BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2014

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 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