Wireless capsule endoscopy (WCE) provides an inner view of the human digestive system. The inner tubular like structure of the intestinal tract consists of two major regions: lumen - intermediate region where the capsule moves, mucosa - membrane lining the lumen cavities. We study the use of the Split Bregman version of the extended active contour model of Chan and Vese for segmenting mucosal regions in WCE videos. Utilizing this segmentation we obtain a 3D reconstruction of the mucosal tissues using a near source perspective shape-from-shading (SfS) technique. Numerical results indicate that the active contour based segmentation provides better segmentations compared to previous methods and in turn gives better 3D reconstructions of mucosal regions.