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BUSINESS SEGMENTS
 6 Months Ended
Jun. 30, 2014
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 June 30		    Exploration
and
Production		      Pipeline
Transmission		     Corporate     Total  

Revenue

    2014    $ 8,432,592       $ 22,830      $ 1,303      $ 8,456,725   
   2013      4,641,723         26,447        2,988        4,671,158   

Income (Loss) from operations

    2014      2,744,344         (27,472 )      (1,533,174 )      1,183,698   
   2013      1,680,928         (1,024 )      (1,536,847 )      143,057   

Interest expense

    2014      9,673,862         —          896        9,674,758   
   2013      3,897,557         —          1,071        3,898,628   

Depreciation, depletion, amortization and accretion

    2014      2,248,720         250        —          2,248,970   
   2013      739,161         —          —          739,161   

Property and equipment acquisitions, including oil and gas properties

    2014      14,021,282         —          2,087        14,023,369   
   2013      6,276,278         —          709        6,276,987   

 

     For the
Six
Months
Ended June 30		    Exploration
and
Production		      Pipeline
Transmission		      Corporate     Total  

Revenue

    2014    $ 18,149,015       $ 77,619       $ 6,433      $ 18,233,067   
   2013      8,215,606         61,890         2,988        8,280,484   

Income (Loss) from operations

    2014      7,298,948         28,855         (2,975,862 )      4,351,941   
   2013      2,288,186         31,529         (3,095,547 )      (775,832 ) 

Interest expense

    2014      13,801,363         —           4,588        13,805,951   
   2013      5,795,458         —           5,917        5,801,375   

Depreciation, depletion, amortization and accretion

    2014      4,360,089         606         —          4,360,695   
   2013      1,378,556         54         —          1,378,610   

Property and equipment acquisitions, including oil and gas properties

    2014      16,008,089         —           2,087        16,010,176   
   2013      7,654,169         —           5,961        7,660,130   

Total assets, net of intercompany accounts:

              

June 30, 2014

         93,771,803         8,315         —          93,780,118   

December 31, 2013

         90,098,192         17,129         —          90,115,321   

Property and equipment acquisitions include accrued amounts and reclassifications.