CRUDE OIL AND NATURAL GAS PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2015

CRUDE OIL AND NATURAL GAS PROPERTIES [Abstract]

Summary of capitalized costs excluded from depletion

The following is a summary of capitalized costs excluded from depletion at December 31, 2015 by year incurred.

	Year Ended December 31,
	2015		2014		2013		Prior Years
Property Acquisition	$	1,020,769	$	5,537,321	$	2,385,212	$	1,064,227
Development		-		-		-		-
Total	$	1,020,769	$	5,537,321	$	2,385,212	$	1,064,227