Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current Assets | ' | ' |
Cash | $8,600 | $17,089 |
Accounts Receivable | 48,915 | 18,332 |
Total Current Assets | 57,515 | 35,421 |
Pipeline, net of accumulated depreciation of $330,195 and $245,156, respectively | 778,428 | 742,844 |
Producing Oil & Gas Properties, net of accumulated depletion of $836,195 and $731,795, respectively | 1,773,278 | 1,424,729 |
Other Depreciable Equipment, net of accumulated depreciation of $88,693 and $45,361, respectively | 638,599 | 71,915 |
Other Assets | 31,531 | 34,790 |
TOTAL ASSETS | 3,279,351 | 2,309,699 |
Current Liabilities | ' | ' |
Bank Overdraft | 61,737 | ' |
Accounts Payable--Trade | 1,382,699 | 716,140 |
Accounts Payable--Related Party | 214,239 | 18,082 |
Accrued Liabilities | 544,690 | 375,284 |
Derivative Liability | 85,926 | ' |
Notes Payable-- short-term | 484,679 | 170,500 |
Total Current Liabilities | 2,773,970 | 1,280,006 |
Asset Retirement Obligation | 222,000 | 40,278 |
Common Stock Issuance Liability | 1,525,829 | 5,904,090 |
Notes Payable--long-term | 275,000 | 250,000 |
TOTAL LIABILITIES | 4,796,799 | 7,474,374 |
STOCKHOLDERS' EQUITY | ' | ' |
Series A, $0.001 par value, 1,000 shares designated, issued and outstanding | 1 | 1 |
Series B, $0.001 par value, 5,910,000 shares designated, 1,389,218 and 5,910,000 shares issued and outstanding, respectively | 1,389 | 5,910 |
Common Stock, $0.001 par value, 1,000,000,000 shares authorized, 164,190,038 and 11,976,942 issued and outstanding, respectively | 164,190 | 11,977 |
Additional Paid-In Capital | 20,313,750 | 14,638,660 |
Accumulated Deficit | -21,996,778 | -19,821,223 |
Total Stockholders' Equity | -1,517,448 | -5,164,675 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $3,279,351 | $2,309,699 |