CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
OPERATING REVENUES
Crude oil sales	$ 26,415,041	$ 21,505,766	$ 42,508,437	$ 38,398,380
Natural gas sales	7,326,514	6,051,551	13,329,189	13,120,665
Natural gas liquids sales	3,056,063	2,966,694	5,054,926	5,691,545
Total operating revenues	36,797,618	30,524,011	60,892,552	57,210,590
OPERATING EXPENSES
Lease operating expenses	3,294,735	3,603,046	6,556,862	8,240,431
Production and ad valorem taxes	2,362,788	(2,488,997)	4,051,530	(1,080,256)
Exploration expenses	185,649	48,895	303,130	349,591
Depreciation, depletion and amortization	18,612,302	14,675,882	31,452,022	29,137,944
Impairment of oil and gas properties	827,677	806,067	1,645,415	1,482,541
General and administrative	6,849,167	4,525,720	11,163,501	9,297,177
Gain on sale of assets	(4,975)		(11,359)	(8,900)
Total operating expenses	32,127,343	21,170,613	55,161,101	47,418,528
INCOME FROM OPERATIONS	4,670,275	9,353,398	5,731,451	9,792,062
OTHER INCOME (EXPENSE)
Interest expense	(6,325,864)	(6,212,806)	(12,609,601)	(12,457,988)
Other income and financing cost	(131,814)	(103,544)	(251,216)	(346,287)
Unrealized gain on derivative instruments	2,643,221	3,037,733	760,231	2,512,100
Total other income (expense)	(3,814,457)	(3,278,617)	(12,100,586)	(10,292,175)
INCOME (LOSS) BEFORE INCOME TAXES	855,818	6,074,781	(6,369,135)	(500,113)
Income tax (expense) benefit	(317,499)	(2,163,962)	2,176,055	11,847
NET INCOME (LOSS)	$ 538,319	$ 3,910,819	$ (4,193,080)	$ (488,266)
NET INCOME (LOSS) PER SHARE
Basic (in dollars per share)	$ 0.01	$ 0.09	$ (0.09)	$ (0.01)
Diluted (in dollars per share)	$ 0.01	$ 0.09	$ (0.09)	$ (0.01)
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	44,681,434	44,134,330	44,536,281	44,055,639
Diluted (in shares)	44,995,267	44,992,883	44,536,281	44,484,917