UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
REVENUE:
Oil and natural gas sales	$ 1,090,357	$ 2,904,215
Well operational and pumping fees	1,262	8,950
Disposal fees	25,347	0
Total revenue	1,116,966	2,913,165
COSTS AND EXPENSES:
Production expense	819,393	979,468
Depletion and depreciation	506,800	825,500
Exploration expense	15,497	0
Accretion of discount on asset retirement obligations	26,000	26,000
General and administrative	373,327	495,552
Total costs and expenses	1,741,017	2,326,520
OPERATING INCOME (LOSS)	(624,051)	586,645
OTHER INCOME (EXPENSE):
Interest income	122	323
Interest expense	(63,445)	(68,452)
Unrealized loss on commodity derivatives	0	(46,209)
Miscellaneous	6,620	629
Total other expense	(56,703)	(113,709)
INCOME (LOSS) BEFORE INCOME TAXES	(680,754)	472,936
INCOME TAX EXPENSE - CURRENT	0	(64,000)
INCOME TAX BENEFIT (EXPENSE) - DEFERRED	231,000	(101,000)
TOTAL INCOME TAX PROVISION	231,000	(165,000)
NET INCOME (LOSS)	$ (449,754)	$ 307,936
EARNINGS PER SHARE:
BASIC (in dollars per share)	$ (0.06)	$ 0.04
DILUTED (in dollars per share)	$ (0.06)	$ 0.03
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC (in shares)	8,135,274	8,066,336
DILUTED (in shares)	8,135,274	8,953,701