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SEGMENTS AND MAJOR CUSTOMERS (Tables) | 12 Months Ended
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Dec. 31, 2014
SEGMENTS AND MAJOR CUSTOMERS [Abstract] |
Summary of Result of Operations and Total Assets by Segment | Our operating segments are reflected in the tables below:
|  | (In thousands) |
|  | For the years ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Revenues: |  |  |  |  |  |  |  |  |
Oil and gas |  | $ | 32,379 |  |  | $ | 33,647 |  |  | $ | 32,534 |
Total revenues |  |  | 32,379 |  |  |  | 33,647 |  |  |  | 32,534 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  |  | 25,323 |  |  |  | 29,920 |  |  |  | 30,870 |
Mineral properties |  |  | 2,985 |  |  |  | 3,045 |  |  |  | 2,899 |
Total operating expenses |  |  | 28,308 |  |  |  | 32,965 |  |  |  | 33,769 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  |  | 368 |  |  |  | 264 |  |  |  | 169 |
Mineral properties |  |  | -- |  |  |  | 12 |  |  |  | 24 |
Total interest expense |  |  | 368 |  |  |  | 276 |  |  |  | 193 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Oil and gas |  | $ | 6,688 |  |  | $ | 3,463 |  |  | $ | 1,495 |
Mineral properties |  |  | (2,985 | ) |  |  | (3,057 | ) |  |  | (2,923 | )
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |
from identified segments |  |  | 3,703 |  |  |  | 406 |  |  |  | (1,428 | )
General and administrative expenses |  |  | (6,559 | ) |  |  | (5,673 | ) |  |  | (9,109 | )
Add back interest expense |  |  | 368 |  |  |  | 276 |  |  |  | 193 |
Other revenues and expenses |  |  | 397 |  |  |  | (2,695 | ) |  |  | 849 |
(Loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |
and discontinued operations |  | $ | (2,091 | ) |  | $ | (7,686 | ) |  | $ | (9,495 | )
Depreciation depletion and amortization expense:
Oil and gas |  | $ | 14,685 |  |  | $ | 13,623 |  |  | $ | 14,893 |
Mineral properties |  |  | 123 |  |  |  | 126 |  |  |  | 127 |
Corporate |  |  | 148 |  |  |  | 149 |  |  |  | 437 |
Total depreciation expense |  | $ | 14,956 |  |  | $ | 13,898 |  |  | $ | 15,457 |
|  | (In thousands) |
|  | December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Assets by segment |  |  |  |  |  |  |  |  |
Oil and gas |  | $ | 92,020 |  |  | $ | 97,418 |  |  | $ | 93,839 |
Mineral |  |  | 21,942 |  |  |  | 20,739 |  |  |  | 20,747 |
Corporate |  |  | 9,561 |  |  |  | 8,644 |  |  |  | 26,241 |
Total assets |  | $ | 123,523 |  |  | $ | 126,801 |  |  | $ | 140,827 |

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