Oil and natural gas properties (under successful efforts accounting)

9 Months Ended

Sep. 30, 2014

Extractive Industries [Abstract]

Oil and natural gas properties

Oil and natural gas properties (under successful efforts accounting)

Oil and natural gas properties are comprised of the following:

	September 30, 2014			December 31, 2013
Oil and natural gas properties	$	6,619,685		$	3,715,648
Less: accumulated depletion	(1,553,356		)	(1,517,836		)
Oil and natural gas properties, net	$	5,066,329		$	2,197,812

Depletion, depreciation, accretion, and amortization expense for the three months ended September 30, 2014 and 2013 was $81,952 and $90,962, respectively, and for the nine months ended September 30, 2014 and 2013 was $252,024 and $168,861, respectively.