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Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Dec. 31, 2014
Current assets      
Cash and cash equivalents $ 5,990,000 $ 4,321,456 $ 9,992,477
Accounts receivable:      
Oil, natural gas liquid and natural gas sales 4,879,000 5,043,398 8,987,525
Joint interest owners and other 884,000 1,305,146 7,933,752
Related parties   279,043 562,634
Derivative financial instruments 8,538,000 33,218,474 31,045,260
Prepaid expenses and other 1,749,000 723,988 654,880
Total current assets 22,040,000 44,891,505 59,176,528
Oil and gas properties, net, using the successful efforts method of accounting 432,169,000 488,099,597 481,079,275
Oil and gas properties held for sale 18,120,000    
Other property and equipment, net 1,963,000 2,223,399 2,366,013
Derivative financial instruments 315,000 2,864,372 12,713,295
Other noncurrent assets 2,185,000 1,580,000  
Other noncurrent assets including deferred financing costs on bonds   3,364,621 3,608,331
Restricted certificates of deposit 78,000 77,397 125,980
Total assets 476,870,000 539,736,000 559,069,422
Current liabilities      
Accounts payable 9,410,000 18,027,156 30,650,081
Accounts payable - related parties 175,000 44,848 192,187
Oil, natural gas liquid and natural gas sales payable 3,475,000 3,870,464 4,961,510
Accrued liabilities 12,450,000 8,276,085 11,605,120
Accrued liabilities - related parties 356,000 125,000  
Current income tax payable 5,581,000    
Derivative financial instruments 420,000    
Total current liabilities 31,867,000 30,343,553 47,408,898
Long-term debt net of deferred financing costs on bonds 277,688,000 301,926,000  
Long-term debt   303,710,512 264,613,529
Deferred tax liability   16,013,276 31,510,744
Other non-current liabilities 1,000,000 1,000,000 1,000,000
Equity warrant liability 5,738,000    
Asset retirement obligations 2,636,000 7,487,501 6,834,615
Asset retirement obligations - Held for sale 4,505,000    
Derivative financial instruments 78,000    
Total liabilities 323,512,000 356,770,000 351,367,786
Commitments and contingencies
Stockholders' equity      
Common stock   142,637,636 142,637,636
Additional paid-in capital 15,303,000 10,270,288 7,685,177
Accumulated other comprehensive loss   (760,366) (772,633)
Retained (deficit) earnings (4,583,000) 30,818,491 58,151,456
Total stockholders' equity 153,358,000 182,966,049 207,701,636
Total liabilities and stockholders' equity 476,870,000 539,736,000 $ 559,069,422
Class A Voting Common Stock      
Stockholders' equity      
Common stock $ 142,638,000 142,637,636  
Scenario, Previously Reported      
Accounts receivable:      
Total assets   541,520,891  
Current liabilities      
Total liabilities   358,554,842  
Stockholders' equity      
Total liabilities and stockholders' equity   $ 541,520,891