STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
REVENUES
Oil and Gas Sales	$ 80,690,301	$ 43,680,619	$ 216,268,712	$ 106,203,904
Gain (Loss) on Settled Derivatives	1,701,296	(1,824,719)	(4,729,186)	(10,695,006)
Unrealized (Loss) Gain on Derivative Instruments	(22,308,470)	27,105,400	18,125,928	26,675,003
Other Revenue	12,486	88,738	160,752	218,984
Total Revenues	60,095,613	69,050,038	229,826,206	122,402,885
OPERATING EXPENSES
Production Expenses	8,734,636	3,910,859	22,540,237	8,542,761
Production Taxes	8,092,843	4,261,407	20,829,732	10,188,308
General and Administrative Expense	9,467,711	4,073,988	18,568,696	10,113,995
Depletion of Oil and Gas Properties	27,952,585	10,749,384	71,781,894	25,962,463
Depreciation and Amortization	104,830	75,597	304,226	214,205
Accretion of Discount on Asset Retirement Obligations	23,709	7,781	61,162	20,305
Total Expenses	54,376,314	23,079,016	134,085,947	55,042,037
INCOME FROM OPERATIONS	5,719,299	45,971,022	95,740,259	67,360,848
OTHER INCOME (EXPENSE)
Interest Expense	(5,205,822)	(182,499)	(8,130,225)	(425,687)
Interest Income	106	1,699	1,206	567,327
(Loss) Gain on Available for Sale Securities	0	0	0	215,092
Total Other Income (Expense)	(5,205,716)	(180,800)	(8,129,019)	356,732
INCOME BEFORE INCOME TAXES	513,583	45,790,222	87,611,240	67,717,580
INCOME TAX PROVISION	213,422	17,173,000	34,878,772	25,725,300
NET INCOME	300,161	28,617,222	52,732,468	41,992,280
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
Unrealized Gains on Marketable Securities (Net of Tax of $109,000 and for the nine months ended September 30, 2011)	0	0	0	173,846
Reclassification of Derivative Instruments Included in Income (Net of Tax of $119,000 for the three months ended September 30, 2011 and $39,000 and $331,00 for the nine months ended September 30, 2012 and 2011, respectively)	0	176,950	62,309	518,900
Total Other Comprehensive Income	0	176,950	62,309	692,746
COMPREHENSIVE INCOME	$ 300,161	$ 28,794,172	$ 52,794,777	$ 42,685,026
Net Income Per Common Share - Basic (in dollars per share)	$ 0.00	$ 0.46	$ 0.84	$ 0.68
Net Income Per Common Share - Diluted (in dollars per share)	$ 0.00	$ 0.46	$ 0.84	$ 0.68
Weighted Average Shares Outstanding - Basic (in shares)	62,589,256	61,919,641	62,410,110	61,708,537
Weighted Average Shares Outstanding - Diluted (in shares)	62,882,673	62,265,502	62,753,241	62,114,115