CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenues
Oil and gas sales	$ 287,179	$ 650,648
Gain on settlement and sale of oil and gas properties	153,624	637,248
Total revenues	440,803	1,287,896
Operating Expenses:
Lease operating costs	105,245	159,800
Exploration and dry hole cost	3,000	2,513
Production taxes	14,690	32,704
General and administrative	1,961,314	4,389,788
Impairment of oil and natural gas properties	0	867,048
Depreciation, depletion, amortization, and accretion	135,009	637,121
Total operating expenses	2,219,258	6,088,974
Loss from operations	(1,778,455)	(4,801,078)
Other Income (Expense):
Management fee income	5,972	8,028
Interest expense	(134,116)	(112,468)
Total other income and expense	(128,144)	(104,440)
Loss before Tax Benefit	(1,906,599)	(4,905,518)
Tax benefit	0	0
Net loss	(1,906,599)	(4,905,518)
Less: Net loss attributable to non-controlling interest	(54,975)	(728,218)
Net loss attributable to Victory Energy Corporation	$ (1,851,624)	$ (4,177,300)
Weighted average shares, basic and diluted (in shares)	31,220,326	29,803,421
Net income (loss) per share, basic and diluted (in dollars per share)	$ (0.06)	$ (0.14)