Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

Summary of result of operations and total assets by segment

As of March 31, 2014, 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, 2014 and 2013, and total assets as of March 31, 2014 and December 31, 2013 by segment, are as follows:


	(In thousands)
	For the three months ended March 31,
	2014			2013
Revenues:
Oil and gas	$	8,256		$	7,879
Total revenues		8,256			7,879

Operating expenses:
Oil and gas		5,266			12,088
Mineral properties		757			644
Total operating expenses		6,023			12,732

Interest expense:
Oil and gas		84			111
Mineral properties		--			3
Total interest expense		84			114

Operating income (loss)
Oil and gas	$	2,906		$	(4,320	)
Mineral properties		(757	)		(647	)
Operating income (loss)
from identified segments		2,149			(4,967	)

General and administrative expenses		(1,606	)		(1,272	)
Add back interest expense		84			114
Other revenues and expenses		(377	)		(5	)

Income (loss) before income taxes
and discontinued operations	$	250		$	(6,130	)

Depreciation depletion and amortization expense:
Oil and gas	$	3,294		$	3,641
Mineral properties		31			32
Corporate		37			125
Total depreciation expense	$	3,362		$	3,798

	(In thousands)
	March 31		December 31,
	2014		2013
Assets by segment
Oil and gas	$	99,614	$	97,418
Mineral		21,942		20,739
Corporate		7,221		8,644
Total assets	$	128,777	$	126,801

- 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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