Consolidated Statements of Operations (USD $)	10 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010
Revenues:
Oil sales	$ 0	$ 7,148,110	$ 9,504,737
Gas sales	0	547,190	68,075
Operating fees	0	117,360	13,487
Realized gain on price hedges	0	625,043	570,233
Unrealizedlosses price hedges	0	(75,609)	(398,840)
Total revenues	0	8,362,094	9,757,692
Costs and expenses:
Production costs	0	1,514,784	862,042
Production taxes	0	838,714	1,056,244
General and administrative (includes non-cash consideration of $6,656,152, $13,097,346, and $684,778 for the periods ended December 31, 2011, 2010 and 2009)	1,057,306	10,544,347	15,530,248
Depreciation, depletion,accretion, and amortization	0	4,347,117	5,036,648
Impairment of equipment	2,750,000	0	0
Impairment of evaluated properties	0	2,821,176	0
Bad debt expense	0	0	400,000
Fair value of common stock and warrants issued in aborted property acquisitions	8,404,106	0	0
Restructuring and related consulting costs	17,700,000	0	0
Total costs and expenses	29,911,412	20,066,138	22,885,182
Loss from operations	(29,911,412)	(11,704,044)	(13,127,490)
Other income	0	71,253	0
Convertible notes conversion derivative gain	0	3,821,792	0
Interest expense (includes non-cash interest expense of $ 4,993,997, $3,989,649, and $0 for the periods ended December 31, 2011, 2010 and 2009)	31	(8,218,225)	(6,640,209)
Unrealized gain on lock-up	0	0	28,666
Debt inducement expense	0	(2,800,000)	0
Net loss	$ (29,911,381)	$ (18,829,224)	$ (19,739,033)
Earnings per common share
Basic and diluted	$ (12.19)	$ (1.21)	$ (2.15)
Weighted average shares outstanding:
Basic and diluted	2,453,921	15,543,758	9,167,803