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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) [Abstract]        
Oil, gas, and NGL production revenues: $ 9,128 $ 7,915 $ 17,384 $ 15,794
Operating expenses:        
Oil and gas 2,586 2,565 4,558 5,364
Oil and gas depreciation, depletion and amortization 3,583 3,213 6,877 6,674
Impairment of oil and gas properties 0 0 0 5,828
Water treatment plant 452 403 909 820
Mineral holding costs 205 297 505 524
General and administrative 1,533 1,286 3,139 2,558
Total operating expenses 8,359 7,764 15,988 21,768
Income (loss) from operations 769 151 1,396 (5,974)
Other income and expenses:        
Realized (loss) gain on risk management activities (374) 19 (532) 33
Unrealized (loss) on risk management activities (238) 328 (411) (288)
Gain on the sale of assets 0 14 28 710
Equity loss in unconsolidated investment 0 (26) 0 (51)
Miscellaneous income 47 (9) 68 30
Interest income 1 1 2 3
Interest expense (149) (111) (245) (226)
Total other income and (expenses) (713) 216 (1,090) 211
Income (loss) before income taxes and discontinued operation 56 367 306 (5,763)
Income taxes:        
Current (provision for) 0 0 0 0
Deferred benefit from 0 0 0 0
Total income taxes 0 0 0 0
Income (loss) from continuing operations 56 367 306 (5,763)
Discontinued operations:        
Discontinued operations, net of taxes 0 206 0 438
Total discontinued operations 0 206 0 438
Net income (loss) $ 56 $ 573 $ 306 $ (5,325)
Net income (loss) per share basic        
Income (loss) from continuing operations (in dollars per share) $ 0 $ 0.01 $ 0.01 $ (0.21)
Income from discontinued operations (in dollars per share) $ 0 $ 0.01 $ 0 $ 0.02
Net income (loss) per share (in dollars per share) $ 0 $ 0.02 $ 0.01 $ (0.19)
Net income (loss) per share diluted        
Income (loss) from continuing operations (in dollars per share) $ 0 $ 0.01 $ 0.01 $ (0.21)
Income from discontinued operations (in dollars per share) $ 0 $ 0.01 $ 0 $ 0.02
Net income (loss) per share (in dollars per share) $ 0 $ 0.02 $ 0.01 $ (0.19)
Weighted average shares outstanding        
Basic (in shares) 27,785,280 27,682,272 27,761,837 27,674,729
Diluted (in shares) 28,237,883 27,682,272 28,195,116 27,674,729