Quarterly report pursuant to Section 13 or 15(d)

BUSINESS SEGMENTS

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BUSINESS SEGMENTS
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
BUSINESS SEGMENTS

NOTE 10. 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, 2018
  Three months ended
March 31, 2017
Revenues        
  Oil & Gas   $ 29,980     $ 33,560  
  Oil field services     —         —    
      —         —    
Net Income (Loss)                
  Oil & Gas     (27,272,990 )     (459,222 )
  Oil field services     (4,048 )     (4,048 )
                 
Assets                
  Oil & Gas     23,341,260       13,057,078  
  Oil field services     236,014       181,593  
                 
Accounts Receivable                
  Oil & Gas     18,254       48,201  
  Oil field services   $ —       $ —