CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
REVENUE:
Oil and natural gas sales	$ 10,325,380	$ 10,240,628
Well operational and pumping fees	25,877	68,265
Disposal fees	189,974	93,996
Total revenue	10,541,231	10,402,889
COSTS AND EXPENSES:
Lease operating	3,909,637	3,326,624
Depletion and depreciation	2,395,000	2,092,000
Exploration expense	152,650	0
Impairment of oil and natural gas properties	485,999	204,190
Accretion of discount on asset retirement obligations	96,000	91,000
General and administrative	1,206,389	1,600,566
Total costs and expenses	8,245,675	7,314,380
OPERATING INCOME	2,295,556	3,088,509
OTHER INCOME (EXPENSE):
Interest income	2,783	2,389
Interest expense	(259,016)	(264,120)
Unrealized loss on commodity derivatives	(4,000)	0
Realized gain on commodity derivatives	0	254,151
Gain on sale of oil and natural gas property	4,000	204,000
Miscellaneous	6,744	1,334
Total other income (expense)	(249,489)	197,754
INCOME BEFORE INCOME TAXES	2,046,067	3,286,263
INCOME TAX PROVISION - current	(129,070)	(312,000)
INCOME TAX PROVISION - deferred	(638,000)	(862,000)
TOTAL INCOME TAX PROVISION	(767,070)	(1,174,000)
NET INCOME	$ 1,278,997	$ 2,112,263
EARNINGS PER SHARE:
BASIC (in dollars per share)	$ 0.16	$ 0.26
DILUTED (in dollars per share)	$ 0.15	$ 0.25
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic (in shares)	8,062,167	8,006,959
Diluted (in shares)	8,385,253	8,452,429