Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Asset Retirement Obligations

The following table is a reconciliation of the ARO liability for the twelve months ended December 31, 2014 and 2013.

	Years Ended December 31,
	2014			2013
Asset retirement obligation at beginning of period	$	51,954		$	39,905
Liabilities incurred	3,721			8,930
Revisions to previous estimates and sales of properties	(14,821		)	—
Accretion expense	3,360			3,119
Asset retirement obligation at end of period	$	44,214		$	51,954

Schedule of Common Stock and Common Stock Equivalents

The following table outlines outstanding common stock shares and common stock equivalents.

	Years Ended December 31,
	2014	2013
Common Stock Shares Outstanding	29,202,826	27,563,619
Common Stock Equivalents Outstanding
Warrants	5,933,454	4,793,454
Stock Options	610,000	150,000
Unconverted Class B Shares	137,932	137,932
Total Common Stock Equivalents Outstanding	6,681,386	5,081,386