Notes Payable (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Summary of Components of Total Debt

The following table summarizes the components of total debt recorded on the Company’s consolidated balance sheets as of June 30, 2016 and December 31, 2015:

	June 30,			December 31,
	2016			2015
	(unaudited)			(audited)
Credit Agreement - Morgan Stanley		132,316,441			121,493,646
Credit Agreement - Morgan Stanley PIK Fee		1,864,441			1,711,940
Credit Agreement - Morgan Stanley NPI		(1,071,457	)		(2,142,915	)
M3 Appalachia Gathering LLC Note Payable		2,332,296			2,134,018
Debt issuance costs		(1,775,092	)		(3,550,184	)
Total debt	$	133,666,629		$	119,646,505