CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES:
Sales of natural gas and crude oil	$ 18,680,584	$ 38,659,392	$ 28,235,413
Net gains (losses) from commodity derivatives	5,038,826	3,398,518	(159,810)
Total revenues	23,719,410	42,057,910	28,075,603
EXPENSES:
Marketing cost of sales	532,985	1,045,177	1,234,308
Lease operating	11,401,309	12,816,725	9,316,364
Re-engineering and workovers	555,539	3,084,972	2,521,707
General and administrative - stock-based compensation	2,289,311	3,388,321	452,058
General and administrative - other	7,434,304	8,156,077	4,536,506
Depreciation, depletion and amortization	13,651,207	19,664,991	12,077,368
Asset retirement obligation accretion expense	604,538	$ 604,511	$ 668,497
Goodwill impairment	5,349,988
Other	468,221	$ 98,476	$ 171,774
Total expenses	42,287,402	48,859,250	30,978,582
INCOME (LOSS) FROM OPERATIONS	$ (18,567,992)	(6,801,340)	(2,902,979)
OTHER INCOME (EXPENSE):
Change in fair value of preferred stock derivative liability - Series A and Series B		(15,676,842)	(26,258,559)
Interest expense	$ (456,423)	(326,200)	(567,676)
Other, net	36,338	25,378	(240,617)
Total other income (expense)	(420,085)	(15,977,664)	(27,066,852)
NET INCOME (LOSS) BEFORE INCOME TAXES	(18,988,077)	(22,779,004)	(29,969,831)
Income tax expense (benefit)	(7,983,039)	(2,553,854)	3,080,272
NET INCOME (LOSS)	(11,005,038)	(20,225,150)	$ (33,050,103)
PREFERRED STOCK:
Dividends paid in cash, perpetual preferred Series A	1,047,191	$ 224,098
Dividends in arrears, perpetual preferred Series A	$ 213,751
Accretion, Series A and Series B		$ 786,536	$ 1,101,972
Dividends paid in cash, Series A and Series B		445,152	145,900
Dividends paid in kind, Series A and Series B		4,133,380	5,412,281
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (12,265,980)	$ (25,814,316)	$ (39,710,256)
EARNINGS (LOSS) PER COMMON SHARE:
Basic	$ (0.17)	$ (0.52)	$ (0.97)
Diluted	$ (0.17)	$ (0.52)	$ (0.97)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:
Basic	71,013,717	49,678,444	41,074,953
Diluted	71,013,717	49,678,444	41,074,953