BUSINESS SEGMENTS |
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Segment Reporting [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
BUSINESS SEGMENTS |
NOTE 13. 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.
During 2017, all segment expenses incurred by the oil and gas segment. During the year ended December 31, 2016, all segment expenses incurred by the oil and gas segment except the cost of equipment sold of $33,330, which was incurred by the oil field services segment. |