Business Segments

6 Months Ended

Jun. 30, 2013

Business Segments [Abstract]

BUSINESS SEGMENTS

NOTE 11 — BUSINESS SEGMENTS

Our principal operations consist of exploration and production through Trans Energy, American Shale and Prima Oil Company, and pipeline transmission with Ritchie County Gathering Systems and Tyler Construction Company.

Certain financial information concerning our operations in different segments is as follows:

	For the Three Months Ended June 30		Exploration and Production		Pipeline Transmission			Corporate			Total
Revenue		2013	$	4,641,723	$	26,447		$	2,988		$	4,671,158
		2012		2,137,362		94,375			232,965			2,464,702
Income (Loss) from operations		2013		1,680,928		(1,024	)		(1,536,847	)		143,057
		2012		110		55,354			(1,343,071	)		(1,287,607	)
Interest expense		2013		3,897,557					1,071			3,898,628
		2012		1,432,141		—			—			1,432,141
Depreciation, depletion, amortization and accretion		2013		739,161		—			—			739,161
		2012		741,969		81			—			742,050
Property and equipment acquisitions, including oil and gas properties		2013		10,892,915		—			709			10,893,624
		2012		13,266,501		—			—			13,266,501

	For the Six Months Ended June 30		Exploration and Production		Pipeline Transmission		Corporate			Total
Revenue		2013	$	8,215,606	$	61,890	$	2,988		$	8,280,484
		2012		4,909,344		187,688		285,198			5,382,230
Income (Loss) from operations		2013		2,288,186		31,529		(3,095,547	)		(775,832	)
		2012		243,577		106,873		(2,703,613	)		(2,353,163	)
Interest expense		2013		5,795,458		—		5,917			5,801,375
		2012		1,870,855		—		—			1,870,855
Depreciation, depletion, amortization and accretion		2013		1,378,556		54		—			1,378,610
		2012		1,752,887		161		—			1,753,048
Property and equipment acquisitions, including oil and gas properties		2013		12,692,501		—		5,961			12,698,462
		2012		14,340,118		—		—			14,340,118
Total assets, net of intercompany accounts:
June 30, 2013		88,890,193				6,225					88,896,418
December 31, 2012		62,408,692				29,769					62,438,461

Property and equipment acquisitions include accrued amounts and reclassifications.