Quarterly report pursuant to Section 13 or 15(d)

Leases (Details 1)

v2.4.0.8
Leases (Details 1) (USD $)
 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended 3 Months Ended
Dec. 31, 2012
Jun. 30, 2013
May 31, 2012
Jun. 30, 2013
May 31, 2012
Nov. 30, 2012
Nov. 30, 2011
Jun. 30, 2013
Ultra Petroleum Corporation [Member]
Mar. 31, 2012
Ultra Petroleum Corporation [Member]
Jun. 30, 2013
Ultra Petroleum Corporation [Member]
Jun. 30, 2012
Ultra Petroleum Corporation [Member]
Dec. 31, 2012
Ultra Petroleum Corporation [Member]
Dec. 31, 2012
Pinedale Liquids Gathering System [Member]
Jun. 30, 2013
Pinedale Liquids Gathering System [Member]
Jun. 30, 2013
Real Property [Member]
Pinedale Liquids Gathering System [Member]
Jun. 30, 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               $ 120,814   $ 120,814   $ 125,848            
Non-current assets               1,942,064   1,942,064   1,881,497            
Total Assets   288,661,953   288,661,953   111,431,833   2,062,878   2,062,878   2,007,345            
Current liabilities               387,404   387,404   514,092            
Non-current liabilities               2,116,587   2,116,587   2,071,120            
Total Liabilities   81,139,978   81,139,978   12,576,048   2,503,991   2,503,991   2,585,212            
Shareholder's equity 210,842,192 207,521,975   207,521,975   98,855,785 90,426,313 (441,113)   (441,113)   (577,867)            
Total Liabilities and Shareholder's Equity   288,661,953   288,661,953   111,431,833   2,062,878   2,062,878   2,007,345            
Income Statement [Abstract]                                    
Revenues   7,568,016 2,078,202 15,721,833 5,153,756     261,376 170,270 487,003 396,413              
Expenses   5,967,747 2,178,838 12,321,125 5,030,756     143,002 2,055,200 282,996 2,248,740              
Operating Income (Loss)   1,600,269 (100,636) 3,400,708 123,000     118,374 (1,884,930) 204,007 (1,852,327)              
Other Income (Expense), net   (935,550) 3,267,558 1,082,242 12,256,877     (506) (56,694) (68,337) 40,452              
Income (Loss) before income tax provision (benefit)   664,719 3,166,922 4,482,950 12,379,877     117,868 (1,941,624) 135,670 (1,811,875)              
Income tax provision (benefit)   241,754 1,190,162 1,262,698 4,656,076     1,491 (754,642) 2,859 (709,152)              
Net Income (1,521,743) 422,965 1,976,760 3,220,252 7,723,801 12,348,721   116,377 (1,186,982) 132,811 (1,102,723)              
Settlement date                         Dec. 20, 2012          
Annual rent payment                                 20,000,000 27,500,000
Annual rent escalator                         2.00%          
Deferred lease costs   887,874   887,874   0               888,000        
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   291,939                       8,800,000    
Amortiztion expense in year three   72,985   72,985                       8,800,000    
Amortiztion expense in year four                               8,800,000    
Amortiztion expense in year five                               $ 8,800,000