Corporate |  |  | 36 |  |  |  | 121 |  |  |  | 112 |  |  |  | 366 |
Total depreciation expense |  | $ | 3,272 |  |  | $ | 3,562 |  |  | $ | 10,086 |  |  | $ | 11,542 |
|  | (In thousands)
|  | September 30 |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Assets by segment |  |  |  |  |  |
Oil and gas |  | $ | 93,710 |  |  | $ | 93,839 |
Mineral |  |  | 20,746 |  |  |  | 20,747 |
Corporate |  |  | 10,900 |  |  |  | 26,241 |
Total assets |  | $ | 125,356 |  |  | $ | 140,827 |

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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