SUPPLEMENTARY INFORMATION ON OIL AND NATURAL GAS EXPLORATION, DEVELOPMENT AND PRODUCTION ACTIVITIES (UNAUDITED) (Details 2)	12 Months Ended
	Dec. 31, 2015 MBbls MMcf	Dec. 31, 2014 MBbls MMcf	Dec. 31, 2013 MBbls MMcf
Oil in (Bbls) [Member]
Reserve Quantities [Line Items]
Proved developed and undeveloped reserves, Beginning of year | MBbls	14,011,343	14,381,960	7,739,964
Revisions of Previous Estimates | MBbls	(5,596,379)	(565,143)	(1,142,654)
Purchases of oil and gas properties | MBbls	103,387	472,132	7,959,600
Extensions and discoveries | MBbls	769,661	51,993	92,152
Sale of oil and gas properties | MBbls	0	0	0
Production | MBbls	(321,687)	(329,599)	(267,102)
Proved developed and undeveloped reserves, End of year | MBbls	8,966,325	14,011,343	14,381,960
Proved developed reserves, Beginning of the year | MBbls	2,347,482	2,099,701	1,474,015
Proved developed reserves, End of year | MBbls	2,117,559	2,347,482	2,099,701
Proved undeveloped reserves, Beginning of year | MBbls	11,663,861	12,282,259	6,265,949
Proved undeveloped reserves, End of year | MBbls	6,848,766	11,663,861	12,282,259
Natural Gas (in Mcf) [Member]
Reserve Quantities [Line Items]
Proved developed and undeveloped reserves, Beginning of year | MMcf	35,259,522	38,372,369	31,071,137
Revisions of Previous Estimates | MMcf	(11,436,325)	(479,438)	(8,281,139)
Purchases of oil and gas properties | MMcf	264,981	81,177	16,495,803
Extensions and discoveries | MMcf	3,675,358	0	362,806
Sale of oil and gas properties | MMcf	0	0	0
Production | MMcf	(1,993,842)	(2,714,586)	(1,276,238)
Proved developed and undeveloped reserves, End of year | MMcf	25,759,694	35,259,522	38,372,369
Proved developed reserves, Beginning of the year | MMcf	7,786,537	10,316,516	10,156,754
Proved developed reserves, End of year | MMcf	8,552,249	7,786,537	10,316,516
Proved undeveloped reserves, Beginning of year | MMcf	27,472,985	28,055,853	20,914,383
Proved undeveloped reserves, End of year | MMcf	17,217,445	27,472,985	28,055,853