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5. COMMODITY DERIVATIVE INSTRUMENTS (Details 1) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Asset commodity derivatives:    
Current assets $ 2,765,219 $ 3,069,115
Noncurrent assets 1,467,664 1,841,120
Total 4,232,883 4,910,235
Liability commodity derivatives:    
Current liabilities (625,057) (411,068)
Noncurrent liabilities (667,414) (770,579)
Total (1,292,471) (1,181,647)
Total commodity derivative instruments $ 2,940,412 $ 3,728,588