Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2013

Property And Equipment Tables

Schedule of capitalized costs under the successful efforts method for oil and gas properties

The following table sets forth the capitalized costs under the successful efforts method for oil and natural

gas properties:

	June 30,			December 31,
	2013			2012
Oil and natural gas properties	$	54,125,148		$	34,986,566
Less accumulated depletion and impairment		(18,804,212	)		(9,667,031	)
Net oil and natural gas properties capitalized costs	$	35,320,936		$	25,319,535

Schedule of other property and equipment

The historical cost of other property and equipment, presented on a gross basis with accumulated depreciation is summarized as follows:

	June 30,			December 31,
	2013			2012
Other property and equipment	$	130,469		$	130,470
Less accumulated depreciation		(86,509	)		(77,190	)
Net property and equipment	$	43,960		$	53,280