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DERIVATIVE INSTRUMENTS (Details) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
DERIVATIVE INSTRUMENTS      
Net assets for derivative instruments $ 77,014   $ 2,000,000
Unrealized loss on derivative instruments (1,882,990) (525,633)  
Commodity price derivative instruments
     
DERIVATIVE INSTRUMENTS      
Net assets for derivative instruments 234,413   1,960,005
Fair value of derivative asset 932,078   2,206,705
Fair value of derivative liability (697,665)   (246,700)
Total net fair value of derivative assets 77,014    
Commodity price derivative instruments | West Texas Intermediate crude oil | Apr 2013-Dec 2013, one | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 14    
Price/Unit (in dollars per Bbls or per Mmbtu) 101.25    
Fair value of derivative asset 559,262    
Commodity price derivative instruments | Brent crude oil | Apr 2013-Dec 2013, two | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 9    
Price/Unit (in dollars per Bbls or per Mmbtu) 109.13    
Fair value of derivative asset 90,989    
Commodity price derivative instruments | Brent crude oil | Apr 2013-Jun 2013,one | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 6    
Price/Unit (in dollars per Bbls or per Mmbtu) 108.35    
Fair value of derivative liability (21,678)    
Commodity price derivative instruments | Brent crude oil | Apr 2013-Dec 2013, three | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 6    
Price/Unit (in dollars per Bbls or per Mmbtu) 107.10    
Fair value of derivative liability (48,805)    
Commodity price derivative instruments | Brent crude oil | Apr 2013-Jun 2013, two | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 7    
Price/Unit (in dollars per Bbls or per Mmbtu) 104.80    
Fair value of derivative liability (99,799)    
Commodity price derivative instruments | Brent crude oil | Jul 2013-Sep 2013 | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 6    
Price/Unit (in dollars per Bbls or per Mmbtu) 103.47    
Fair value of derivative liability (82,032)    
Commodity price derivative instruments | Brent crude oil | Oct 2013-Dec 2013 | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 3    
Price/Unit (in dollars per Bbls or per Mmbtu) 102.30    
Fair value of derivative liability (36,529)    
Commodity price derivative instruments | Brent crude oil | Jan 2014-Dec 2014, one | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 7.5    
Price/Unit (in dollars per Bbls or per Mmbtu) 102.10    
Fair value of derivative liability (79,460)    
Commodity price derivative instruments | Brent crude oil | Jan 2014 - Jun 2014 | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 2    
Price/Unit (in dollars per Bbls or per Mmbtu) 108.07    
Fair value of derivative asset 45,665    
Commodity price derivative instruments | Brent crude oil | Jan 2014-Dec 2014, two | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 6    
Price/Unit (in dollars per Bbls or per Mmbtu) 106.40    
Fair value of derivative asset 236,162    
Commodity price derivative instruments | Henry Hub NYMEX natural gas | Apr 2013-Dec 2013, one | Collar | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 75,000    
Floor Price/Unit (in dollars per Bbls or per Mmbtu) 3.00    
Cap Price/Unit (in dollars per Bbls or per Mmbtu) 4.25    
Fair value of derivative liability (127,094)    
Commodity price derivative instruments | Henry Hub NYMEX natural gas | Apr 2013-Dec 2013, two | Collar | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 75,000    
Floor Price/Unit (in dollars per Bbls or per Mmbtu) 3.25    
Cap Price/Unit (in dollars per Bbls or per Mmbtu) 4.00    
Fair value of derivative liability (185,288)    
Commodity price derivative instruments | Henry Hub NYMEX natural gas | Apr 2013-Jun 2013,one | Collar | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 50,000    
Floor Price/Unit (in dollars per Bbls or per Mmbtu) 3.75    
Cap Price/Unit (in dollars per Bbls or per Mmbtu) 4.00    
Fair value of derivative liability (12,110)    
Commodity price derivative instruments | Henry Hub NYMEX natural gas | Apr 2013-Dec 2013, three | Collar | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 35,000    
Floor Price/Unit (in dollars per Bbls or per Mmbtu) 3.75    
Cap Price/Unit (in dollars per Bbls or per Mmbtu) 4.21    
Fair value of derivative liability (33,805)    
Commodity price derivative instruments | Henry Hub NYMEX natural gas | Apr 2013-Dec 2013, four | Swap | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 70,000    
Price/Unit (in dollars per Bbls or per Mmbtu) 4.02    
Fair value of derivative liability (53,207)    
Commodity price derivative instruments | Henry Hub NYMEX natural gas | Apr 2013-Dec 2014, one | Collar | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 42,500    
Floor Price/Unit (in dollars per Bbls or per Mmbtu) 3.75    
Cap Price/Unit (in dollars per Bbls or per Mmbtu) 4.60    
Fair value of derivative liability (42,669)    
Commodity price derivative instruments | Henry Hub NYMEX natural gas | Apr 2013-Dec 2014, two | Collar | Not Designated
     
DERIVATIVE INSTRUMENTS      
Volume/Month (in Bbls or Mmbtu) 42,500    
Floor Price/Unit (in dollars per Bbls or per Mmbtu) 3.50    
Cap Price/Unit (in dollars per Bbls or per Mmbtu) 5.00    
Fair value of derivative liability $ (32,588)    
Cash flow hedges | Designated
     
DERIVATIVE INSTRUMENTS      
Number of derivative instruments 0    
Fair value hedges | Designated
     
DERIVATIVE INSTRUMENTS      
Number of derivative instruments 0