Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Summary of result of operations and total assets by segment

As of March 31, 2015, 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, 2015 and 2014, and total assets as of March 31, 2015 and December 31, 2014 by segment, are as follows:


	(In thousands)
	For the three months ended March 31,
	2015			2014
Revenues:
Oil and gas	$	2,679		$	8,256
Total revenues		2,679			8,256

Operating expenses:
Oil and gas		23,966			5,266
Mineral properties		753			757
Total operating expenses		24,719			6,023

Interest expense:
Oil and gas		89			84
Mineral properties		--			--
Total interest expense		89			84

Operating income (loss)
Oil and gas	$	(21,376	)	$	2,906
Mineral properties		(753	)		(757	)
Operating income (loss)
from identified segments		(22,129	)		2,149

General and administrative expenses		(1,479	)		(1,606	)
Add back interest expense		89			84
Other revenues and expenses		(184	)		(377	)

Income (loss) before income taxes	$	(23,703	)	$	250

Depreciation depletion and amortization expense:
Oil and gas	$	2,874		$	3,294
Mineral properties		31			31
Corporate		36			37
Total depreciation depletion
amortization expense	$	2,941		$	3,362


	(In thousands)
	March 31,		December 31,
	2015		2014
Assets by segment
Oil and gas	$	73,001	$	92,020
Mineral		21,945		21,942
Corporate		6,553		9,561
Total assets	$	101,499	$	123,523

- 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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