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Segment Information
6 Months Ended
Jun. 30, 2014
Segment Information [Abstract]  
Segment Information
10)       Segment Information

As of June 30, 2014, 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, 2014 and 2013, and total assets as of June 30, 2014 and December 31, 2013 by segment, are as follows:


              
   
(In thousands)
  
(In thousands)
 
   
For the three months ended June 30,
  
For the six months ended June 30,
 
   
2014
  
2013
  
2014
  
2013
 
Revenues:
            
Oil and gas
 $9,128  $7,915  $17,384  $15,794 
Total revenues
  9,128   7,915   17,384   15,794 
                  
Operating expenses:
                
Oil and gas
  6,169   5,778   11,435   17,866 
Mineral properties
  657   700   1,414   1,344 
Total operating expenses
  6,826   6,478   12,849   19,210 
                  
Interest expense:
                
Oil and gas
  130   72   214   148 
Mineral properties
  --   --   --   24 
Total interest expense
  130   72   214   172 
                  
Operating income (loss)
                
Oil and gas
 $2,829  $2,065  $5,735  $(2,220)
Mineral properties
  (657)  (700)  (1,414)  (1,368)
Operating income (loss)
                
from identified segments
  2,172   1,365   4,321   (3,588)
                  
General and administrative expenses
  (1,533)  (1,286)  (3,139)  (2,558)
Add back interest expense
  130   72   214   172 
Other revenues and expenses
  (713)  216   (1,090)  211 
                  
Income (loss) before income taxes
                
and discontinued operations
 $56  $367  $306  $(5,763)
                  
Depreciation depletion and amortization expense:
     
Oil and gas
 $3,583  $3,213  $6,877  $6,674 
Mineral properties
  30   32   61   64 
Corporate
  38   37   75   76 
Total depreciation expense
 $3,651  $3,282  $7,013  $6,814 

 
        
   
(In thousands)
 
   
June 30,
  
December 31,
 
   
2014
  
2013
 
Assets by segment
      
Oil and gas
 $95,393  $97,418 
Mineral
  21,942   20,739 
Corporate
  7,299   8,644 
Total assets
 $124,634  $126,801