Quarterly report pursuant to Section 13 or 15(d)

BUSINESS SEGMENTS

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BUSINESS SEGMENTS
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
BUSINESS SEGMENTS

NOTE 7. BUSINESS SEGMENTS

We are a diversified oil and gas company with operations in two segments:

Oil and Gas Exploration and Production – which includes exploration, development, and production of current and potential oil and gas properties.

Oil field services – which includes selling oil field related equipment and providing various oil field related services to the oil and gas industry.

    Three months ended
March 31, 2016		   Three months ended
March 31, 2015
Revenues            
  Oil & Gas   $ 22,999     $ 60,526  
  Oil field services     180,000       —    
      —         —    
Net Income (Loss)                
  Oil & Gas     (451,642 )     (213,280 )
  Oil field services     149,700       —    
                 
Assets                
  Oil & Gas     4,140,901       4,196,016  
  Oil field services     116,561       —    
                 
Accounts Receivable                
  Oil & Gas     67,682       48,633  
  Oil field services   $ —       $ —    

All segment expenses were incurred by the Oil & Gas segment except the cost of equipment sold of $30,300 which was incurred in the three months ended Mar 31, 2016 period.