Discontinued Operations

12 Months Ended

Dec. 31, 2014

Discontinued Operations [Abstract]

Discontinued Operations

7. Discontinued Operations

Discontinued operations represent the income and expenses related to the Companys pipeline assets. The pipeline assets were sold in August 2013. The following table summarizes the amounts in net loss from discontinued operations, net of income tax presented in the consolidated statement of Operations for the years ended December 31, 2013 and 2012 (in thousands):

		Years Ended December 31,
		2013			2012
Revenues	$	22		$	30
Production costs and taxes		(164	)		(315	)
Depreciation, depletion, and amortization		-			(223	)
Impairment		-			(5,242	)
Gain on sale of assets		128			-
Deferred income tax benefit		(180	)		1,419
Current income tax benefit		57			20
Net loss from discontinued operations, net of income tax	$	(137	)	$	(4,311	)