Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2013

Information concerning business activities and assets by segment

The Company is engaged in the business of crude oil and natural gas marketing as well as tank truck transportation of liquid chemicals, and oil and gas exploration and production. Information concerning the Company's various business activities is summarized as follows (in thousands):

- Three Month Comparison

			Segment			Depreciation		Property and
			Operating			Depletion and		Equipment
	Revenues		Earnings			Amortization		Additions
Period Ended March 31, 2013
Marketing
- Crude Oil	$	931,876	$	13,434		$	1,764	$	1,361
- Natural gas		1,066		148			15		-
Marketing Total		932,942		13,582			1,779		1,361
Transportation		17,346		1,398			1,736		145
Oil and gas		3,213		(116	)		2,014		2,397
	$	953,501	$	14,864		$	5,529	$	3,903
Period Ended March 31, 2012
Marketing
- Crude Oil	$	855,846	$	7,765		$	1,290	$	4,199
- Natural gas		1,584		393			1		-
Marketing Total		857,430		8,158			1,291		4,199
Transportation		16,268		3,054			1,251		4,688
Oil and gas		3,791		402			1,621		6,335
	$	877,489	$	11,614		$	4,163	$	15,222

Reconciliation of segment earnings to earnings before income taxes

Segment operating earnings reflect revenues net of operating costs and depreciation, depletion and amortization and are reconciled to earnings from continuing operations before income taxes, as follows (in thousands):

	Three Months Ended March 31,
	2013			2012
Segment operating earnings	$	14,864		$	11,614
- General and administrative expenses		(2,266	)		(2,232	)
Operating earnings		12,598			9,382
- Interest income		38			21
- Interest expense		(2	)		(1	)
Earnings from continuing operations before income taxes
and discontinued operations	$	12,634		$	9,402

Identifiable assets by industry segment are as follows (in thousands):

	March 31,		December 31,
	2013		2012
Marketing
- Crude oil	$	298,124	$	277,920
- Natural gas		8,728		11,764
Marketing Total		306,852		289,684
Transportation		37,619		38,940
Oil and gas		35,043		35,788
Other		38,304		55,089
	$	417,818	$	419,501

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References+ Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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