BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Summary of Operations in Different Segments

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