Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Schedule of Adjusted Purchase Price Allocation

The adjusted purchase price was allocated as follows:

	Fairway Purchase Price Allocation
Fair Value of Assets Acquired - Tangible and Intangible Well costs	$	2,240,530
Fair Value of Assets Acquired - Proved Producing Leasehold Costs		197,654
Fair Value of Assets Acquired Unproved Leasehold Costs		776,688
Net Asset Fair Value Final	$	3,214,872