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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net (loss) income $ (324,366) $ 19,054
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Deferred income tax benefit (151,947) (17,381)
Stock-based compensation 41,249 24,276
Depreciation, depletion and amortization 417,982 300,815
Accretion of asset retirement obligations $ 8,784 4,835
Loss on derivative instruments   33,628
Changes in assets and liabilities, net of business combinations:    
(Increase) decrease in accounts receivable $ (22,054) 36,754
Decrease (increase) in prepaid expenses $ 8,195 (32,213)
Decrease in noncurrent assets   6,291
Decrease in income tax payable   (6,500)
Increase in accounts payable and accrued expenses $ 302,550 55,600
Net cash provided by operating activities 280,393 425,159
Cash flows from investing activities:    
Additions to oil and gas properties (419,325) (284,223)
Settlement of asset retirement obligations $ (795) (156)
Settlement of derivatives   (19,489)
Proceeds from sale of oil and gas properties and equipment $ 188 125
Net cash used in investing activities $ (419,932) (303,743)
Cash flows from financing activities:    
Reduction of long-term debt   $ (125,000)
Proceeds from long-term debt $ 200,000  
Net cash provided by (used in) financing activities 200,000 $ (125,000)
Net increase (decrease) in cash and cash equivalents 60,461 (3,584)
Cash and cash equivalents at beginning of period 96,084 156,082
Cash and cash equivalents at end of period 156,545 152,498
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 40,523 15,387
Income taxes paid   6,500
Non-cash investing and financing activities:    
Asset retirement obligations $ 3,050 $ 782