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Property And Equipment (Tables)
3 Months Ended
Mar. 31, 2014
Property and Equipment [Abstract]  
Schedule Of Property And Equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

December 31,

 

 

2014

 

 

2013

Oil and gas properties under the full cost method:

 

 

 

 

 

Subject to amortization

$

1,102,962 

 

$

1,084,669 

Not subject to amortization:

 

 

 

 

 

Incurred in 2014

 

23,041 

 

 

 -

Incurred in 2013

 

37,936 

 

 

52,748 

Incurred in 2012

 

134,287 

 

 

138,641 

Incurred prior to 2012

 

175,551 

 

 

177,271 

 

 

1,473,777 

 

 

1,453,329 

Computers, furniture and fixtures

 

8,733 

 

 

8,734 

Total property and equipment

 

1,482,510 

 

 

1,462,063 

 

 

 

 

 

 

Accumulated depreciation, depletion and amortization

 

(428,735)

 

 

(389,912)

 

 

 

 

 

 

Net property and equipment

$

1,053,775 

 

$

1,072,151