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Business Segments
 9 Months Ended
Sep. 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 September 30		     Exploration
and
Production		     Pipeline
Transmission		     Corporate     Total  

Revenue

     2016      $ 2,226,936      $ 24,168      $ —        $ 2,251,104   
    2015      $ 2,662,511      $ 45,845      $ 2,765      $ 2,711,121   

Income (Loss) from operations

     2016        (977,140 )      26,769        (1,678,877 )      (2,629,248 ) 
    2015        (675,929 )      22,719        (752,871 )      (1,406,081 ) 

Interest expense

     2016        7,449,447        —          43        7,449,490   
    2015        6,114,306        —          2,708        6,117,014   

Depreciation, depletion, amortization and accretion

     2016        1,754,307        167        8,257        1,762,731   
    2015        961,880        250        17,436        979,566   

Property and equipment acquisitions, including oil and gas properties

     2016        512,575        —          13,303        525,878   
    2015        (79,082 )      —          —          (79,082 ) 
    For the
Nine
Months
Ended September 30		     Exploration
and
Production		     Pipeline
Transmission		     Corporate     Total  

Revenue

     2016      $ 7,575,156      $ 68,194      $ 133      $ 7,643,483   
    2015      $ 10,668,175      $ 129,734      $ 8,679      $ 10,806,588   

Income (Loss) from operations

     2016        (11,197,480 )      43,674        (3,634,008 )      (14,787,814 ) 
    2015        (4,207,934 )      74,856        (3,772,411 )      (7,905,489 ) 

Interest expense

     2016        21,469,571        —          2,091        21,471,662   
    2015        12,276,046        —          4,448        12,280,494   

Depreciation, depletion, amortization and accretion

     2016        12,261,293        667        26,875        12,288,835   
    2015        5,313,113        750        57,160        5,371,023   

Property and equipment acquisitions, including oil and gas properties

     2016        (223,820 )      —          13,303        (210,517 ) 
    2015        114,515        —          5,168        119,683   

Total assets, net of intercompany accounts:

          

September 30, 2016

       77,866,823        70,893        —          77,937,716   

December 31, 2015

       93,265,585        47,322        —          93,312,907   

Property and equipment acquisitions include accrued amounts and reclassifications.