11. Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Level 1 [Member]
Assets
Cash and cash equivalents	$ 228,194	$ 94,682
Derivative Instruments (crude oil swaps and collars)	0	0
Total assets	228,194	94,682
Liabilities
Revolving credit facilities and long term debt, net of discounts	0	0
Total Liabilities	0	0
Total Assets and Liablilties	228,194	94,682
Level 2 [Member]
Assets
Cash and cash equivalents	0	0
Derivative Instruments (crude oil swaps and collars)	1,154,400	7,579,745
Total assets	1,154,400	7,579,745
Liabilities
Revolving credit facilities and long term debt, net of discounts	60,350,629	51,834,603
Total Liabilities	60,350,629	51,834,603
Total Assets and Liablilties	(59,196,229)	(44,254,858)
Level 3 [Member]
Assets
Cash and cash equivalents	0	0
Derivative Instruments (crude oil swaps and collars)	0	0
Total assets	0	0
Liabilities
Revolving credit facilities and long term debt, net of discounts	0	0
Total Liabilities	0	0
Total Assets and Liablilties	$ 0	$ 0