STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 868,563	$ 750,928
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for depletion, depreciation, and amortization	519,396	595,631
Valuation allowances	0	727,384
Gain on sale of fixed assets	0	(1,512)
Stock based compensation	0	43,743
Accretion expense	31,970	26,793
Deferred income taxes	172,900	(151,900)
Asset retirement obligations	(6,009)	11,779
Changes in operating assets and liabilities:
Decrease (increase) in trade accounts and income tax receivable	89,944	(44,150)
Decrease (increase) in crude oil inventories	12,131	(10,336)
Decrease in prepaid expenses and other assets	139,706	139,016
(Increase) in other assets	0	(10,000)
(Decrease) in accounts payable and accrued liabilities	(83,103)	(127,108)
Net cash provided by operating activities	1,745,498	1,950,268
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(848,952)	(1,137,941)
Payments to acquire short-term investments	0	(100,000)
(Increase) in short-term investments	(6,011)	(22,574)
(Increase) in long-term investments	(21,935)	(9,516)
Proceeds from sale of property and equipment	0	21,500
Net cash used in investing activities	(876,898)	(1,248,531)
CASH FLOWS FROM FINANCING ACTIVITIES:
Loans to employees	0	(1,300)
Proceeds from issuance of long-term debt	0	55,979
Principal payments from loans to employees	0	900
Principal payments on long-term debt	(48,634)	(25,842)
Net cash (used in) provided by financing activities	(48,634)	29,737
Net increase in cash and cash equivalents	819,966	731,474
Cash and cash equivalents at beginning of year	2,762,676	1,535,532
Cash and cash equivalents at end of period	3,582,642	2,267,006
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the nine months for interest	868	2,459
Cash paid during the nine months for income taxes	$ 134,200	$ 185,598