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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]        
OIL AND GAS REVENUE $ 56,805 $ 170,311 $ 230,278 $ 204,566
EXPENSES OF OPERATIONS        
Lease operating expense and severance tax 24,528 32,398 73,859 52,030
General and administrative expense 473,942 656,473 1,763,494 2,830,338
Depreciation and depletion 71,254 7,688 126,677 15,890
Total operating expenses 569,724 696,559 1,964,030 2,898,258
Gain on sale of oil and gas property 0 0 0 86,025
Loss from operations (512,919) (526,248) (1,733,752) (2,607,667)
OTHER INCOME (EXPENSE)        
Interest income 1,723 1,486 4,900 14,417
Other expense 0 0 (3) (19,289)
Total other income (expense) 1,723 1,486 4,897 (4,872)
Net loss before taxes (511,196) (524,762) (1,728,855) (2,612,539)
Income tax expense (benefit) 457 1,702 1,810 (13,633)
Net loss $ (511,653) $ (526,464) $ (1,730,665) $ (2,598,906)
Basic and diluted loss per common share (in dollars per share) $ (0.01) $ (0.01) $ (0.03) $ (0.05)
Basic and diluted weighted average common shares outstanding (in shares) 52,169,945 52,173,359 52,169,945 52,177,792