Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.2.0.727
Property and Equipment
6 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT
Property and equipment consists of the following:
Property and Equipment
 
 
June 30, 2015
 
December 31, 2014
Land
 
$
580,000

 
$
580,000

Natural gas pipeline
 
124,288,307

 
124,297,157

Vehicles and trailers
 
506,958

 
506,958

Office equipment and computers
 
87,697

 
59,027

Gross property and equipment
 
125,462,962

 
125,443,142

Less: accumulated depreciation
 
(4,288,676
)
 
(2,623,020
)
Net property and equipment
 
$
121,174,286

 
$
122,820,122



The amounts of depreciation of property and equipment recognized for the three months ended June 30, 2015 and 2014, were $833 thousand and $71 thousand, respectively, and $1.7 million and $142 thousand, respectively,