(7) Long-Term Debt

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


		March 31, 2014			December 31, 2013
Note payable to a financial institution, with interest only
payment until maturity.	$	2,107		$	3,257
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 $10		194			200
Total long-term debt		2,301			3,457

Less current maturities		(78	)		(82	)
Long-term debt, less current maturities	$	2,223		$	3,375

At March 31, 2014, 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 March 31, 2014, the Company's borrowing base was $14.3 million, the interest rate was prime plus 0.50% per annum, and the maturity date was Jan 27, 2016. The Company's interest rate at March 31, 2014 was 3.75%. The borrowing base is subject to an existing periodic redetermination provision in the credit facility. The credit facility is secured by substantially all of the Company's producing and non-producing oil and gas properties and the Company's Methane Project and electric generation 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 F&M Bank facility at March 31, 2014 and December 31, 2013 was $2.1 million and $3.3 million, respectively. The next borrowing base review will take place in July 2014.