2.4.0.80010 - Disclosure - Property and Equipmenttruefalsefalse1false
falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001373485duration2013-01-01T00:00:002013-06-30T00:00:001true
1XBOR_PropertyAndEquipmentAbstractXBOR_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse| 1falsefalsefalse00falsefalsefalse | xbrli:stringItemTypestringfalse0
2false
2us-gaap_PropertyPlantAndEquipmentDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse| 1falsefalsefalse00<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: bold 10pt Times New Roman">5 – Property and equipment</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="font: italic bold 10pt Times New Roman; display: inline">Oil and natural gas properties</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">The following table sets forth the capitalized costs under the successful efforts method for oil and natural</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">gas properties:</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman">
<tr>
<td style="vertical-align: bottom; width: 59%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">June 30,</font></div>
</td>
<td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">December 31,</font></div>
</td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr>
<td style="text-align: left; vertical-align: bottom; width: 59%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">  </font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">2013</font></div>
</td>
<td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">2012</font></div>
</td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr>
<td style="vertical-align: bottom; width: 59%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="text-align: left; vertical-align: bottom; width: 59%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Oil and natural gas properties</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%; text-align: left">
<div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 9%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">54,125,148</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%; text-align: left">
<div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 9%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">34,986,566</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: white">
<td style="text-align: left; vertical-align: bottom; width: 59%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Less accumulated depletion and impairment</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 1%; border-bottom: black 2px solid"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 9%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">(18,804,212</font></div>
</td>
<td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">)  </font></td>
<td style="text-align: right; vertical-align: top; width: 1%; border-bottom: black 2px solid"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 9%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">(9,667,031</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">)  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="text-align: left; vertical-align: bottom; width: 59%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Net oil and natural gas properties capitalized costs</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%; border-bottom: black 4px double; text-align: left">
<div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 9%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">35,320,936</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%; border-bottom: black 4px double; text-align: left">
<div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 9%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">25,319,535</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr></table>
</div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">Capitalized costs related to proved oil and natural gas properties, including wells and related equipment and facilities, are evaluated for impairment based on the Company’s analysis of undiscounted future net cash flows. If undiscounted future net cash flows are insufficient to recover the net capitalized costs related to proved properties, then the Company recognizes an impairment charge in income equal to the difference between carrying value and the estimated fair value of the properties. Estimated fair values are determined using discounted cash flow models. The discounted cash flow models include management’s estimates of future oil and natural gas production, operating and development costs, and discount rates.</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">Uncertainties affect the recoverability of these costs as the recovery of the costs outlined above are dependent upon the Company obtaining and maintaining leases and achieving commercial production or sale.</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="font: italic bold 10pt Times New Roman; display: inline">Other property and equipment</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">The historical cost of other property and equipment, presented on a gross basis with accumulated depreciation is summarized as follows:</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman">
<tr>
<td style="vertical-align: bottom; width: 59%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">June 30,</font></div>
</td>
<td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">December 31,</font></div>
</td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr>
<td style="text-align: left; vertical-align: bottom; width: 59%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">  </font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">2013</font></div>
</td>
<td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">2012</font></div>
</td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr>
<td style="vertical-align: bottom; width: 59%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 10%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="text-align: left; vertical-align: bottom; width: 59%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Other property and equipment</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%; text-align: left">
<div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 9%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">130,469</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%; text-align: left">
<div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 9%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">130,470</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: white">
<td style="text-align: left; vertical-align: bottom; width: 59%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Less accumulated depreciation</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 1%; border-bottom: black 2px solid"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 9%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">(86,509</font></div>
</td>
<td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">)  </font></td>
<td style="text-align: right; vertical-align: top; width: 1%; border-bottom: black 2px solid"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 9%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">(77,190</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">)  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="text-align: left; vertical-align: bottom; width: 59%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Net property and equipment</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%; border-bottom: black 4px double; text-align: left">
<div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 9%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">43,960</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="vertical-align: top; width: 1%; border-bottom: black 4px double; text-align: left">
<div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 9%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">53,280</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr></table>
</div>
</div>falsefalsefalse | nonnum:textBlockItemTypenaThe entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13-14)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
false0
falseProperty and EquipmentUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://xbres.com/role/PropertyAndEquipment12