Equity Method Investment

9 Months Ended

Sep. 30, 2016

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. For the nine months ended September 30, 2016 and 2015, the Company recorded equity method loss of approximately $10,000 and income of approximately $6,000, respectively, related to this investment. In addition, during the first quarter of 2016, the Company received a cash distribution of $275,000 from CCGGC.