STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 33,963,192	$ 52,432,307
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Depletion of Oil and Gas Properties	53,103,221	43,829,309
Depreciation and Amortization	187,142	199,396
Amortization of Debt Issuance Costs	1,160,880	532,264
Amortization of Senior Unsecured Notes Premium	(216,814)	0
Accretion of Discount on Asset Retirement Obligations	61,456	37,453
Deferred Income Taxes	20,230,000	34,660,000
Unrealized Gain on Derivative Instruments	(2,099,013)	(40,434,398)
Amortization of Deferred Rent	(7,327)	(16,615)
Share - Based Compensation Expense	2,307,870	4,296,899
Changes in Working Capital and Other Items:
Decrease (Increase) in Trade Receivables	648,479	(14,644,692)
Increase in Prepaid Expenses and Other	(524,530)	(311,882)
Increase in Accounts Payable	669,303	288,100
Increase in Accrued Interest	1,152,917	2,901,202
(Decrease) Increase in Accrued Expenses	(200,343)	1,792,106
Net Cash Provided By Operating Activities	110,436,433	85,561,449
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Oil and Gas Properties and Development Capital Expenditures	(187,242,287)	(283,868,815)
Proceeds from Sale of Oil and Gas Properties	908,000	0
Purchases of Other Equipment and Furniture	(88,707)	(172,605)
Net Cash Used For Investing Activities	(186,422,994)	(284,041,420)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances on Revolving Credit Facility	58,000,000	322,600,000
Repayments on Revolving Credit Facility	(182,000,000)	(392,500,000)
Issuance of Senior Unsecured Notes	210,500,000	300,000,000
Debt Issuance Costs Paid	(5,757,875)	(11,590,886)
Repurchase of Common Stock	(48,125)	(1,173,315)
Proceeds from Exercise of Stock Options	0	36,260
Net Cash Provided by Financing Activities	80,694,000	217,372,059
NET INCREASE IN CASH AND CASH EQUIVALENTS	4,707,439	18,892,088
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	13,387,998	6,279,587
CASH AND CASH EQUIVALENTS - END OF PERIOD	18,095,437	25,171,675
Supplemental Disclosure of Cash Flow Information
Cash Paid During the Period for Interest	14,246,467	1,922,026
Cash Paid During the Period for Income Taxes	13,614	5,350
Non-Cash Financing and Investing Activities:
Oil and Natural Gas Properties Included in Accounts Payable	103,674,079	138,664,705
Payment of Compensation through Issuance of Common Stock	3,355,237	10,311,964
Capitalized Asset Retirement Obligations	266,451	302,353
Non-Cash Compensation Capitalized on Oil and Gas Properties	$ 1,047,367	$ 6,015,065