Business Combination

9 Months Ended

Sep. 30, 2011

Business Combination [Abstract]

BUSINESS COMBINATION

NOTE 4. BUSINESS COMBINATION

          On November 23, 2010, through our newly-formed subsidiary, Acquisition Inc., we acquired 100% of the membership interests of Oaks and its wholly-owned operating subsidiary, FDF. Total consideration transferred was $51.8 million and consisted of cash of $41.3 million, 5.4 million shares of NYTEX Energy common stock at an estimated fair value of $1.86 per share, or $10 million, and a non-interest bearing promissory note payable to the seller in the principal amount of $0.7 million with a fair value of $0.5 million.

          FDF is a full-service provider of drilling, completion, and specialized fluids, dry drilling and completion products, technical services, industrial cleaning services, and equipment rental for the oil and gas industry. Headquartered in Crowley, Louisiana, FDF operates out of 22 locations in five U.S. states. Our acquisition of FDF makes us a more diversified energy company by providing a broader range of products and services to the oil and gas industry. FDF contributed revenues totaling $23,425,811 and $63,455,383 and loss before income taxes of $1,329,142 and $5,232,041 to our consolidated statement of operations for the three and nine months ended September 30, 2011, respectively.

          The following unaudited pro forma summary presents consolidated information as if the business combination had occurred on January 1, 2010 for the nine months ended September 30, 2010:

	Nine Months Ended
	September 30, 2010
Revenue	$	56,985,934
Net loss	$	(2,289,366	)
Net loss per share, basic and diluted	$	(0.11	)