CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash Flows from Operating Activities:
Net income (loss)	$ (92,007)	$ 274,898
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation, depletion and amortization expense	167,648	140,239
Accretion of discount on asset retirement obligations	16,294	2,066
Gain on sale of oil and gas properties	(949)	(533,048)
Changes in operating assets and liabilities:
Accounts receivable	(106,769)	24
Prepaid expenses and other	29,669	38,655
Accounts payable	159,917	(22,054)
Accrued costs and expenses	(37,540)	177,675
Net cash provided by (used in) operating activities	136,263	78,455
Cash Flows from Investing Activities:
Capital expenditures for property and equipment	(179,616)	(617,270)
Proceeds from sale of oil and gas properties	949	1,108,709
Contingent consideration paid to DNR under sharing arrangement		(282,704)
Net cash provided by (used in) investing activities	(178,667)	208,735
Cash Flows from Financing Activities:
Proceeds from notes and advance payable	40,000	375,000
Principal payments on notes payable	(569)	(250,000)
Net cash provided by (used in) financing activities	39,431	125,000
Net increase (decrease) in cash and equivalents	(2,973)	412,190
Cash and equivalents, beginning of period	6,921	219,566
Cash and equivalents, end of period	3,948	631,756
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	6,750	20,000
Cash paid for income taxes
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Preferred stock dividends declared	391,875	391,875
Asset retirement obligations assumed upon sale of oil and gas properties		$ 16,411