BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Operations in Different Segments

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


	For the Year Ended December 31,		Exploration and Production			Pipeline Transmission		Corporate			Total

Revenue		2013	$	18,174,524		$	158,937	$	32,097		$	18,365,558
		2012	$	11,356,626		$	323,395	$	75.400		$	11,755,421
Income (Loss) from operations		2013		9,302,666			70,263		(6,194,412	)		3,178,517
		2012		(9,065,844	)		172,146		(5,840,252	)		(14,733,950	)
Interest expense		2013		15,047,619			—		—			15,047,619
		2012		5,738,803			—		—			5,738,803
Depreciation, depletion, amortization and accretion		2013		5,751,781			580					5,752,361
		2012		3,778,242			321					3,778,563
Property and equipment acquisitions, including oil and gas properties		2013		29,698,602			10,000		9,141			29,717,743
		2012		25,080,332					93,244			25,173,576

Total assets, net of intercompany accounts:

December 31, 2013				90,098,192			17,129					90,115,321
December 31, 2012				62,408,692			29,769					62,438,461

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details