Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.7.0.1
Property and Equipment (Tables)
 3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and equipment consists of the following:
Property and Equipment
 
 
March 31, 2017
 
December 31, 2016
Land
 
$
580,000

 
$
580,000

Natural gas pipeline
 
124,288,156

 
124,288,156

Vehicles and trailers
 
570,267

 
570,267

Office equipment and computers
 
267,095

 
267,095

Gross property and equipment
 
$
125,705,518

 
$
125,705,518

Less: accumulated depreciation
 
(10,131,025
)
 
(9,292,712
)
Net property and equipment
 
$
115,574,493

 
$
116,412,806



Depreciation of property and equipment is as follows:
 
For the Three Months Ended
 
March 31, 2017
 
March 31, 2016
Depreciation Expense
$
838,313

 
$
834,905