XML 47 R16.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2014
Segment Information [Abstract] |
Segment Information | 10) Segment Information As of September 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 nine months ended September 30, 2014 and 2013, and total assets as of September 30, 2014 and December 31, 2013 by segment, are as follows:
|  | (In thousands) |  |  | (In thousands) |
|  | For the three months ended September 30, |  |  | For the nine months ended September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  | $ | 9,928 |  |  | $ | 8,582 |  |  | $ | 27,312 |  |  | $ | 24,376 |
Total revenues |  |  | 9,928 |  |  |  | 8,582 |  |  |  | 27,312 |  |  |  | 24,376 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  |  | 7,649 |  |  |  | 6,082 |  |  |  | 19,084 |  |  |  | 23,948 |
Mineral properties |  |  | 930 |  |  |  | 804 |  |  |  | 2,344 |  |  |  | 2,148 |
Total operating expenses |  |  | 8,579 |  |  |  | 6,886 |  |  |  | 21,428 |  |  |  | 26,096 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  |  | 93 |  |  |  | 65 |  |  |  | 307 |  |  |  | 213 |
Mineral properties |  |  | -- |  |  |  | 3 |  |  |  | -- |  |  |  | 9 |
Total interest expense |  |  | 93 |  |  |  | 68 |  |  |  | 307 |  |  |  | 222 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  | $ | 2,186 |  |  | $ | 2,435 |  |  | $ | 7,921 |  |  | $ | 215 |
Mineral properties |  |  | (930 | ) |  |  | (807 | ) |  |  | (2,344 | ) |  |  | (2,157 | )
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
from identified segments |  |  | 1,256 |  |  |  | 1,628 |  |  |  | 5,577 |  |  |  | (1,942 | )
General and administrative expenses |  |  | (2,030 | ) |  |  | (1,337 | ) |  |  | (5,169 | ) |  |  | (3,963 | )
Add back interest expense |  |  | 93 |  |  |  | 68 |  |  |  | 307 |  |  |  | 222 |
Other revenues and expenses |  |  | 618 |  |  |  | (1,065 | ) |  |  | (472 | ) |  |  | (786 | )
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and discontinued operations |  | $ | (63 | ) |  | $ | (706 | ) |  | $ | 243 |  |  | $ | (6,469 | )
Depreciation depletion and amortization expense: |
Oil and gas |  | $ | 4,621 |  |  | $ | 3,205 |  |  | $ | 11,498 |  |  | $ | 9,879 |
Mineral properties |  |  | 31 |  |  |  | 31 |  |  |  | 92 |  |  |  | 95 |
Corporate |  |  | 37 |  |  |  | 36 |  |  |  | 112 |  |  |  | 112 |
Total depreciation expense |  | $ | 4,689 |  |  | $ | 3,272 |  |  | $ | 11,702 |  |  | $ | 10,086 |
|  | (In thousands) |
|  | June 30, |  |  | December 31, |
|  | 2014 |  |  | 2013 |
Assets by segment |  |  |  |  |  |
Oil and gas |  | $ | 96,364 |  |  | $ | 97,418 |
Mineral |  |  | 21,942 |  |  |  | 20,739 |
Corporate |  |  | 7,205 |  |  |  | 8,644 |
Total assets |  | $ | 125,511 |  |  | $ | 126,801 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: 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 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration