Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,173,230	$ 1,113,169
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on sale and abandonment of oil and gas property	80,441
Unrealized gain on commodity derivatives	(164,000)
Depletion and depreciation	793,500	835,000
Deferred income tax expense	650,000	400,000
Accretion of discount on asset retirement obligations	63,000	60,000
Changes in current assets and liabilities:
Accounts receivable	49,547	37,582
Prepaid expenses and other current assets	(117,550)	(190,084)
Accounts payable and accrued expenses	(125,459)	(25,529)
Oil and natural gas revenues payable	42,145	(3,106)
Other	(36)	(86)
Net cash provided by operating activities	2,444,818	2,226,946
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and natural gas properties	(462,491)	(393,218)
Proceeds from the sale of oil and natural gas properties	68,330
Acquisition of transportation equipment	(27,485)
Net cash used in investing activities	(421,646)	(393,218)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury shares	(323,373)	(623,315)
Net cash used in financing activities	(323,373)	(623,315)
NET INCREASE IN CASH AND CASH EQUIVALENTS	1,699,799	1,210,413
CASH AND CASH EQUIVALENTS, beginning of the period	984,770	657,942
CASH AND CASH EQUIVALENTS, end of the period	$ 2,684,569	$ 1,868,355