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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 1,436,762us-gaap_CashAndCashEquivalentsAtCarryingValue $ 978,145us-gaap_CashAndCashEquivalentsAtCarryingValue
Certificates of deposit 0us-gaap_CertificatesOfDepositAtCarryingValue 30,815us-gaap_CertificatesOfDepositAtCarryingValue
Accounts receivable:    
Oil and natural gas sales 518,305fpp_OilAndNaturalGasSalesReceivable 589,643fpp_OilAndNaturalGasSalesReceivable
Joint interest billings, less allowance for doubtful accounts of approximately $174,000 each period 289,988fpp_JointInterestBillingsReceivable 309,417fpp_JointInterestBillingsReceivable
Prepaid income taxes 352,522us-gaap_PrepaidTaxes 350,486us-gaap_PrepaidTaxes
Deferred income tax asset-current 89,000us-gaap_DeferredTaxAssetsNetCurrent 98,000us-gaap_DeferredTaxAssetsNetCurrent
Prepaid expenses and other current assets 78,777us-gaap_PrepaidExpenseAndOtherAssetsCurrent 74,032us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 2,765,354us-gaap_AssetsCurrent 2,430,538us-gaap_AssetsCurrent
PROPERTY AND EQUIPMENT:    
Oil and natural gas properties (successful efforts method) 40,954,310us-gaap_OilAndGasPropertySuccessfulEffortMethodGross 40,873,612us-gaap_OilAndGasPropertySuccessfulEffortMethodGross
Other equipment 108,460us-gaap_PropertyPlantAndEquipmentOther 108,460us-gaap_PropertyPlantAndEquipmentOther
Less accumulated depletion and depreciation (21,021,781)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (20,514,981)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Net property and equipment 20,040,989us-gaap_PropertyPlantAndEquipmentNet 20,467,091us-gaap_PropertyPlantAndEquipmentNet
Total assets 22,806,343us-gaap_Assets 22,897,629us-gaap_Assets
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 945,946us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 546,731us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Oil and gas revenues payable 456,049us-gaap_OilAndGasSalesPayableCurrent 315,954us-gaap_OilAndGasSalesPayableCurrent
Total current liabilities 1,401,995us-gaap_LiabilitiesCurrent 862,685us-gaap_LiabilitiesCurrent
LONG-TERM DEBT 7,240,000us-gaap_LongTermDebtNoncurrent 7,240,000us-gaap_LongTermDebtNoncurrent
DEFERRED INCOME TAXES 1,824,000us-gaap_DeferredTaxLiabilitiesNoncurrent 2,064,000us-gaap_DeferredTaxLiabilitiesNoncurrent
ASSET RETIREMENT OBLIGATION 1,792,409us-gaap_AssetRetirementObligationsNoncurrent 1,763,043us-gaap_AssetRetirementObligationsNoncurrent
Total liabilities 12,258,404us-gaap_Liabilities 11,929,728us-gaap_Liabilities
STOCKHOLDERS' EQUITY:    
Common stock, $.01 par value, 75,000,000 shares authorized; 9,062,385 and 9,052,385 shares issued, respectively, and 8,135,385 and 8,125,385 outstanding, respectively 90,623us-gaap_CommonStockValue 90,523us-gaap_CommonStockValue
Additional paid-in capital 12,146,179us-gaap_AdditionalPaidInCapitalCommonStock 12,116,487us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 278,029us-gaap_RetainedEarningsAccumulatedDeficit 727,783us-gaap_RetainedEarningsAccumulatedDeficit
Treasury stock, 927,000 shares, each period, at cost (1,966,892)us-gaap_TreasuryStockValue (1,966,892)us-gaap_TreasuryStockValue
Total stockholders' equity 10,547,939us-gaap_StockholdersEquity 10,967,901us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 22,806,343us-gaap_LiabilitiesAndStockholdersEquity $ 22,897,629us-gaap_LiabilitiesAndStockholdersEquity