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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net income $ (639,574) $ (304,510)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 155,000 202,225
Accretion of discount on asset retirement obligations 23,542 16,941
Gain on sale of oil and gas properties (27,120)
Impairment expense 252,000 0
Changes in operating assets and liabilities:    
Accounts receivable (16,686) 77,309
Prepaid expenses and other (9,635) (9,349)
Accounts payable 42,177 (829)
Accounts payable - related parties and director's fees 22,500
Accounts payable - DNR Oil & Gas, Inc. (191,860)
Other accrued expenses and accrued interest 18,749 54,249
Net cash provided by (used in) operating activities (343,787) 8,916
Cash Flows from Investing Activities:    
Capital expenditures for property and equipment (146) (61,962)
Proceeds from sale of oil and gas properties 50,000
Net cash provided by (used in)investing activities (146) (11,962)
Cash Flows from Financing Activities:    
Proceeds from notes payable 25,500
Principal payments on notes payable (35,440) (6,493)
Proceeds received from subscription receivable 105,000
Net proceeds received from issuance of Series A Two Preferred Stock 50,000
Net cash (used in) financing activities 145,060 (6,493)
Net increase (decrease) in cash and equivalents (198,873) (9,539)
Cash and equivalents, beginning of year 521,666 30,755
Cash and equivalents, end of year 322,793 21,216
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 19,219 17,067
Accrued dividends $ 48,509