DERIVATIVE INSTRUMENTS AND PRICE RISK MANAGEMENT (Details)		12 Months Ended
		Dec. 31, 2015 USD ($) bbl $ / bbl	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Volumes (Bpl) | bbl		1,800,000
Weighted Average Price (in dollar per barrel) | $ / bbl		77.50
Non-cash gains or losses on derivative contracts [Abstract]
Cash Received (Paid) on Derivatives | $	[1]	$ 161,098,510	$ (7,863,104)	$ (12,198,633)
Non-Cash Gain (Loss) on Derivatives | $		(88,715,603)	171,275,719	(21,259,018)
Gain (Loss) on Derivative Instruments, Net | $		72,382,907	$ 163,412,615	$ (33,457,651)
Crude Oil Collars [Member]
Non-cash gains or losses on derivative contracts [Abstract]
Net cash receipts for crude oil collars | $		$ 202,000
Oil Swap 1 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		180,000
Fixed Price (in dollars per barrel) | $ / bbl		89.00
Oil Swap 1 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jan. 01, 2016
Oil Swap 1 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jun. 30, 2016
Oil Swap 2 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		180,000
Fixed Price (in dollars per barrel) | $ / bbl		90.00
Oil Swap 2 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jan. 01, 2016
Oil Swap 2 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jun. 30, 2016
Oil Swap 3 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		180,000
Fixed Price (in dollars per barrel) | $ / bbl		91.00
Oil Swap 3 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jan. 01, 2016
Oil Swap 3 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jun. 30, 2016
Oil Swap 4 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		180,000
Fixed Price (in dollars per barrel) | $ / bbl		90.00
Oil Swap 4 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jan. 01, 2016
Oil Swap 4 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jun. 30, 2016
Oil Swap 5 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		90,000
Fixed Price (in dollars per barrel) | $ / bbl		90.00
Oil Swap 5 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jan. 01, 2016
Oil Swap 5 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jun. 30, 2016
Oil Swap 6 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		90,000
Fixed Price (in dollars per barrel) | $ / bbl		90.00
Oil Swap 6 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jan. 01, 2016
Oil Swap 6 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jun. 30, 2016
Oil Swap 7 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		180,000
Fixed Price (in dollars per barrel) | $ / bbl		65.00
Oil Swap 7 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jul. 01, 2016
Oil Swap 7 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Dec. 31, 2016
Oil Swap 8 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		180,000
Fixed Price (in dollars per barrel) | $ / bbl		64.93
Oil Swap 8 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jul. 01, 2016
Oil Swap 8 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Dec. 31, 2016
Oil Swap 9 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		90,000
Fixed Price (in dollars per barrel) | $ / bbl		65.00
Oil Swap 9 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jul. 01, 2016
Oil Swap 9 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Dec. 31, 2016
Oil Swap 10 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		180,000
Fixed Price (in dollars per barrel) | $ / bbl		65.00
Oil Swap 10 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jul. 01, 2016
Oil Swap 10 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Dec. 31, 2016
Oil Swap 11 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		180,000
Fixed Price (in dollars per barrel) | $ / bbl		64.93
Oil Swap 11 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jul. 01, 2016
Oil Swap 11 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Dec. 31, 2016
Oil Swap 12 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Oil (in barrels) | bbl		90,000
Fixed Price (in dollars per barrel) | $ / bbl		65.30
Oil Swap 12 [Member] | Minimum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Jul. 01, 2016
Oil Swap 12 [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Settlement period		Dec. 31, 2016
Open Commodity Swap 1 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Volumes (Bpl) | bbl		1,800,000
Weighted Average Price (in dollar per barrel) | $ / bbl		77.50
Open Commodity Swap 2 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Volumes (Bpl) | bbl		0
Weighted Average Price (in dollar per barrel) | $ / bbl		0

[1] Net cash receipts for crude oil collars for the year ended December 31, 2015 include approximately $202,000 of proceeds received from crude oil derivative contracts that were settled in the second quarter of 2015 prior to their contractual maturities.