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Equity Method Investment
9 Months Ended
Sep. 30, 2014
Equity Method Investment [Abstract]  
Equity Method Investment

Note 5– Equity Method Investment

 

The Company has a 50% interest in Crawford County Gas Gathering Company, LLC (“CCGGC”) which owns and operates pipelines and related gathering and treating facilities. The Company’s gas production located in Illinois is gathered and transported on CCGGC’s gathering facilities. The Company’s investment in CCGGC is accounted for under the equity method of accounting, and its share of the income or loss is recognized. During the nine month periods ended September 30, 2014 and 2013, the Company recorded equity method income of approximately $7,000 and a loss of $77,000, respectively, related to this investment.