BALANCE SHEETS (UNAUDITED) (USD $)	Jun. 30, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash and Cash Equivalents	$ 18,095,437	$ 13,387,998
Trade Receivables	69,571,190	70,219,669
Advances to Operators	1,640,014	3,109,591
Prepaid Expenses and Other	2,800,560	1,707,089
Derivative Instruments	2,504,212	4,095,197
Deferred Tax Asset	3,350,000	1,695,000
Total Current Assets	97,961,413	94,214,544
Oil and Natural Gas Properties, Full Cost Method of Accounting
Proved	1,362,425,608	1,159,191,601
Unproved	81,616,025	82,926,384
Other Property and Equipment	1,400,756	3,158,224
Total Property and Equipment	1,445,442,389	1,245,276,209
Less - Accumulated Depreciation and Depletion	214,952,621	162,031,493
Total Property and Equipment, Net	1,230,489,768	1,083,244,716
DERIVATIVE INSTRUMENTS	7,801,584	1,763,008
DEBT ISSUANCE COSTS, net of accumulated amortization of $4,033,478 at June 30, 2013 and $2,872,598 at December 31, 2012	16,310,025	11,713,030
TOTAL ASSETS	1,352,562,790	1,190,935,298
CURRENT LIABILITIES
Accounts Payable	108,389,431	95,822,162
Accrued Expenses	2,253,743	2,454,085
Accrued Interest	3,333,333	2,180,416
Derivative Instruments	4,749,779	0
Total Current Liabilities	118,726,286	100,456,663
LONG-TERM LIABILITIES
Revolving Credit Facility	0	124,000,000
8% Senior Notes, net of accumulated amortization of bond premium of $216,814 at June 30, 2013 and $0 at December 31, 2012	510,283,186	300,000,000
Derivative Instruments	146,544	2,547,745
Other Noncurrent Liabilities	1,891,210	1,570,630
Deferred Tax Liability	98,060,000	76,175,000
Total Long-Term Liabilities	610,380,940	504,293,375
TOTAL LIABILITIES	729,107,226	604,750,038
COMMITMENTS AND CONTINGENCIES (NOTE 9)
STOCKHOLDERS' EQUITY
Preferred Stock, Par Value $.001; 5,000,000 Authorized, No Shares Outstanding	0	0
Common Stock, Par Value $.001; 95,000,000 Authorized, (6/30/2013 - 63,808,355 Shares Outstanding and 12/31/2012 - 63,532,622 Shares Outstanding)	63,808	63,532
Additional Paid-In Capital	468,773,256	465,466,420
Retained Earnings	154,618,500	120,655,308
Total Stockholders' Equity	623,455,564	586,185,260
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,352,562,790	$ 1,190,935,298