CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
REVENUE:
Oil and natural gas sales	$ 9,106,483	$ 10,325,380
Well operational and pumping fees	25,011	25,877
Disposal fees	100,803	189,974
Total revenue	9,232,297	10,541,231
COSTS AND EXPENSES:
Production expense	3,925,481	3,909,637
Depletion and depreciation	2,626,300	2,395,000
Exploration expense	462,302	152,650
Impairment of oil and natural gas properties	3,085,787	485,999
Accretion of discount on asset retirement obligations	104,000	96,000
General and administrative	1,741,475	1,206,389
Total costs and expenses	11,945,345	8,245,675
OPERATING INCOME (LOSS)	(2,713,048)	2,295,556
OTHER INCOME (EXPENSE):
Interest income	1,219	2,783
Interest expense	(263,060)	(259,016)
Unrealized gain (loss) on commodity derivatives	4,000	(4,000)
Gain on sale of oil and natural gas property	0	4,000
Miscellaneous	5,443	6,744
Total other expense	(252,398)	(249,489)
INCOME (LOSS) BEFORE INCOME TAXES	(2,965,446)	2,046,067
INCOME TAX EXPENSE - CURRENT	(1,000)	(129,070)
INCOME TAX BENEFIT (EXPENSE) - DEFERRED	1,018,506	(638,000)
TOTAL INCOME TAX BENEFIT (PROVISION)	1,017,506	(767,070)
NET INCOME (LOSS)	$ (1,947,940)	$ 1,278,997
EARNINGS PER (LOSS) SHARE:
BASIC (in dollars per share)	$ (0.24)	$ 0.16
DILUTED (in dollars per share)	$ (0.24)	$ 0.15
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC (in shares)	8,095,731	8,062,167
DILUTED (in shares)	8,095,731	8,385,253