Business Segments

6 Months Ended

Jun. 30, 2016

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 June 30		Exploration and Production			Pipeline Transmission		Corporate			Total
Revenue		2016	$	2,871,513		$	24,564	$	—		$	2,896,077
		2015	$	3,620,627		$	41,173	$	4,137		$	3,665,937
(Loss) income from operations		2016		(2,904,890	)		10,299		(1,116,385	)		(4,010,976	)
		2015		(3,110,429	)		22,557		(1,820,220	)		(4,908,092	)
Interest expense		2016		7,129,332			—		232			7,129,564
		2015		3,046,382			—		1,361			3,047,743
Depreciation, depletion, amortization and accretion		2016		3,254,529			250		8,504			3,263,283
		2015		2,568,920			250		19,457			2,588,627
Property and equipment acquisitions, including oil and gas properties		2016		235,898			—		—			235,898
		2015		(6,914,445	)		—		2,929			(6,911,516	)

	For the Six Months Ended June 30		Exploration and Production			Pipeline Transmission		Corporate			Total
Revenue		2016	$	5,348,220		$	44,026	$	133		$	5,392,379
		2015	$	8,005,664		$	83,889	$	5,914		$	8,095,467
Income (Loss) from operations		2016		(10,220,341	)		16,905		(1,955,130	)		(12,158,566	)
		2015		(3,532,005	)		52,137		(3,019,540	)		(6,499,408	)
Interest expense		2016		14,020,124			—		2,048			14,022,172
		2015		6,161,740			—		1,740			6,163,480
Depreciation, depletion, amortization and accretion		2016		10,506,986			500		18,618			10,526,104
		2015		4,351,233			500		39,724			4,391,457
Property and equipment acquisitions, including oil and gas properties		2016		(736,395	)		—		—			(736,395	)
		2015		193,597			—		5,168			198,765
Total assets, net of intercompany accounts:
June 30, 2016				79,208,705			78,265		—			79,286,970
December 31, 2015				93,265,585			47,322		—			93,312,907

Property and equipment acquisitions include accrued amounts and reclassifications.