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Segment Information
 9 Months Ended
Sep. 30, 2015
Segment Information [Abstract]  
Segment Information
9)      Segment Information

As of September 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 nine months ended September 30, 2015 and 2014, and total assets as of September 30, 2015 and December 31, 2014 by segment, are as follows:


         
  
(In thousands)
  
(In thousands)
 
  
For the three months ended September 30,
  
For the nine months ended September 30,
 
  
2015
  
2014
  
2015
  
2014
 
Revenues:
        
Oil and gas
 
$
2,622
  
$
9,928
  
$
8,586
  
$
27,312
 
Total revenues
  
2,622
   
9,928
   
8,586
   
27,312
 
                 
Operating expenses:
                
Oil and gas
  
25,187
   
7,649
   
56,437
   
19,084
 
Mineral properties
  
835
   
930
   
2,295
   
2,344
 
Total operating expenses
  
26,022
   
8,579
   
58,732
   
21,428
 
                 
Interest expense:
                
Oil and gas
  
56
   
93
   
201
   
307
 
Mineral properties
  
--
   
--
   
--
   
--
 
Total interest expense
  
56
   
93
   
201
   
307
 
                 
Operating income (loss)
                
Oil and gas
 
$
(22,621
)
 
$
2,186
  
$
(48,052
)
 
$
7,921
 
Mineral properties
  
(835
)
  
(930
)
  
(2,295
)
  
(2,344
)
Operating income (loss)
          
 
     
from identified segments
  
(23,456
)
  
1,256
   
(50,347
)
  
5,577
 
           
 
     
General and administrative expenses
  
(1,824
)
  
(2,030
)
  
(4,524
)
  
(5,169
)
Add back interest expense
  
56
   
93
   
201
   
307
 
Other revenues and expenses
  
1,573
   
618
   
1,036
   
(472
)
                 
Income (loss) before income taxes
 
$
(23,651
)
 
$
(63
)
 
$
(53,634
)
 
$
243
 
                 
Depreciation depletion and amortization expense:
                
Oil and gas
 
$
2,176
  
$
4,621
  
$
7,105
  
$
11,498
 
Mineral properties
  
31
   
31
   
93
   
92
 
Corporate
  
36
   
37
   
108
   
112
 
Total depreciation depletion
                
amortization expense
 
$
2,243
  
$
4,689
  
$
7,306
  
$
11,702
 


     
  
(In thousands)
 
  
September 30,
  
December 31,
 
  
2015
  
2014
 
Assets by segment
    
Oil and gas
 
$
43,389
  
$
92,020
 
Mineral
  
21,944
   
21,942
 
Corporate
  
6,169
   
9,561
 
Total assets
 
$
71,502
  
$
123,523