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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Oilfield services$ 20,718,655 $ 56,121,485 
Drilling fluids2,707,156 7,333,898 
Oil and gas40,796439,210332,022679,457
Other140,6741,299271,1642,922
Total revenues23,607,281440,50964,058,569682,379
Operating expenses:    
Cost of goods sold - drilling fluids679,728 2,148,044 
Oil & gas lease operating expenses9,31318,61866,15784,732
Depreciation, depletion, and amortization2,236,11322,0506,597,54442,927
Selling, general, and administrative expenses20,539,8091,300,69656,415,9642,272,054
Loss on litigation settlement  965,065 
(Gain) loss on sale of assets, net5,772111,971(16,878)(466,902)
Total operating expenses23,470,7351,453,33566,175,8961,932,811
Income (loss) from operations136,546(1,012,826)(2,117,327)(1,250,432)
Other income (expense):    
Interest income843241,229234
Interest expense(1,375,513)(83,043)(3,722,126)(176,504)
Change in fair value of derivative liabilities(8,699) 355,387 
Accretion of preferred stock liability(943,181) (2,829,545) 
Equity in loss of unconsolidated subsidiaries (76,305) (316,908)
Loss on sale of unconsolidated subsidiary (870,750) (870,750)
Other35,983 18,283 
Total other income (expense)(2,290,567)(1,030,074)(6,176,772)(1,363,928)
Loss before income taxes(2,154,021)(2,042,900)(8,294,099)(2,614,360)
Income tax benefit693,321 1,426,806 
Net loss(1,460,700)(2,042,900)(6,867,293)(2,614,360)
Preferred stock dividends(131,906) (399,436) 
Net loss to common stockholders$ (1,592,606)$ (2,042,900)$ (7,266,729)$ (2,614,360)
Net loss per share, basic and diluted$ (0.06)$ (0.10)$ (0.27)$ (0.13)
Weighted average shares outstanding, basic and diluted26,940,63319,728,92826,481,71919,394,022