Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements on Nonrecurring Basis

	Level 1		Level 2		Level 3
March 31, 2016
Proved oil and gas properties	$	—	$	—	$	5,053,283

Schedule of Change in Fair Value of the Company's Proved Oil and Gas Properties

Balance December 31, 2015	$	5,460,273
Additions		10
DD&A expense		(155,000	)
Balance at March 31, 2016, prior to impairment		5,305,283
Pre-tax non-cash impairment		(252,000	)
Balance March 31, 2016	$	5,053,283