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CRUDE OIL AND NATURAL GAS PROPERTIES - Aggregate Capitalized Costs (Details) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
CRUDE OIL AND NATURAL GAS PROPERTIES    
Proved oil and gas properties $ 16,412,110 $ 8,132,881
Unproved oil and gas properties 4,923,814 4,092,550
Wells in progress 403,563 2,168,092
Total capitalized costs 21,739,487 14,393,523
Accumulated depletion, depreciation and amortization (1,229,486) (783,320)
Net capitalized costs $ 20,510,001 $ 13,610,203