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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,731,399) $ (4,399,085)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 12,839,720 14,462,062
Asset retirement obligations (179,601) 121,042
Stock compensation expense 662,545 532,311
Amortization of financing costs and discounts 418,391 385,585
Deferred income taxes (2,484,288) (2,175,809)
Impairment of unproved oil and gas properties 817,738 676,474
Gain on sale of assets (6,384) (8,900)
Unrealized loss on derivative instruments 1,882,990 525,633
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable, net (489,663) 175,929
Decrease (increase) in prepaid expenses 32,558 (235,151)
Increase (decrease) in accounts payable and accrued liabilities 3,734,515 (9,521,713)
Net cash provided by operating activities 12,497,122 538,378
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (11,167,412) (32,675,599)
Sale of assets 6,384 8,900
Net cash used in investing activities (11,161,028) (32,666,699)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on debt (37,215,089) (43,293,956)
Proceeds from debt 36,112,929 75,503,103
Proceeds from issuance of common stock   6,952
Purchase of treasury stock (233,934) (87,778)
Net cash provided by (used in) financing activities (1,336,094) 32,128,321
INCREASE IN CASH AND CASH EQUIVALENTS 0  
CASH AND CASH EQUIVALENTS, Beginning of period   0
CASH AND CASH EQUIVALENTS, End of period 0  
Cash paid for interest $ 5,870,267 $ 5,833,170