CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2012	Dec. 31, 2011
Current Assets
Cash and cash equivalents	$ 158,165	$ 475,623
Accounts receivable - less allowance for doubtful accounts of $200,000, and $0 for 2012 and 2011, respectively	157,481
Prepaid expenses	68,693	29,555
Total current assets	384,339	584,363
Fixed Assets
Furniture and equipment	43,173	10,623
Accumulated depreciation	(5,521)	(3,550)
Total furniture and fixtures, net	37,652	7,073
Producing oil and natural gas properties, net of impairment	2,583,504	2,019,792
Accumulated depletion	(1,145,514)	(1,093,063)
Total oil and gas properties, net	1,437,990	926,729
Total Assets	1,859,981	1,518,165
Current Liabilities
Accounts payable	4,339	326,973
Accrued interest	25,639	150,267
Accrued liabilities	216,444	179,979
Accrued liabilities - related parties	17,504
Liability for unauthorized preferred stock issued	9,283	32,164
Total current liabilities	273,209	689,383
Other Liabilities
Senior secured convertible debenture, net of debt discount		632,534
Asset retirement obligation	39,905	30,004
Total long term liabilities	39,905	1,411,301
Total liabilities	313,114	2,100,684
Stockholders' Equity
Common stock, $0.001 par value, 47,500,000 shares authorized, 27,563,619 shares and 7,647,494 shares issued and outstanding for 2012 and 2011, respectively	402,220	382,308
Additional paid in capital	33,950,417	35,126,462
Accumulated deficit	(35,215,267)	(36,091,289)
Total Victory Energy Corporation stockholders' deficit	(862,630)	(582,519)
Non-controlling interest	2,409,497
Total stockholders' equity	1,546,867	274,874
Total Liabilities and Stockholders' Equity	1,859,981	1,518,165
Restated [Member]
Current Assets
Cash and cash equivalents		475,623
Accounts receivable - less allowance for doubtful accounts of $200,000, and $0 for 2012 and 2011, respectively		79,185
Prepaid expenses		29,555
Total current assets		584,363
Fixed Assets
Furniture and equipment		10,623
Accumulated depreciation		(3,550)
Total furniture and fixtures, net		7,073
Producing oil and natural gas properties, net of impairment		2,134,570
Accumulated depletion		(1,099,211)
Total oil and gas properties, net		1,035,359
Total Assets		1,626,795
Current Liabilities
Accounts payable		326,973
Accrued interest		150,267
Accrued liabilities		179,979
Accrued liabilities - related parties
Liability for unauthorized preferred stock issued		32,164
Total current liabilities		689,383
Other Liabilities
Senior secured convertible debenture, net of debt discount		632,534
Asset retirement obligation		30,004
Total long term liabilities		662,538
Total liabilities		1,351,921
Stockholders' Equity
Common stock, $0.001 par value, 47,500,000 shares authorized, 27,563,619 shares and 7,647,494 shares issued and outstanding for 2012 and 2011, respectively		382,308
Additional paid in capital		26,627,222
Accumulated deficit		(28,475,589)
Total Victory Energy Corporation stockholders' deficit		(1,466,059)
Non-controlling interest		1,740,933
Total stockholders' equity		274,874
Total Liabilities and Stockholders' Equity		$ 1,626,795