STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Oil and gas sales	$ 15,104,629	$ 21,102,823
Gain on settled derivatives	11,477,653	511,451
Gain (loss) on the mark-to-market of derivatives	(6,425,345)	7,793,421
Total revenues	20,156,937	29,407,695
Operating expenses:
Production expenses	3,767,444	2,705,763
Production taxes	1,574,110	2,203,501
General and administrative	3,023,631	2,891,641
Depletion of oil and natural gas properties	9,278,108	9,359,952
Impairment of oil and natural gas properties	71,272,000	0
Accretion of discount on asset retirement obligations	32,574	22,361
Depreciation and amortization	16,295	29,138
Total operating expenses	88,964,162	17,212,356
Net operating income (loss)	(68,807,225)	12,195,339
Other income (expense):
Other income	13,398	0
Interest income	0	972
Interest (expense)	(8,136,248)	(5,285,236)
Total other income (expense)	(8,122,850)	(5,284,264)
Income (loss) before provision for income taxes	(76,930,075)	6,911,075
Provision for income taxes	6,593,040	(2,559,195)
Net income (loss)	$ (70,337,035)	$ 4,351,880
Weighted average common shares outstanding - basic	47,979,990	47,979,990
Weighted average common shares outstanding - fully diluted	47,979,990	49,179,725
Net income (loss) per common share - basic	$ (1.47)	$ 0.09
Net income (loss) per common share - fully diluted	$ (1.47)	$ 0.09