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BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
BUSINESS SEGMENTS

NOTE 11 — BUSINESS SEGMENTS

Our principal operations consist of exploration and production through Trans Energy, American Shale and Prima, 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 September 30		   Exploration
and
Production		     Pipeline
Transmission		     Corporate     Total  

Revenue

   2013   $ 4,343,739      $ 35,203      $ 25,801      $ 4,404,743   
  2012     783,045        98,288        2,363        883,696   

Income (Loss) from operations

   2013     862,737        (10,376 )      (1,855,586 )      (1,003,225 ) 
  2012     60,758        52,174        (2,021,728 )      (1,908,796 ) 

Interest expense

   2013     5,200,033        —          595        5,200,628   
  2012     1,659,934        —          —          1,659,934   

Depreciation, depletion, amortization and accretion

   2013     986,393        277        —          986,670   
  2012     550,679        80        —          550,759   

Property and equipment acquisitions, including oil and gas properties

   2013     12,242,765          10,000        —          12,252,765   
  2012     2,634,201        —          —          2,634,201   

 

    For the
Nine
Months
Ended September 30		   Exploration
and
Production		     Pipeline
Transmission		     Corporate     Total  

Revenue

   2013   $ 12,559,344      $ 97,093      $ 28,790      $ 12,685,227   
  2012     5,692,389        285,976        57,561        6,035,926   

Income (Loss) from operations

   2013     2,900,923         21,153        (4,701,132 )      (1,779,056 ) 
  2012     66,835        159,047        (4,487,841 )      (4,261,959 ) 

Interest expense

   2013     10,995,490        —          6,512        11,002,002   
  2012     3,530,819        —          —          3,530,819   

Depreciation, depletion, amortization and accretion

   2013     2,364,950        330        —          2,365,280   
  2012     2,303,566        241        —          2,303,807   

Property and equipment acquisitions, including oil and gas properties

   2013     24,942,086        10,000        —          24,952,086   
  2012     16,974,319        —          —          16,974,319   

Total assets, net of intercompany accounts:

          

September 30, 2013

       83,050,718        15,705          83,066,423   

December 31, 2012

       62,408,692        29,769          62,438,461   

Property and equipment acquisitions include accrued amounts and reclassifications.