MERGER WITH PYRAMID OIL COMPANY AND GOODWILL (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Sep. 10, 2014
Estimated Fair Value of Assets Acquired:
Goodwill(i)		$ 5,349,988
As initially Reported [Member]
Purchase Price(i):
Shares of Pyramid common stock held by Pyramid shareholders			4,788,085
Pyramid common stock price (September 10, 2014 closing price)			$ 4.70
Fair value of Pyramid common stock issued			$ 22,504,000
Consideration paid to Pyramid's shareholders			0
Issuance of 100,000 shares to Pyramid affiliated persons at $5.01 per share (September 11, 2014 closing price)			501,000
Fair value of Pyramid options assumed by the Company(ii)			100,500
Total purchase price			23,105,500
Estimated Fair Value of Liabilities Assumed:
Current liabilities			633,917
Noncurrent deferred tax liability(iii)			4,879,724
Other noncurrent liabilities (asset retirement obligation)			1,334,278
Amount attributable to liabilities assumed			6,847,919
Total purchase price plus liabilities assumed			29,953,419
Estimated Fair Value of Assets Acquired:
Current assets			9,066,589
Oil and natural gas properties(iv)			10,726,715
Net other property and equipment			4,158,420
Other noncurrent assets			261,380
Amount attributable to assets acquired			24,213,104
Goodwill(i)			$ 5,740,315
Measurement Period Adjustment [Member]
Purchase Price(i):
Shares of Pyramid common stock held by Pyramid shareholders
Pyramid common stock price (September 10, 2014 closing price)
Fair value of Pyramid common stock issued
Issuance of 100,000 shares to Pyramid affiliated persons at $5.01 per share (September 11, 2014 closing price)
Fair value of Pyramid options assumed by the Company(ii)
Total purchase price
Estimated Fair Value of Liabilities Assumed:
Current liabilities
Noncurrent deferred tax liability(iii)
Other noncurrent liabilities (asset retirement obligation)			$ (390,327)
Amount attributable to liabilities assumed			(390,327)
Total purchase price plus liabilities assumed			$ (390,327)
Estimated Fair Value of Assets Acquired:
Current assets
Oil and natural gas properties(iv)
Net other property and equipment
Other noncurrent assets
Amount attributable to assets acquired
Goodwill(i)			$ (390,327)
As adjusted [Member]
Purchase Price(i):
Shares of Pyramid common stock held by Pyramid shareholders			4,788,085
Pyramid common stock price (September 10, 2014 closing price)			$ 4.70
Fair value of Pyramid common stock issued			$ 22,504,000
Consideration paid to Pyramid's shareholders			0
Issuance of 100,000 shares to Pyramid affiliated persons at $5.01 per share (September 11, 2014 closing price)			501,000
Fair value of Pyramid options assumed by the Company(ii)			100,500
Total purchase price			23,105,500
Estimated Fair Value of Liabilities Assumed:
Current liabilities			633,917
Noncurrent deferred tax liability(iii)			4,879,724
Other noncurrent liabilities (asset retirement obligation)			943,951
Amount attributable to liabilities assumed			6,457,592
Total purchase price plus liabilities assumed			29,563,092
Estimated Fair Value of Assets Acquired:
Current assets			9,066,589
Oil and natural gas properties(iv)			10,726,715
Net other property and equipment			4,158,420
Other noncurrent assets			261,380
Amount attributable to assets acquired			24,213,104
Goodwill(i)			$ 5,349,988