CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reconciliation of net loss to net cash provided by (used in) operating activities
Net loss	$ (3,673,086)	$ (3,682,992)
Depreciation, depletion and amortization of property and equipment	2,446,401	4,141,020
Accretion of asset retirement obligation	105,014	162,784
Stock-based compensation net of capitalized cost	418,290	1,738,410
Amortization of other assets and liabilities	262,474	65,145
Deferred tax expense (benefit)	(532,933)	(2,294,582)
Bad debt expense increase (decrease)	(25,432)	11,311
Amortization of benefit from commodity derivatives (sold) and purchased, net	0	(119,917)
Unrealized (gains) losses on commodity derivatives	788,176	3,866,266
Changes in current operating assets and liabilities:
Accounts receivable	337,959	3,680,915
Other current assets	246,578	206,467
Accounts payable	(987,980)	(10,800,637)
Other current liabilities	(14,194)	367,639
Other noncurrent assets and liabilities	(108,618)	0
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(737,351)	(2,658,171)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures on property and equipment	(1,322,128)	(5,963,281)
Proceeds from sale of property	1,740	30,442
Decrease (increase) in short-term investments	0	(10,431)
NET CASH USED IN INVESTING ACTIVITIES	(1,320,388)	(5,943,270)
CASH FLOWS FROM FINANCING ACTIVITIES:
Change in borrowing on line of credit	0	5,550,000
Payments on insurance note	(201,449)	(220,658)
Line of credit financing costs	(21,717)	(221,373)
Net proceeds from sale of common stock	0	298,259
Net proceeds from sale of perpetual preferred stock	0	708,590
Cash dividends to preferred shareholders	0	(300,815)
Other	0	(4,783)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(223,166)	5,809,220
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(2,280,905)	(2,792,221)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	5,355,191	11,558,322
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3,074,286	8,766,101
Supplemental disclosure of cash flow information:
Interest payments (net of interest capitalized)	174,706	19,843
Interest capitalized	124,164	232,822
Supplemental disclosure of significant non-cash activity:
(Increase) decrease in capital expenditures financed by accounts payable	$ 521,127	$ 2,067,297