BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 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 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