STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (18,997,712)	$ (7,067,374)
Increase in fair value of preferred stock derivative liability	15,676,842	7,581,234
Depreciation, depletion and amortization of property and equipment	15,604,283	7,315,103
Accretion of asset retirement obligation	438,717	464,306
Stock-based compensation net of capitalized cost	598,819	427,374
Amortization of other assets and liabilities	140,954	117,951
Deferred tax expense (benefit)	(1,710,632)	(1,998,800)
Bad debt expense	85,101	149,611
Gain on disposal of property and equipment	0	(19,500)
Write off deferred offering costs	1,257,160	0
Write off credit financing costs	0	313,652
Amortization of benefit from commodity derivatives (sold) and purchased, net	(70,313)	(54,450)
Net commodity derivatives mark-to-market gain	(921,026)	(439,478)
Other	2,057	(1,716)
Changes in current operating assets and liabilities:
Accounts receivable	1,868,318	(634,350)
Note receivable	0	216
Other current assets	(274,235)	426,186
Accounts payable	8,024,528	7,472,589
Other current liabilities	1,007,872	951,624
Noncurrent payable to commodity derivative advisor and deferred commodity derivative premiums	(36,824)	0
NET CASH PROVIDED BY OPERATING ACTIVITIES	22,693,909	15,004,178
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures on property and equipment	(17,901,264)	(22,313,654)
Proceeds from sale of property	307,600	698,766
Cash received from reverse merger	4,550,082	0
Short-term investments retired	2,142,128	0
Decrease (increase) in noncurrent receivable from affiliate	95,634	(2,493)
NET CASH USED BY INVESTING ACTIVITIES	(10,805,820)	(21,617,381)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowing	901,257	872,754
Payments on borrowings	(514,118)	(613,691)
Change in borrowing on line of credit	(6,250,000)	6,740,000
Line of credit financing costs	(47,291)	(556,276)
Preparation costs to issue perpetual preferred stock	(165,034)	0
Deferred offering costs	0	(234,679)
Cash dividends to preferred stockholders	(445,152)	(59,850)
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	(6,520,338)	6,148,258
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	5,367,751	(464,945)
Cash and cash equivalents at beginning of period	4,194,511	5,285,022
Cash and cash equivalents at end of period	9,562,262	4,820,077
Supplemental disclosure of cash flow information:
Interest payments (net of interest capitalized)	210,323	(23,569)
Interest capitalized	767,908	788,214
Supplemental disclosure of significant non-cash activity:
Preferred dividends paid in kind	$ 4,133,380	$ 2,228,545