(8) Long-Term Debt

Long-term debt to unrelated entities consisted of the following (in thousands):


		June 30, 2013			December 31, 2012
Note payable to a financial institution, with interest only
payment until maturity.	$	6,482		$	10,138
Installment notes bearing interest at the rate of 5.5% to
8.25% per annum collateralized by vehicles with monthly
payments including interest, insurance and maintenance of
approximately $20,000		157			208
Total long-term debt		6,639			10,346
Less current maturities		(84	)		(100	)
Long-term debt, less current maturities	$	6,555		$	10,246

At June 30, 2013, the Company had a revolving credit facility with F&M Bank & Trust Company ("F&M Bank"). Under the credit facility, loans and letters of credit are available to the Company on a revolving basis in an amount outstanding not to exceed the lesser of $40 million or the Company's borrowing base in effect from time to time. As of June 30, 2013, the Company's borrowing base was $20.5 million and the interest rate is the greater of prime plus 0.25% or 5.25% per annum. The Company's interest rate at June 30, 2013 was 5.25%. The credit facility is secured by substantially all of the Company's producing and non-producing oil and gas properties and pipeline and the Company's Methane Project assets. The credit facility includes certain covenants with which the Company is

required to comply. These covenants include leverage, interest coverage, minimum liquidity, and general and administrative coverage ratios. The Company is in compliance with all of the credit facility covenants.

The total borrowing by the Company under the credit facility at June 30, 2013 and December 31, 2012 was $6.5 million and $10.1 million, respectively. The next borrowing base review will take place in August 2013.