CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
REVENUE:
Oil and natural gas sales	$ 10,240,628	$ 7,109,325
Well operational and pumping fees	68,265	68,265
Disposal fees	93,996	58,270
Total revenue	10,402,889	7,235,860
COSTS AND EXPENSES:
Lease operating	3,326,624	2,447,544
Depletion and depreciation	2,092,000	1,118,000
Impairment of oil and natural gas properties	204,190	1,357,339
Accretion of discount on asset retirement obligations	91,000	84,000
General and administrative	1,600,566	1,066,020
Total costs and expenses	7,314,380	6,072,903
OPERATING INCOME	3,088,509	1,162,957
OTHER INCOME (EXPENSE):
Interest income	2,389	5,054
Interest expense	(264,120)	(238,795)
Realized gain on commodity derivatives	254,151	0
Gain (loss) on sale of oil and natural gas property	204,000	(10,670)
Miscellaneous	1,334	71,018
Total other income (expense)	197,754	(173,393)
INCOME BEFORE INCOME TAXES	3,286,263	989,564
INCOME TAX PROVISION - current	(312,000)	(12,000)
INCOME TAX PROVISION - deferred	(862,000)	(375,000)
TOTAL INCOME TAX PROVISION	(1,174,000)	(387,000)
NET INCOME	$ 2,112,263	$ 602,564
EARNINGS PER SHARE:
BASIC (in dollars per share)	$ 0.26	$ 0.08
DILUTED (in dollars per share)	$ 0.25	$ 0.08
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic (in shares)	8,006,959	8,015,878
Diluted (in shares)	8,452,429	8,015,878