Common Stock [Member]
Equity Components [Axis]
Additional Paid-In Capital [Member]
Treasury Stock [Member]
Retained Earnings [Member]
Rental Properties [Member]
Major Property Class [Axis]
Minimum
Range [Axis]
Gas Gathering [Member]
Maximum
Trade Receivables [Member]
Receivable Type [Axis]
Accrued Receivables [Member]
Giant [Member]
Related Party Transaction [Axis]
MRO [Member]
NRG [Member]
Peveler [Member]
MRV [Member]
Reserve [Member]
Short-term [Member]
Investment Type [Axis]
Long-term [Member]
Bank One [Member]
Federal Home Loan Bank Branch [Axis]
Bank Two [Member]
Certificate of Deposit [Member]
Single-well bonds [Member]
Ceded Credit Risk, Reinsurer [Axis]
Single-well bonds Additional
Letters of Credit [Member]
Halcon Resources Operating, Inc. [Member]
Oil and Gas Delivery Commitments and Contracts [Axis]
Pruet Production Co. [Member]
New Gulf Resources [Member]
Eastex Crude Company [Member]
Enbridge Energy Partners [Member]
Crosstex Gulf Coast Mktg [Member]
Targa Midstream Service, LIM [Member]
Sunoco Partners Marketing [Member]
Shell Trading (US) Company [Member]
Enterprise Crude Oil, LLC [Member]
Holly Corp [Member]
Enervest Operating, LLC [Member]
Enlink Gas Marketing, LTD [Member]
LPC Crude Oil Marketing LLC [Member]
Agave Energy Company [Member]
Midcoast Energy Partners LP [Member]
Empire Pipeline Corp. [Member]
Oil and gas exploration, acquisition, production and operations [Member]
Segments [Axis]
Gas gathering, compression and equipment rental [Member]
Commercial real estate investment [Member]
Subtotal [Member]
Corporate and other [Member]
Commercial real estate investment
Crude Oil Bbls [Member]
Crosstex Energy Servies, LP [Member]
Gulfmark Energy, Inc [Member]
Panther Energy Company, LLC [Member]
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Is Entity a Well-known Seasoned Issuer?
Is Entity a Voluntary Filer?
Is Entity's Reporting Status Current?
Entity Filer Category
Entity Public Float
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Amendment
Statement of Financial Position [Abstract]
ASSETS
Current Assets
Cash and cash equivalents
Accounts receivable, trade
Prepaid income tax
Other short-term investments
Total Current Assets
Property and Equipment - at cost
Oil and gas properties (full cost method)
Rental equipment
Gas gathering system
Other property and equipment
Total Property and Equipment
Accumulated depreciation and amortization
Total Property and Equipment, Net
Real Estate Property - at cost
Land
Commercial office building
Accumulated depreciation
Total Real Estate Property
Other Assets
Other long-term investments
Other assets
Total Other Assets
Total Assets
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Notes payable, current portion
Accounts payable and accrued liabilities
Income tax payable
Tax savings benefit
Total Current Liabilities
Noncurrent Liabilities
Notes payable, long-term portion
Asset retirement obligation
Total Noncurrent Liabilities
Deferred Income Tax Payable
Total Liabilities
Shareholders' Equity
Common stock, $.01 par value, 100,000,000 shares authorized; 7,677,471 shares issued and 6,936,269 shares outstanding at December 31, 2014 and at December 31, 2013.
Additional paid-in capital
Treasury stock, at cost
Retained earnings
Total Shareholders' Equity
Total Liabilities and Shareholders' Equity
Common Stock, Par Value $0.01
Common Stock, Par Value
Common Stock, Shares Authorized
Common Stock, Shares Issued
Common Stock, Shares Outstanding
Income Statement [Abstract]
Revenues
Oil and gas revenues
Revenue from lease operations
Gas gathering, compression, equipment rental
Real estate rental income
Interest Income
Other
Total Revenues
Expenses
Lease operations
Production taxes, gathering and marketing
Pipeline and rental operations
Real estate operations
Depreciation and amortization
ARO accretion expense
General and administrative
Interest expense
Total Expenses
Income Before Income Tax
Current income tax provision
Deferred income tax provision (benefit)
Total income tax provision (benefit)
Net Income
Earnings per Share of Common Stock Basic and Diluted
Weighted Average Shares Outstanding Basic and Diluted
Statement [Table]
Statement [Line Items]
Beginning Balance, Amount
Beginning Balance, Shares
Issuance shares of Common Stock out of Treasury Stock as part of an employee compensation package, Amount
Issuance shares of Common Stock out of Treasury Stock as part of an employee compensation package, Shares
Purchase shares of Common Stock as Treasury Stock, Amount
Purchase shares of Common Stock as Treasury Stock, Shares
Net loss
Ending Balance, Amount
Enidng Balance, shares
Statement of Cash Flows [Abstract]
Cash Flows from Operating Activities
Net Income
Reconciliation of net income to net cash provided by operating activities
Depreciation and amortization
Accretion of asset retirement obligation
Non-cash employee compensation paid with treasury stock
Changes in accounts receivable
Changes in prepaid income tax
Changes in accounts payable & accrued liabilities
Changes in current tax payable
Changes in deferred tax payable
Other
Net cash provided by operating activities
Cash Flows from Investing Activities
Capitalized acquisition, exploration and development costs
Purchase of other property and equipment
Purchase of other long-term investments
Net cash (used for) investing activities
Cash Flows from Financing Activities
Repayment of note payable to bank
Purchase of 724,534 shares of treasury stock
Net cash (used for) financing activities
Increase in cash
Cash at beginning of period
Cash at end of period
Interest paid in cash
Income taxes paid in cash
Treasury stock, shares
Accounting Policies [Abstract]
Basis of Presentation
Summary of Significant Accounting Policies
Notes to Financial Statements
Account Receivable
Payables and Accruals [Abstract]
Accounts Payable
Debt Disclosure [Abstract]
Notes Payable
Related Party Transactions [Abstract]
Related Party Transactions
Equity [Abstract]
Common Stock
Income Tax Disclosure [Abstract]
Income Taxes
Supplemental Cash Flow Elements [Abstract]
Cash Flow Information
Earnings Per Share [Abstract]
Earnings Per Share
Risks and Uncertainties [Abstract]
Concentration of Credit Risk
Investments, All Other Investments [Abstract]
Financial Instruments
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Operations and Balance Sheet Information
Segment Reporting [Abstract]
Business Segments
Supplementory Income Statement
Quarterly Financial Information Disclosure [Abstract]
Quarterly Data
Supplemental Reserve Information
Merger and Basis of Presentation
Organization and Nature of Operations
FASB Accounting Standards Codification
Consolidation
Cash and Cash Equivalents
Other Investments
Allowance for Doubtful Accounts
Oil and Gas Properties
Property and Equipment
Real Estate Property
Investments in Real Estate
Accounting for Asset Retirement Obligations
Revenue Recognition
Income Taxes
Use of Estimates
Share-Based Payments
Recently Issued Accounting Pronouncements
Subsequent Events
Asset Retirement Obligation
Accounts Receivable
Accounts Payable
Note Payable
Income Tax Expense (Benefit)
Deferred Tax
Cash Flow
Financial Instruments
Significant purchasers / operators
Revenues, costs and expenses related to the Company's oil and gas operations
Business Segments
Supplementary Income statement
Quarterly Data
Quantities of Proved Reserves
Standardized measure of discounted future net cash flows related to proved reserves:
Changes in the standardized measure of discounted future net cash flows:
Allowance for doubtful accounts
Real Estate
Carrying amount of asset retirement obligation
Liabilities added
Liabilities divested or settled
Current period accretion expenses
Carrying amount as of December 31,
Schedule of Acquired Finite-Lived Intangible Asset by Major Class [Table]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated life
Schedule of Accounts, Notes, Loans and Financing Receivable [Table]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Account receivable, gross
Less: Allowance for losses
Trade payables
Production proceeds payable
Prepaid drilling costs
Accounts payable and accrued liabilities
Note Payable
Monthly Principal
Interest rate
Less current maturities
Total notes payable, long-term portion
Terms
Schedule of Related Party Transactions, by Related Party [Table]
Related Party Transaction [Line Items]
Monthly Fees
Restricted common stock, issued
Price per share
Treasury stock, outstanding
Computed expected tax expense (benefit)
Miscellaneous timing differences related to book and tax depletion differences and the expensing of intangible drilling costs
Expected Federal income tax expense (benefit)
Current income tax provision (benefit)
Deferred tax assets
Depreciation, depletion and amortization
Other, net
Net deferred tax asset
Deferred tax liabilities
Expired leasehold
Intangible drilling costs
Depreciation
Net deferred tax liability
Payments to unsecured creditors
Owed to unsecured creditors
Effective tax rate
Net cash provided by operating activities includes cash payments for the following:
Interest expense
Income taxes
Excluded from the Consolidated Statements of Cash Flows were the effects of certain non-cash investing and financing activities, as follows:
Addition (Reductions) of oil & gas properties by recognitions of asset retirement obligation
Concentration Risk [Table]
Concentration Risk [Line Items]
FDIC Insured
FIDC Insured
Checking and money market accounts
Certificates of Deposits
Investment Holdings [Table]
Investment Holdings [Line Items]
Cash, Carrying amount
Cash, Fair Value
Certificates, Carrying Amount
Certificates, Fair Value
Accounts receivable, carrying amount
Accounts receivable, Fair Value
Other Commitments [Table]
Other Commitments [Line Items]
Single-well bonds
Schedule of Product Information [Table]
Product Information [Line Items]
Significant Purchaser
Capitalized costs relating to oil and gas producing activities:
Unproved properties
Proved properties
Total capitalized costs
Accumulated amortization
Total capitalized costs, net
Costs incurred in oil and gas property acquisitions, exploration and development:
Acquisition of properties
Development costs
Total costs incurred
Result of operations from producing activities:
Oil and gas revenues
Production costs
Amortization of oil and gas properties
Total production costs
Total net revenue
Sales price per equivalent Mcf
Production costs per equivalent Mcf
Amortization per equivalent Mcf
Oil and Gas In Process Activities [Table]
Oil and Gas In Process Activities [Line Items]
Results of opeations from gas gathering and equipment rental activities:
Revenue
Operataing costs
Amortization/Depreciation
Schedule of Segment Reporting Information, by Segment [Table]
Segment Reporting Information [Line Items]
Revenue
Depreciation, depletion, and amortization
Income from operations
Identifiable assets net of DDA
Income Statement Related Disclosures [Abstract]
Maintenance and repairs
Production taxes
Taxes, other than payroll and income taxes
Total Revenues
Expense
Operating income (loss)
Current tax (provision) benefit
Deferred tax (provision) benefit
Net income (loss)
Earnings (loss) per share of common stock Basic and diluted
Quantities of Proved Reserves:
Supplemental Reserve Information
Beginning Balance
Sales of reserves in place
Acquired properties
Extensions and discoveries
Revisions of previous estimates *
Production
Ending Balance
Proved Developed Reserves:
Proved Developed Reserves
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Standardized Measure [Abstract]
Standardized measure of discounted future net cash flows related to proved reserves:
Future production revenue
Future development costs
Future production costs
Future net cash flow before Federal income taxes
Future income taxes
Future net cash flows
Effect of 10% annual discounting
Standardized measure of discounted cash flows
Changes in the standardized measure of discounted future net cash flows:
Beginning of the year
Sales of oil and gas, net of production costs
Net changes in prices and production costs
Extensions, discoveries, additions less related costs
Development costs incurred
Net changes in future development cost
Revisions of previous quantity estimates
Net change in purchase and sales of minerals in place
Accretion of discount
Net change in income taxes
Other
End of the year
Supplemental Reserve Information Details 3
Allowance for doubtful accounts
Supplemental Reserve Information Details 4
Buildings
Acquisition Costs
Investment in real estate
Acquistions in real estate
Investment in real estate
Accumulated depreciation
Depreciation Expense
Accumulated depreciation
Accumulated Depreciation for Real Estate
Amortization Of Oil And GasProperties
Asset Obligiation Liabilities Divested Or Settled
Asset Retirement Liabilities Added
Bank Time Deposits Two Member
Commercial Office Building
Common Stock Par Value 0.01 Abstract
Crosstex Gulf Coast Mktg Member
Discounted Future Net Cash Flows Relating To Proved Oil And Gas Reserves Future Net Cash Before Taxes
Eastex Crude Company Member
Empire Pipeline Corp Member
Enbridge Energy Partners Member
Enervest Operating LLC Member
Enterprise Crude Oil LLC Member
Gas Gathering Compression Equip Rental
Gas Gathering System
Giant Member
Gulfmark Energy Inc Member
Halcon Resources Operating Inc Member
Holly Corp Member
Incerease Decrease In Deferred Tax Payable
Income Tax Payable
Lease Operations
MRO Member
MRV Member
NRG Member
Net Changes In Estimated Future Development Costs
Panther Energy Company LLC Member
Peveler Member
Pipeline And Rental Operations
Prepaid Drilling Costs
Production Proceeds Payable
Production Taxes Gathering And Marketing
Pruet Production Co Member
Purchase Shares Of Common Stock As Treasury Stock Amount
Purchase Shares Of Common Stock As Treasury Stock Shares
Real Estate Property At Cost Abstract
Rental Equipment
Reserve Member
Segment Current Tax Provision Benefit
Segment Revenues
Shell Trading US Company Member
Single Well Bonds Additional Member
Single Well Bonds Member
Subtotal Member
Sunoco Partners Marketing Member
Supplemental Reserve Information Text Block
Supplementory Income Statement Text Block
Targa Midstream Service LIM Member
Tax Savings Benefit
Total Other Assets
Total Real Estate Property
Weighted Average Shares Outstanding Basic And Diluted
Supplemental Reserve Information
FDIC Insured Commentary
New Gulf Resources Member
Enlink Gas Marketing LTD Member
LPC Crude Oil Marketing LLC Member
Agave Energy Company Member
Midcoast Energy Partners LP Member
Crosstex Energy Servies LP Member
Assets, Current
Property, Plant and Equipment, Gross
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment
Property, Plant and Equipment, Net
AccumulatedDepreciation
TotalRealEstateProperty
TotalOtherAssets
Liabilities, Current
Liabilities, Noncurrent
Liabilities
Treasury Stock, Value
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Income Tax Expense (Benefit) [Default Label]
Shares, Outstanding
Depreciation, Depletion and Amortization, Nonproduction
Increase (Decrease) in Other Operating Assets
Net Cash Provided by (Used in) Operating Activities
Payments to Acquire Productive Assets
Payments to Acquire Long-term Investments
Net Cash Provided by (Used in) Investing Activities
Repayments of Long-term Debt
Net Cash Provided by (Used in) Financing Activities
Income Tax, Policy [Policy Text Block]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]
Business Combination, Segment Allocation [Table Text Block]
Schedule of Quarterly Financial Information [Table Text Block]
Asset Retirement Obligation [Default Label]
Debt Instrument, Face Amount
Effective Income Tax Rate Reconciliation, Deduction, Qualified Production Activity, Amount
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other
Deferred Tax Assets, Tax Deferred Expense, Other
Deferred Tax Assets, Net of Valuation Allowance
Deferred Tax Liabilities, Net
Capitalized Costs, Oil and Gas Producing Activities, Gross
Capitalized Costs, Accumulated Depreciation, Depletion, Amortization and Valuation Allowance Relating to Oil and Gas Producing Activities
Capitalized Costs, Oil and Gas Producing Activities, Net
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities
Oil and Gas Revenue
SegmentRevenues
SupplementalReserveInformation
Proved Developed and Undeveloped Reserves, Net
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Future Net Cash Flows [Abstract]
Principal Sources of Change in Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves [Abstract]
Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves
Standardized Measure of Discounted Future Net Cash Flow of Proved Oil and Gas Reserves, Other
Allowance for Doubtful Accounts Receivable
Real Estate Investments, Net
Property, Plant and Equipment, Other, Accumulated Depreciation