Quarterly report pursuant to Section 13 or 15(d)

Leases (Details 1)

v2.4.0.6
Leases (Details 1) (USD $)
 1 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Mar. 31, 2013
Feb. 29, 2012
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2010
Mar. 31, 2013
Ultra Petroleum Corporation [Member]
Mar. 31, 2012
Ultra Petroleum Corporation [Member]
Dec. 31, 2012
Ultra Petroleum Corporation [Member]
Dec. 31, 2012
Pinedale Liquids Gathering System [Member]
Mar. 31, 2013
Pinedale Liquids Gathering System [Member]
Mar. 31, 2013
Real Property [Member]
Pinedale Liquids Gathering System [Member]
Mar. 31, 2013
Land Rights [Member]
Pinedale Liquids Gathering System [Member]
Dec. 20, 2012
Minimum [Member]
Pinedale Liquids Gathering System [Member]
Dec. 20, 2012
Maximum [Member]
Pinedale Liquids Gathering System [Member]
Balance Sheet Related Disclosures [Abstract]                                
Current assets $ 19,202,432 $ 5,307,970           $ 129,063   $ 125,848            
Non-current assets               1,906,320   1,881,497            
Total Assets 293,661,985 95,931,078 289,637,020   111,431,833     2,035,383   2,007,345            
Current liabilities 8,290,065 1,552,281           422,094   514,092            
Non-current liabilities               2,175,481   2,071,120            
Total Liabilities 82,819,793 4,446,481 78,965,983   12,576,048     2,597,575   2,585,212            
Shareholder's equity 210,842,192 91,484,597 210,671,037   98,855,785 90,426,313 95,479,173 (562,192)   (577,867)            
Total Liabilities and Shareholder's Equity 293,661,985 95,931,078 289,637,020   111,431,833     2,035,383   2,007,345            
Income Statement [Abstract]                                
Revenues 1,726,901 1,079,612 8,153,817 3,075,554       225,626 226,143              
Expenses 1,826,422 993,919 6,353,378 2,851,918       139,994 193,539              
Operating Income (Loss) (99,521) 85,693 1,800,439 223,636       85,632 32,604              
Other Income (Expense), net (2,342,365) 1,601,084 2,017,792 8,989,319       (67,831) 97,147              
Income before income tax provision (2,441,886)   3,818,231 9,212,955       17,801 129,751              
Income tax provision (920,143) (628,493) 1,020,944 3,465,914       1,368 45,489              
Net Income (Loss) (1,521,743) 1,058,284 2,797,287 5,747,041 12,348,721 2,922,143   16,433 84,262              
Settlement date                     Dec. 20, 2012          
Annual rent payment                             20,000,000 27,500,000
Annual rent escalator                     2.00%          
Deferred lease costs 912,875   903,216   0             903,000        
Deferred costs amortization period                       15 years        
Acquisition costs                       2,500,000        
Estimated useful lives of assets                       26 years        
Fair value of assets acquired                         122,300,000 105,700,000    
Amortiztion expense in year one                           8,800,000    
Amortiztion expense in year two     291,939                     8,800,000    
Amortiztion expense in year three     72,985                     8,800,000    
Amortiztion expense in year four                           8,800,000    
Amortiztion expense in year five                           $ 8,800,000