(7) Long-Term Debt

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


		September 30, 2014			December 31, 2013
Note payable to a financial institution, with interest only
payment until maturity.	$	780		$	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		149			200
Total long-term debt		929			3,457

Less current maturities		(63	)		(82	)
Long-term debt, less current maturities	$	866		$	3,375

At September 30, 2014, the Company had a revolving credit facility with Prosperity Bank (formerly F&M Bank & Trust Company). 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 Companys borrowing base in effect from time to time. As of September 30, 2014, the Companys borrowing base was $14.3 million, the interest rate was prime plus 0.50% per annum, and the maturity date was January 27, 2016. The Companys interest rate at September 30, 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 Companys producing and non-producing oil and gas properties and the Companys Methane Project and electric generation assets. The credit facility includes certain covenants with which the Company is required to comply. As of September 30, 2014, these covenants include leverage, interest coverage, and minimum liquidity ratios. On September 23, 2014, the Companys senior credit facility with Prosperity Bank after Prosperity Banks semiannual review of the Companys currently owned producing properties had been amended to eliminate the current ratio and General and Administrative expense covenants. The Company is in compliance with all of the credit facility covenants.

The total borrowing by the Company under the Prosperity Bank facility at September 30, 2014 and December 31, 2013 was approximately $780,000 and $3.3 million, respectively. The next borrowing base review will take place in March 2015.