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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenues:    
Oil and natural gas sales $ 921,030 $ 2,158,283
Sale of oil and natural gas properties 27,120 391,585
Royalty revenues 4,871 3,369
Total revenues 953,021 2,553,237
Oil and gas producing activities:    
Lease operating expenses 754,362 791,142
Production taxes 84,576 179,660
Other operating expense 160,011 36,250
Depreciation, depletion, amortization and accretion 816,481 $ 767,857
Impairment 3,231,000
Gas gathering:    
Operating expenses 1,406 $ 8,926
Depreciation 44,362 $ 44,219
Impairment 56,648
General and administrative expenses:    
Director fees 47,833 $ 20,450
Investor relations 28,128 65,833
Legal, auditing and professional fees 116,078 146,581
Related parties 172,217 220,800
Other administrative expenses 74,634 72,807
Depreciation 428 570
Total operating expenses 5,588,164 2,355,095
Operating income (loss) (4,635,143) $ 198,142
Other income (expense)  
Interest income (expense), net (111,910) $ (135,773)
Total other expense (111,910) (135,773)
Income (loss) before income taxes $ (4,747,053) $ 62,369
Income tax benefit (expense)
Net income (loss) attributable to Arete Industries, Inc. $ (4,747,053) $ 62,369
Net Income Applicable to Common Stockholders:    
Net income (loss) $ (4,747,053) 62,369
Redemption of preferred stock 17,951
Accrued Preferred stock dividends (9,375)
Net income (loss) applicable to common stockholders $ (4,747,053) $ 70,945
Earnings (Loss) Per Share Applicable to Common Stockholders:    
Basic $ (0.37) $ 0.01
Diluted $ (0.37) $ 0.01
Weighted Average Number of Common Shares Outstanding:    
Basic 12,882,000 12,450,000
Diluted 12,882,000 12,450,000