STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES
Oil and Gas Sales	$ 202,638,640	$ 431,605,015	$ 369,187,120
Gain (Loss) on Derivative Instruments, Net	72,382,907	163,412,615	(33,457,651)
Other Revenue	35,866	9,112	44,402
Total Revenues	275,057,413	595,026,742	335,773,871
OPERATING EXPENSES
Production Expenses	52,107,984	55,695,615	41,859,135
Production Taxes	21,566,634	43,674,010	34,958,975
General and Administrative Expense	19,042,004	17,602,306	16,575,440
Depletion, Depreciation, Amortization and Accretion	137,769,812	172,883,554	124,383,374
Impairment	1,163,959,246	0	0
Total Expenses	1,394,445,680	289,855,485	217,776,924
INCOME (LOSS) FROM OPERATIONS	(1,119,388,267)	305,171,257	117,996,947
OTHER INCOME (EXPENSE)
Other Income (Expense)	(30,091)	47,364	(453,241)
Interest Expense, Net of Capitalization	(58,360,387)	(42,105,676)	(32,709,056)
Total Other Income (Expense)	(58,390,478)	(42,058,312)	(33,162,297)
INCOME (LOSS) BEFORE INCOME TAXES	(1,177,778,745)	263,112,945	84,834,650
INCOME TAX PROVISION (BENEFIT)	(202,424,204)	99,367,000	31,767,614
NET INCOME (LOSS)	$ (975,354,541)	$ 163,745,945	$ 53,067,036
Net Income (Loss) Per Common Share - Basic (in dollars per share)	$ (16.08)	$ 2.70	$ 0.85
Net Income (Loss) Per Common Share - Diluted (in dollars per share)	$ (16.08)	$ 2.69	$ 0.85
Weighted Average Shares Outstanding - Basic (in shares)	60,652,447	60,691,701	62,364,957
Weighted Average Shares Outstanding - Diluted (in shares)	60,652,447	60,860,769	62,747,298