CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenues
Oil and gas sales	$ 695,318	$ 735,413
Total revenues	695,318	735,413
Operating Expenses:
Lease operating costs	190,207	203,132
Exploration and dry hole cost	56,351	112,123
Production taxes	34,867	44,218
General and administrative	2,687,405	1,507,740
Impairment of oil and natural gas properties	3,721,042	640,583
Depreciation/depletion/amortization	430,912	378,398
Total operating expenses	7,120,784	2,886,194
Loss from operations	(6,425,466)	(2,150,781)
Other Income (Expense):
Gain on sale of oil and gas properties	2,170,725	20,765
Management fee income	90,785	14,708
Interest expense	(65,181)	(830)
Total other income and expense	2,196,329	34,643
Loss before Tax Benefit	(4,229,137)	(2,116,138)
Tax benefit	0	0
Net loss	(4,229,137)	(2,116,138)
Less: Net loss attributable to non-controlling interest	(1,019,205)	(429,511)
Net loss attributable to Victory Energy Corporation	$ (3,209,932)	$ (1,686,627)
Weighted average shares, basic and diluted (in shares)	28,453,976	27,563,619
Net income (loss) per share, basic and diluted (in dollars per share)	$ (0.11)	$ (0.06)