XML 44 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
BUSINESS SEGMENTS

NOTE 12 — 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

    2014    $ 6,667,618       $ 44,256      $ 63,407      $ 6,775,281   
   2013      4,343,739         35,203        25,801        4,404,743   

Income (Loss) from operations

    2014      368,873         (21,715 )      (7,713,446 )      (7,366,288 ) 
   2013      862,737         (10,376 )      (1,855,586 )      (1,003,225 ) 

Interest expense

    2014      2,901,745         —          1,567        2,903,312   
   2013      5,200,033         —          595        5,200,628   

Depreciation, depletion, amortization and accretion

    2014      3,087,854         250        —          3,088,104   
   2013      986,393         277        —          986,670   

Property and equipment acquisitions, including oil and gas properties

    2014      8,056,902         —          6,383        8,063,285   
   2013      12,242,765         10,000        —          12,252,765   
     For the
Nine
Months
Ended September 30		    Exploration
and
Production		      Pipeline
Transmission		     Corporate     Total  

Revenue

    2014    $ 24,816,633       $ 121,875      $ 69,840      $ 25,008,348   
   2013      12,559,344         97,093        28,790        12,685,227   

Income (Loss) from operations

    2014      7,667,821         7,141        (10,689,310 )      (3,014,348 ) 
   2013      2,900,923         21,153        (4,701,132 )      (1,779,056 ) 

Interest expense

    2014      16,703,108         —          6,156        16,709,264   
   2013      10,995,490         —          6,512        11,002,002   

Depreciation, depletion, amortization and accretion

    2014      7,447,943         856        —          7,448,799   
   2013      2,364,950         330        —          2,365,280   

Property and equipment acquisitions, including oil and gas properties

    2014      24,064,991         —          8,470        24,073,461   
   2013      24,942,086         10,000        —          24,952,086   

Total assets, net of intercompany accounts:

             

September 30, 2014

         103,597,410         14,670        —          103,612,080   

December 31, 2013

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

Property and equipment acquisitions include accrued amounts and reclassifications.