Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Summary of result of operations and total assets by segment

As of June 30, 2015, 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, 2015 and 2014, and total assets as of June 30, 2015 and December 31, 2014 by segment, are as follows:


	(In thousands)						(In thousands)
	For the three months ended June 30,						For the six months ended June 30,
	2015			2014			2015			2014
Revenues:
Oil and gas	$	3,285		$	9,128		$	5,964		$	17,384
Total revenues		3,285			9,128			5,964			17,384

Operating expenses:
Oil and gas		7,284			6,169			31,250			11,435
Mineral properties		707			657			1,460			1,414
Total operating expenses		7,991			6,826			32,710			12,849

Interest expense:
Oil and gas		56			130			145			214
Mineral properties		--			--			--			--
Total interest expense		56			130			145			214

Operating income (loss)
Oil and gas	$	(4,055	)	$	2,829		$	(25,431	)	$	5,735
Mineral properties		(707	)		(657	)		(1,460	)		(1,414	)
Operating income (loss)
from identified segments		(4,762	)		2,172			(26,891	)		4,321

General and administrative expenses		(1,221	)		(1,533	)		(2,700	)		(3,139	)
Add back interest expense		56			130			145			214
Other revenues and expenses		(353	)		(713	)		(537	)		(1,090	)

Income (loss) before income taxes	$	(6,280	)	$	56		$	(29,983	)	$	306

Depreciation depletion and amortization expense:
Oil and gas	$	2,055		$	3,583		$	4,929		$	6,877
Mineral properties		31			30			62			61
Corporate		36			38			72			75
Total depreciation depletion
amortization expense	$	2,122		$	3,651		$	5,063		$	7,013


	(In thousands)
	June 30,		December 31,
	2015		2014
Assets by segment
Oil and gas	$	66,291	$	92,020
Mineral		21,944		21,942
Corporate		7,183		9,561
Total assets	$	95,418	$	123,523