COMMODITY DERIVATIVE INSTRUMENTS (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
C. Commodity Derivative Instruments Details 1
Sales of natural gas and crude oil	$ 18,680,584	$ 38,659,392	$ 28,235,413
Gains (losses) realized from sale of commodity derivatives	4,030,000
Other gains (losses) realized on commodity derivatives	1,958,793	$ (1,420,217)	$ (524)
Unrealized gains (losses) on commodity derivatives	$ (949,967)	4,724,985	(231,886)
Amortized gains from benefit of sold qualified gas options		93,750	72,600
Total revenue from natural gas and crude oil	$ 23,719,410	$ 42,057,910	$ 28,075,603