UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,287,945	$ 1,816,363
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of oil and natural gas properties	(4,000)	0
Unrealized (gain) loss on commodity derivatives	50,000	(99,000)
Depletion and depreciation	1,515,500	1,477,500
Exploration expense	152,650	0
Accretion of discount on asset retirement obligations	72,000	68,000
Deferred income tax expense	692,000	930,000
Changes in current assets and liabilities:
Accounts receivable	(702,008)	(394,934)
Income taxes receivable	(145,866)	(17,575)
Prepaid expenses and other assets	(23,542)	69,396
Accounts payable and accrued expenses	416,769	(1,100,244)
Oil and gas revenues payable	48,452	16,128
Other	0	(206)
Net cash provided by operating activities	3,359,900	2,765,428
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to oil and natural gas properties	(1,257,226)	(3,666,153)
Proceeds from the sale of oil and natural gas properties	5,000	0
Net cash used in investing activities	(1,252,226)	(3,666,153)
CASH FLOWS FROM FINANCING ACTIVITIES:
Sale of common stock	0	193,589
Common stock issued from the exercise of warrants	89,600	0
Net cash provided by financing activities	89,600	193,589
NET CHANGE IN CASH AND CASH EQUIVALENTS	2,197,274	(707,136)
CASH AND CASH EQUIVALENTS, beginning of the period	1,408,075	2,037,593
CASH AND CASH EQUIVALENTS, end of the period	3,605,349	1,330,457
SUPPLEMENTAL INFORMATION:
Cash paid during the period for interest	199,406	196,194
Cash paid during the period for taxes	249,301	5,410
Capital items in accounts payable	$ 1,927,840	$ 0