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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)
12 Months Ended
Dec. 31, 2015
USD ($)
$ / Unit
Dec. 31, 2014
USD ($)
$ / Unit
Dec. 31, 2013
USD ($)
$ / Unit
Summary Of Significant Accounting Policies Details Textual      
Allowance for doubtful accounts $ 532,719 $ 138,960  
Depreciation, depletion and amortization rate per boe | $ / Unit 20.45 24.92 23.87
Depreciation, depletion and amortization expense for oil and natural gas properties $ 13,375,452 $ 19,490,653 $ 11,927,872
Capitalized interest associated with line of credit 983,472 1,059,350 1,031,816
Capitalized internal costs 3,090,013 3,442,095 2,702,952
General and administrative expense reimbursements 0 0 42,329
Depreciation and leasehold improvement amortization expense $ 275,756 $ 174,338 $ 149,496