Equity Investment in Sunrise Energy (Sunrise Energy [Member])

12 Months Ended

Dec. 31, 2014

Sunrise Energy [Member]

Equity Investment

(13)  Equity Investment in Sunrise Energy

We own a 50% interest in Sunrise Energy, LLC, which owns gas reserves and gathering equipment with plans to develop and operate such reserves. Sunrise Energy also plans to develop and explore for coal-bed methane gas reserves on or near our underground coal reserves. They use the successful efforts method of accounting. We account for our interest using the equity method of accounting.

Below (in thousands) to the 100% is a condensed balance sheet at December 31, for both years and a condensed statement of operations for both years.  Sunrise Energy’s proved oil and gas reserves are not material.

Condensed Balance Sheet
	2014		2013
Current assets	$	3,580	$	3,109
Oil and gas properties, net		7,130		6,781
	$	10,710	$	9,890
Total liabilities	$	1,080	$	756
Members’ capital		9,630		9,134
	$	10,710	$	9,890

Condensed Statement of Operations
	2014			2013
Revenue	$	3,203		$	3,399
Expenses		(2,707	)		(2,141	)
Net income	$	496		$	1,258