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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
OIL AND GAS REVENUES $ 173,527 $ 244,848 $ 606,487 $ 500,526
COSTS AND EXPENSES        
Lease operating expenses 42,154 55,849 157,786 130,835
Production taxes 9,547 14,113 34,809 34,716
Dry hole costs 576 87,626 576 91,236
Exploration 27,641 3,082 51,813 18,659
General and administrative expense 656,586 383,458 2,120,214 1,283,901
Impairment 0 11,160 0 11,160
Depletion, depreciation, and amortization 81,952 90,962 252,024 168,861
Total cost and expenses 818,456 646,250 2,617,222 1,739,368
LOSS FROM OPERATIONS (644,929) (401,402) (2,010,735) (1,238,842)
OTHER INCOME (EXPENSE):        
Gain on sale of oil and gas properties 507 20,765 2,160,099 20,765
Management fee income 3,470 0 92,362 0
Interest expense (18,631) 111 (49,639) (835)
Total net other income and expense (14,654) 20,876 2,202,822 19,930
INCOME (LOSS) BEFORE TAX EXPENSE (659,583) (380,526) 192,087 (1,218,912)
TAX EXPENSE 0 0 0 0
NET INCOME (LOSS) (659,583) (380,526) 192,087 (1,218,912)
Less: net income (loss) attributable to non-controlling interest (36,788) (39,470) 977,997 (151,759)
NET LOSS ATTRIBUTABLE TO VICTORY ENERGY CORPORATION $ (622,795) $ (341,056) $ (785,910) $ (1,067,153)
Weighted average shares        
Basic (shares) 28,788,533 27,563,619 28,154,497 27,563,619
Diluted (shares) 28,788,533 27,563,619 28,154,497 27,563,619
Net income (loss) per share, basic and diluted        
Basic (in Dollars per share) $ (0.02) $ (0.01) $ (0.03) $ (0.04)
Diluted (in Dollars per share) $ (0.02) $ (0.01) $ (0.03) $ (0.04)