CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues
Oil and gas sales	$ 73,065	$ 152,448	$ 218,243	$ 550,647
Gain on settlement and sale of oil and gas properties	0	0	64,824	0
Total revenues	73,065	152,448	283,067	550,647
Operating Expenses:
Lease operating costs	20,585	37,279	83,712	114,296
Exploration and dry hole cost	0	(5,611)	0	(2,120)
Production taxes	4,097	7,178	11,152	26,719
General and administrative	190,675	941,822	1,258,833	3,657,016
Impairment of oil and natural gas properties	0	3,152	0	309,539
Depreciation, depletion, amortization, and accretion	32,729	84,423	109,016	335,437
Total operating expenses	248,086	1,068,243	1,462,713	4,440,887
Loss from operations	(175,021)	(915,795)	(1,179,646)	(3,890,240)
Other Income (Expense):
Management fee income	772	3,053	3,413	5,728
Interest expense	(33,300)	(32,220)	(99,613)	(79,406)
Total other income and expense	(32,528)	(29,167)	(96,200)	(73,678)
Loss before Tax Benefit	(207,549)	(944,962)	(1,275,846)	(3,963,918)
Tax benefit	0	0	0	0
Net loss	(207,549)	(944,962)	(1,275,846)	(3,963,918)
Less: Net loss attributable to non-controlling interest	(12,033)	(62,353)	(95,229)	(287,278)
Net loss attributable to Victory Energy Corporation	$ (195,516)	$ (882,609)	$ (1,180,617)	$ (3,676,640)
Weighted average shares, basic and diluted (in shares)	31,220,326	29,776,068	31,220,326	29,428,000
Net loss per share, basic and diluted (in dollars per share)	$ (0.01)	$ (0.03)	$ (0.04)	$ (0.12)